Internal Audit – Finance (Corporate Treasury) - Manager

  • Competitive
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • Morgan Stanley USA
  • 25 Apr 18 2018-04-25

Internal Audit – Finance (Corporate Treasury) - 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
Internal Audit is responsible for validating whether the firm operates in a controlled environment with appropriate risk management processes. Auditors evaluate the adequacy and effectiveness of the firm's internal controls using a risk based methodology developed from professional auditing standards. Internal Audit assists in monitoring the firm's compliance with internal guidelines set for risk management and risk monitoring, as well as external rules and regulations governing the industry. The team reports directly to the Board Audit Committee and helps verify whether the firm meets all of its fiduciary responsibilities ton shareholders, while adhering to corporate-governance standards and legal and regulatory requirements. Internal Audit is comprised of Business, Risk and Technology auditors. Business and Risk auditors focus on understanding the risks that the businesses face and the controls to mitigate those risks. Technology auditors focus on the application controls supporting the business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analyzing and testing the controls to protect the franchise.

Background on the Position
The Treasury audit team resides within the Finance audit team and reports to a senior member of the Finance audit group. The team's responsibility is to plan and coordinate year-round audit and audit-related work covering the Firm's Corporate Treasury function and the Liquidity Risk Department, working effectively with other Internal Audit staff in Finance, Risk, Business and Technology audit teams.


Primary Responsibilities
The Manager in this role will be responsible for:

• Performing Corporate Treasury audit reviews from planning through reporting within established budgets and the time frames for audit completion.
• Preparing audit planning documentation, participating in walkthroughs, and assessing the internal control environment through control and substantive testing.
• Evaluating the adequacy of design and effectiveness of key controls and potential business concerns by analyzing available documentation, asking insightful questions to identify root causes, drawing the appropriate conclusions and documenting the results of work performed.
• Developing and communicating audit findings to the Internal Audit lead auditor/manager and client management; assist with negotiating finalization of issues with client management.
• Reviewing work papers to ensure they meet internal quality assurance standards.
• Preparing follow-up meetings concerning open audit issues and regulatory findings.
• Participating in periodic continuous monitoring activities.
• Building credible relationships with clients in the Treasury functions and communicating effectively both orally and in written form.
• Gaining expertise in Treasury processes and performing both quantitative and qualitative analysis within Liquidity Risk Management and Funding.

Skills Required
• Three to six years of experience working in a bank or broker / dealer regulated environment.
• Prior experience performing walkthroughs and risk assessments of internal control environment, performing controls and substantive testing, documenting work performed, and developing audit findings, in accordance with internal quality assurance standards.
• General understanding of the financial services industry and the associated regulatory environment.
• Self-motivated, able to work independently, resolve challenging issues with innovative ideas, and demonstrate strong analytical, interpersonal, team-working and communication skills.
• Team player; able to articulate clearly and develop relationships.
• Prior experience with funding and liquidity risk management processes a plus.
• Knowledge of funding and liquidity regulatory rules a plus.

Education Requirements
• 4-year college degree in a business discipline (finance, economics, accounting)
• Master's degree in business administration, finance or risk a plus
• CPA, CIA, and /or FRM qualifications a plus. *LI-ND1