Wealth Management Compliance Tester

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.

Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm’s invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm’s businesses.

The Tester’s Responsibilities Include

• Assisting in the preparation of test planning memoranda
• Identifying and evaluating key risks and contribute to establishing test scope
• Leading walkthrough meetings and discussions with the purpose of developing test scope and identifying control issues
• Developing and executing testing in line with global monitoring and testing standards
• Maintaining detailed and organized documentation of work product
• Appropriately assessing potential findings for significance and root cause
• Drafting test reports; writing clear and concise findings
• Communicating test findings to Compliance testing Management and internal clients; assist with negotiating and finalization of findings and corrective action plans with senior management
• Tracking implementation of recommended corrective action plans, designed to strengthen internal controls, to completion
• Performing validation testing of new or updated controls
• Developing and maintaining strong working relationships with Business, Compliance, Legal, and Risk groups
• This role will conduct testing across the spectrum of the Wealth Management businesses, including but not limited to, Morgan Stanley Smith Barney (MSSB), E Trade Securities, Morgan Stanley At Work, etc.

Qualifications

• 5+ years of financial services industry experience
• Compliance Testing experience a plus
• FINRA licenses highly preferred
• Bachelor’s Degree or higher required
• Proficient in Microsoft Office (Excel, Word, PowerPoint)
• Strong interpersonal, communication, analytical, research, and organizational skills
• Ability to interact with diverse teams
• Ability to work and make independent decisions associated with Compliance testing protocols
• Excellent oral and written communication skills
• Time management and organizational skills
• Enthusiastic, self-motivated individual

Posting Date

Dec 27, 2022

Primary Location

Americas-United States of America-Maryland-Baltimore

Education Level

Bachelor’s Degree

Job

Compliance

Employment Type

Full Time

Job Level

Director