Senior Manager - Bank Auditor, Internal Audit

Job Description

The Bank is an integral part of Morgan Stanleys strategy for expansion and profitable growth in its core businesses. MSBNA provides commercial lending and financing to large US and Global institutional borrowers as part of Morgan Stanley s Institutional Securities Group s (ISG) offering. Its lending activities include short-term secured and unsecured lines of credit, revolving credits and term loans to companies for specific purposes, such as financing acquisitions and normal operating activities, commercial real estate lending, warehouse financing, and non-purpose securities-based lending. The Bank s trading activities are primarily comprised of certain loans and investments. The Bank accepts deposits, which are principally used to fund these lending activities and invest in securities. 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 to 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.QUALIFICATIONS Primary Responsibilities The Auditor s responsibilities include but are not limited to:Identify and assess areas of critical and high risks and evaluate the soundness of their controls as part of audits, continuous monitoring and closure verification work in order to formulate a point of view of the control environment Drive discussions and asks probing questions to further dialogue with senior business stakeholders to understand risk drivers, control state, and impact Plan and execute audits, continuous monitoring and closure verification work on sales, trading and support groups on time and within budgets. Provide guidance to junior staff as needed. Proactively monitors and address key metrics associated with audit plans, resources and issues and actions. , * Skills required Good understanding of the operation of financial markets, financial instruments and strategies Good understanding of Institutional, commercial lending, relevant banking products / services, fixed income products, and associated regulatory requirements and risks Knowledgeable of key compliance requirements driven by various regulatory guidelines include but not limited to are: Compliance Heightened Standards (12 CFR part 30 Appendix D) requirements, liquidity and capital requirements, and Compliance with Safety and Soundness standards (12 CFR 37.8) Demonstrates critical thinking by gathering and synthesizing information to form a basis for analysis and formulate a viewpoint Communicates with impact, able to state risk and issues concisely and articulates impact in a structured manner both written and verbally Ability to work independently and with a team on assignments, while multi-tasking and meeting deadlines Enthusiastic, self-motivated, strong interest in learning, effective under pressure and willing to take personal responsibility/accountability 4 year college degree Skills desired 8+ years audit experience, primarily in financial markets Good understanding of consumer compliance regulations include but are not limited to Truth in Lending Act (TILA), Fair Credit Reporting Act (FCRA), Fair Lending, Flood Disaster Protection Act, and Community Reinvestment Act (CRA) Preferably CPA, CIA or other accounting qualification

Keyskills :
financesalesltdmisaccountancylines of creditreal estate lendingcommercial real estatecommunity reinvestment actkey metricsfixed incomeinternal auditsupport groups