SOX Associate - part qualified

  • Location

    Glasgow City

  • Sector:

    Financial Services, Practice, Industry

  • Job type:

    Full Time

  • Contact:

    Cath Lawrie

  • Contact email:

    cath.lawrie@morganstanley.com

  • Job ref:

    3138251

  • Published:

    27 days ago

  • Expiry date:

    2019-12-18

  • Client:

    Morgan Stanley Glasgow

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 1,500 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 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.

 

Team Profile:

The role will reside within the Finance Division, under the Finance Risk and Assurance function that supports the Morgan Stanley Sarbanes Oxley 404 (SOX) program and overall Finance Risk agenda. SOX is a significant regulatory requirement, which requires management to document, assess and make representations about the effectiveness of its internal control structure surrounding financial reporting. Participation in this requires understanding of internal control activities, interpretation of the regulation and coordination of activities across the division.

The broader Finance Risk agenda includes, but is not limited to, governance of the Global End User Computing (EUC) procedures, Risk & Control Self-Assessment (RCSA) governance and reporting, FDIC Improvement Act (FDICIA) testing, SEA 17a-5 Broker-Dealer Compliance Program, and other operational risk related topics. This dynamic position offers the candidate an exceptional opportunity to gain exposure and learn various processes across the Finance division.

 

Primary Responsibilities:

The ideal candidate possesses banking/financial services experience, with a focus on internal controls. Additionally, the candidate should have knowledge of project management, process flow mapping, design and documentation of controls, risk assessment, and the ability to interact effectively with all levels of management via superior communication (written and oral) skills.

  • Identify, document and assess key controls across Finance and Operations, as well as work with the business areas to institute proper controls and remediation strategies
  • Communicate findings and recommendations to management, determine root causes, obtain management's action plan for remediation in a timely manner and track findings through resolution
  • Develop and manage working relationships with key stakeholders, including Risk Managers and Business Process owners
  • Assist in the development and rollout of scoping methodology, testing strategy, and integrated SOX and operational risk framework
  • Track metrics and coordinate reporting to project working groups, steering committees, senior management and external auditors
  • Document control deficiencies which are clear, concise and provide value to management
  • Comfortable with documenting front-to-back process and product flows
  • Able to identify gaps between implemented controls and key risks and recommenced remediation actions
  • Analyse any changes to internal business processes and/or accounting standards to assess the potential risks and impacts to controls in place
  • Assist in various ad-hoc and broader Finance Risk agenda topics

 

Skills Required:

  • Part qualified accountant
  • Bachelor’s degree in Finance or Accounting with experience in financial services, banking or Big 4 consulting
  • Extensive knowledge of the internal control framework (specifically COSO) and a solid understanding of the concepts of control design and operational efficiency
  • Proven understanding of testing methodologies and processes
  • Strong knowledge of SOX requirements and ability to assist with documentation of Finance process controls to support operational as well as SOX compliance audits, including performing walkthroughs and developing process flow charts
  • Excellent analytical, technical and problem solving skills with strong attention to detail
  •  Critical dependency on strong oral and written communication skills, with the ability to communicate with key stakeholders and Senior Management
  • Intellectual curiosity with a focus on information sharing
  • Strong relationship building skills
  • Ability to understand and document banking product concepts
  • Proficiency with data management, End User Computing Tools (spreadsheets and databases) and other standard computing applications (PowerPoint and Word)
  • Flexibility to constantly learn and adapt in a fast-paced environment
  • Time management and organizational skills enabling the achievement of tight deadlines on multiple concurrent tasks

 

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. *LI-SW1

 

Learn more about our culture and the opportunities for professional growth at Morgan Stanley in Glasgow on our LinkedIn page and Youtube channel.

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 1,500 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 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.

 

Team Profile:

 

The role will reside within the Finance Division, under the Finance Risk and Assurance function that supports the Morgan Stanley Sarbanes Oxley 404 (SOX) program and overall Finance Risk agenda. SOX is a significant regulatory requirement, which requires management to document, assess and make representations about the effectiveness of its internal control structure surrounding financial reporting. Participation in this requires understanding of internal control activities, interpretation of the regulation and coordination of activities across the division.

 

The broader Finance Risk agenda includes, but is not limited to, governance of the Global End User Computing (EUC) procedures, Risk & Control Self-Assessment (RCSA) governance and reporting, FDIC Improvement Act (FDICIA) testing, SEA 17a-5 Broker-Dealer Compliance Program, and other operational risk related topics. This dynamic position offers the candidate an exceptional opportunity to gain exposure and learn various processes across the Finance division.

 

Primary Responsibilities:

 

The ideal candidate possesses banking/financial services experience, with a focus on internal controls. Additionally, the candidate should have knowledge of project management, process flow mapping, design and documentation of controls, risk assessment, and the ability to interact effectively with all levels of management via superior communication (written and oral) skills.

 

- Identify, document and assess key controls across Finance and Operations, as well as work with the business areas to institute proper controls and remediation strategies

- Communicate findings and recommendations to management, determine root causes, obtain management's action plan for remediation in a timely manner and track findings through resolution

- Develop and manage working relationships with key stakeholders, including Risk Managers and Business Process owners

- Assist in the development and rollout of scoping methodology, testing strategy, and integrated SOX and operational risk framework

- Track metrics and coordinate reporting to project working groups, steering committees, senior management and external auditors

- Document control deficiencies which are clear, concise and provide value to management

- Comfortable with documenting front-to-back process and product flows

- Able to identify gaps between implemented controls and key risks and recommenced remediation actions

- Analyse any changes to internal business processes and/or accounting standards to assess the potential risks and impacts to controls in place

- Assist in various ad-hoc and broader Finance Risk agenda topics

 

Skills Required:

 

- Bachelor’s degree in Finance or Accounting with experience in financial services, banking or Big 4 consulting

- Extensive knowledge of the internal control framework (specifically COSO) and a solid understanding of the concepts of control design and operational efficiency

- Proven understanding of testing methodologies and processes

- Strong knowledge of SOX requirements and ability to assist with documentation of Finance process controls to support operational as well as SOX compliance audits, including performing walkthroughs and developing process flow charts

- Excellent analytical, technical and problem solving skills with strong attention to detail

- Critical dependency on strong oral and written communication skills, with the ability to communicate with key stakeholders and Senior Management

- Intellectual curiosity with a focus on information sharing

- Strong relationship building skills

- Ability to understand and document banking product concepts

- Proficiency with data management, End User Computing Tools (spreadsheets and databases) and other standard computing applications (PowerPoint and Word)

- Flexibility to constantly learn and adapt in a fast-paced environment

- Time management and organizational skills enabling the achievement of tight deadlines on multiple concurrent tasks

 

- Strong knowledge of SOX requirements and ability to assist with documentation of Finance process controls to support operational as well as SOX compliance audits, including performing walkthroughs and developing process flow charts

- Strong knowledge of SOX requirements

 

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. *LI-SW1

 

Learn more about our culture and the opportunities for professional growth at Morgan Stanley in Glasgow on our LinkedIn page and Youtube channel.