Regulatory Reporting Quality Assurance - Vice President

Title: Regulatory Reporting Quality Assurance - Vice President

Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career, a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile
The Finance Division reports to the Chief Financial Officer and consists of some 2500 employees worldwide. Finance protects the Morgan Stanley franchise by serving as guardian of the Firm's books and records, and by contributing to firm wide risk management and risk reduction. This division maintains relationships with Morgan Stanley's various industry and government regulators, and also serves as the conduit of financial information to the outside investment community. Finance plays a critical role as advisor to Morgan Stanley's various businesses and its senior management team.

The Financial Control Group (FCG) is responsible for overseeing the accounting and financial and regulatory reporting for the Firm. FCG prepares external financial reports for public filings and regulators. For internal reporting FCG, along with Financial Planning and Analysis (FPA), summarizes, plans and forecasts the organization's financial position, including income statements, balance sheets, and analyses of future revenues, expenses and earnings. FCG is comprised of Business Unit Controllers, Infrastructure Controllers, Accounting, Regulatory and Reporting groups, Tax and Valuation Review.

Job Summary
The role will reside within the Finance Division, under the Finance Risk and Assurance group, specifically into the group's Regulatory Reporting Quality Assurance team (RRQA). The Finance Risk and Assurance group is represented in our Glasgow, London, New York, Tokyo, Hong Kong and Mumbai offices performing an oversight, governance and execution role in relation to the Finance division in support of the Firm's operational risk programs and objectives. The group interacts across all areas of Finance, Firm Operational Risk Department, the Front Office, Internal Audit as well as Operations, providing accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure. The RRQA team within this group sits in the New York, Glasgow and Mumbai offices.

The Regulatory Reporting Quality Assurance Executive Director will be responsible for performing various activities related to second line independent validations. They will work to promote completeness and accuracy of regulatory reporting data quality by independently validating Capital, Capital Planning and Recovery & Resolution Planning processes and controls from transaction capture through to global regulatory reporting. Products subject to review may include derivatives, loans, securitizations, and other debt and equity. They will be responsible for working closely with global Pillar leads including Liquidity reporting. Responsibilities
> Cultivating relationships across the organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology, Credit Risk, and Market Risk
> Monitoring, tracking and reporting/presenting project progress to Senior Management
> Design programs to test processes and controls to ensure they are working as designed by reviewing documentation, meeting with management to discuss the business processes, and observing general business operations
> Perform data analysis to identify anomalies or issues in the testing approach
> Identify the root cause for control deficiencies and evaluate management action plans to address deficiencies
> Document internal activities, identified issues, and conclusions to assist the team with reporting to the stakeholders
> Take ownership of assigned tasks and seek out ways to improve the process
> Accountable for meeting deliverables, adhering to quality and methodology standards, including providing and incorporating real-time feedback
> Take initiative to consider and recommend problem resolution to the team and global head

Qualifications
> A bachelor's degree in an accounting, finance or business discipline, supported by 15+ years work experience, preferably in financial services or in a public accounting firm

Required
> Prior audit (external, internal