Regulatory Reporting Quality Assurance (RRQA), Director/AVP

Regulatory Reporting Quality Assurance (RRQA), Director/AVP

Glasgow JR026526

We’re seeking someone to join our Finance Division's Risk and Assurance (FinRiA) group as a Director, specifically into the Regulatory Reporting Quality Assurance (RRQA) team.

The FinRiA group is represented in our New York, Glasgow, London, Tokyo and Hong Kong offices and performs an oversight, governance and execution role in support of the Firm's operational risk programs and objectives. The group interacts across all areas of Finance, the Firm Operational Risk Department, the Front Office, Internal Audit and Operations, supporting accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure.

The RRQA team works collaboratively across New York, Glasgow, and Mumbai on a validation program to support the continuously expanding regulatory reporting environment impacting the Morgan Stanley Finance division.

The successful candidate will be responsible for leading a workstream within the US/EMEA validation book of work. Responsibilities will include developing validation approaches, engaging with stakeholders, and leading a small team of individuals to execute the validation activity.

The RRQA role offers significant opportunities to learn about the broader Firm as the validation program encapsulates many different types of reporting (e.g. capital, liquidity, recovery planning) and stakeholders (e.g. Finance, Operations, Technology). The role is also project-based (e.g. not daily, weekly, monthly reporting) which offers variety in the work performed, continued learning and flexibility.
 

In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm’s financial and capital resources. This is an Associate within our Risk, Assurance, Governance & Control job family which provides oversight and monitoring of operational risk or third party/outsourcing for the global Finance division, validation and testing of financial and regulatory reports and reinforcement of regulatory requirements, policies and procedures.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you’ll do in the role:
RRQA is an independent, second line of defense (2LOD) function within the Finance department. The team's role is to validate processes and controls supporting Finance-owned reports and components across Capital, Credit, Market, Operational, Liquidity and other reporting submitted to global regulators, from transaction capture through to final reporting. Products subject to review may include derivatives, securities financing transactions, loans, securitizations, debt and equity.

What you'll bring to the role:
-Leadership, ownership, oversight and participation in validation testing activities, including: process, control and substantive testing from data source to final reporting
-Partnership with stakeholders across Finance (e.g. Regulatory Controllers, FSS External Reporting, Treasury, Legal Entity Controllers) to develop RRQA's annual scope, the validations themselves, and broker agreement to any issues identified
-Liaise with other divisions (Operations / Technology) where required to facilitate validations
-Problem solving and identifying root cause of data anomalies or other deficiencies in processes and controls to determine next steps for the team
-Collaboration with senior management on the team's progress Skills required:
-Ownership and accountability for tasks
-Critical thinking, initiative, and an inquisitive nature to validate whether processes and controls are operating as intended
-Strong analytical skills to organize, interrogate and present data in a meaningful way; attention to detail; clear documentation of results
-Strong written communication and oral skills, including the ability to lead stakeholder walkthroughs and provide updates to senior Finance management
-Desire to continually learn through asking questions; seek innovative ways to improve RRQA processes
-Flexibility to multi-task, adapt to change, and contribute to running a successful team (e.g. being a role model for Firm culture)
-Microsoft Office (Excel, Word, and PowerPoint) experience

Skills desired:
-Bachelor's Degree in Finance, Economics, Mathematics, Accounting or similar discipline
-Part or Fully Qualified accountant
-Prior audit or assurance experience

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WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve don