Job Description

Manager - Quality Assurance Compliance Specialist(Legal & Compliance)



Job Number: 3229458
POSTING DATE: Jan 11, 2023
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL: Refer to Position Description
JOB: Compliance
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Senior Manager


DESCRIPTION
Compliance Monitoring

Division: Legal & Compliance Job Title: ISG Testing Quality Control Manager

Location: Mumbai (NKP) Job Level: Manager

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

Legal and Compliance

Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.
The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.
The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.
Global Financial Crimes is responsible for the development and governance of the Firm\'s financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.
The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley\'s regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.
LCD Center of Excellence \xe2\x80\x94 Mumbai (LCDCoE) is a part of Morgan Stanley\'s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.


QUALIFICATIONS

Primary Responsibilities As a part of the COG team and the LCD CoE, the candidate will have several areas of responsibility including, but not limited to, the following:

• Executing Quality Assurance (QA) of completed core Compliance processes including rules management, policy, training, monitoring and testing
  Analysis of regulations and internal policies/procedures to ensure compliance
  Conducting quality assurance reviews related to transactions and other documentation for compliance with the relevant regulations and policies/rules
  Conducting / participating in walkthroughs/interviews with stakeholders responsible for a particular area
  Ensuring detailed documentation of work-papers and other control documentation Review completed work items and complete analysis sheet containing procedural and analytical questions regarding the disposition of those items of the activities assigned
  Determine whether:
  • the disposition of the work item demonstrates an understanding of the work item and appropriately addresses the material risk; and
  • the decision whether to close the work item or to escalate it to the next level of review was appropriate
  
  Reviewing rules mapping processes, training delivery processes, policy framework processes, test reports and monitoring check summaries
  Coordinate with regional Compliance teams for any queries and clarifying questions
  Identification of areas requiring attention or findings and assessment of relative risk
  Presentation of findings and recommendations to Management
  Following up on review findings until resolution

Skills required (essential)

The ideal candidate will have 5-7 years professional experience at a financial institution.
Excellent communication skills \xe2\x80\x94 written and oral.
Experience of performing QC of Compliance activities or audit reviews.
High level of attention to detail, multi-tasking, ability to perform data analysis and experience in interpreting laws or regulations.
Possess experience in performing walkthroughs, performing controls and substantive testing.
Excellent time management skills, attention to detail and ability to execute tasks within tight deadlines.
Creative problem resolution skills with the strive to bring innovative ideas within a progressive and fast-paced environment.
Ability to articulate key points clearly and in concise manner in various meetings.
Good interpersonal skills and ability to work effectively with colleagues across regions and Business Units
Proficient in MS Office Suite and internet applications/tools.

Skills desired

Has the ability to effectively handle a fast-paced environment and successfully meet established deadline requirements.
Ability to research and resolve issues independently while working across teams to acquire information.
Be self-motivated and must have the ability to work independently.
Knowledge of global markets / market regulations.
Industry qualifications - CA / CIA or similar certification.

Coverage

Monday to Friday from 11:30AM to 8:30PM. Coverage is dependent on business needs so flexibility on required finish time or full day\'s coverage may be required during some Indian holidays.