Finance Regulatory Reporting Quality Assurance Associate

  • Location


  • Sector:

    Financial Services

  • Job type:

    Full Time

  • Salary:


  • Contact:

    Cath Lawrie

  • Contact email:

  • Job ref:


  • Published:

    about 1 year ago

  • Expiry date:


  • Client:


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.

Glasgow Profile:

Morgan Stanley’s Glasgow office employs in excess of 1,300 staff across Operations, Technology, Legal and Compliance, Internal Audit, Fund Services and Finance. Due to our growing business, we have a demand for career minded people to join our teams. Our opportunities offer unrivalled scope for progression and training within a fast paced, meritocratic and constantly changing environment. Morgan Stanley pride themselves on maintaining a culture which champions diversity, an inclusive environment for all, recognition and an opportunity to give back to our communities through various local charity partnerships. The office is located centrally and enjoys the additional benefits of an onsite gym and restaurant.

Department Profile:

The Finance Division globally reports to the Chief Financial Officer and consists of some 3,000 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 Glasgow Finance team is over 220 strong and spans a wide range of functions including: Product Control; Market Risk Control; Liquidity Control; Treasury Currency Management; Compensation Control; Tax; Legal Entity Control and Governance; Accounting Advisory Services; General Ledger Governance; Regulatory Reporting and Finance Risk. The variety and scope of  our opportunities across all levels allows our employees to enjoy fulfilling and challenging long-term careers. In order to maintain this we require finance professionals of all levels, both qualified and non-qualified, who are committed to working in a challenging and ever evolving industry. For non-qualified candidates we actively support a number of professional qualifications.

Team Profile:

We are looking to hire an Associate in the Finance Division’s Risk, Information Security and Control Group (FinRISC), specifically into the Regulatory Reporting Quality Assurance team (RRQA). The FinRISC group is represented in our New York, Glasgow, London, Tokyo and Hong Kong offices performing an oversight, governance and execution role in relation to the Finance SOT 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 works collaboratively across New York, Glasgow and Mumbai on a validation programme to support the continuously expanding regulatory reporting environment impacting the Morgan Stanley Finance Division.

The RRQA Associate will be responsible for performing activities related to Regulatory reporting validation programs and quality assurance on a global basis. They will work to promote completeness, accuracy and validity of regulatory reporting data quality by independently validating various Regulatory Reporting processes and controls from transaction capture through to final regulator reporting. Products subject to review may include derivatives, secured financing transactions, loans, securitizations, debt and equity.

Primary Responsibilities:

  • Conducting walkthroughs, assessing the internal control environment by performing controls and substantivetesting

  • Validating transaction capture through regulatory reporting processes and assessing the internal control environment by conducting walkthroughs and performing control and sample data testing

  • Analysing identified issues for their impact on capital and other upstream and downstream processes or systems, as well as escalating theseissues.

  • Cultivating relationships across the Finance organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Legal Entity Controllers, Operations, Treasury, Technology, Credit Risk, and Market Risk.

  • Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process

  • Monitoring, tracking and reporting project progress to SeniorManagement

Skills Required:

  • Part or Fully Qualified accountant

  • Prior experience in a line role or supporting a Finance or Reportingfunction

  • Ability to organize and present data in a meaningful way, including azalyzing and summarizing detailed information from various sources
  • Strong quantitative and qualitative analyticalskills

  • Ability to multi-task, adapt, and work well underpressure

  • Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validationissues

  • Ability to create and manage detailed project plans including managinginterdependencies

  • Advanced Excel, Word, and PowerPointskills

  • Sense of ownership and accountability for work

  • Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitivethinking

Skills Desired:

  • Prior audit or consulting experience
  • Experienced with testing and proposing remediation plans

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.