Internal Controls Analyst (Financial Risk SOX Team)

About the position Internal Controls Analyst (FinRia SOX team) Glasgow JR026146 Morgan Stanley's Finance Risk & Assurance (FinRiA) team is recruiting an Associate to assist in the the Sarbanes Oxley 404 (SOX) program and the overall FinRiA agenda, which includes but not limited to the support of the Risk Control Self-Assessment (RCSA) oversight and EUC governance. 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 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 and the ability to interact effectively with all levels of management and superior communication (written and oral) and organisational skills. In the Finance division, we act as a partner to business units around the globe by providing management, review, analysis and advisory services of the Firm’s financial and capital resources. This is an Associate within our Risk, Assurance, Governance & Control job family which provides oversight and monitoring of operational risk or third party/outsourcing for the global Finance division, validation and testing of financial and regulatory reports and reinforcement of regulatory requirements, policies and procedures. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Responsibilities

• Oversee the identification, documentation and assessment of 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.
• Document control deficiencies which are clear, concise and provide value to management.
• Able to identify gaps between implemented controls and key risks and recommenced remediation actions.
• Able to perform controls testing, including assessing the design adequacy and operating effectiveness of controls.
• Capable of applying testing methodologies and processes to evaluate controls effectively.
• Able to support the implementation of a testing framework, ensuring consistency and compliance with standards.

Requirements

• Excellent analytical, technical and problem solving skills with strong attention to detail.
• Strong oral and written communication skills.
• Ability to understand and apply complex concepts.
• Flexibility to adapt to a new and changing environment.
• Time management skills to meet deadlines on multiple concurrent tasks.
• Bachelor's degree in Finance or Accounting
• Professional accountancy qualification preferable Nice-to-haves
• Experience in risk and control environment (SOX or Operational Risk), including proven controls testing experience e.g. testing of the design adequacy and operating effectiveness of controls (preferable) Apply tot his job

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