Internal Controls Manager

  • Competitive
  • Glasgow, Scotland, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 16 Aug 17

See job description for details


MORGAN STANLEY

If you’re looking for a firm that can provide you with a challenging role and long term career development opportunities then read on. We have built a world class reputation for quality and service and the talent and passion of our people has been critical to our success. We provide a strong foundation for building a professional career – a place for people to learn, to achieve and to grow. Together we share a common set of values rooted in integrity, excellence and a strong team ethic.

ABOUT US

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.

The Finance Division globally reports to the Chief Financial Officer and consists of some 3,000 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.

Glasgow Profile:

Morgan Stanley’s Glasgow office employs in excess of 1,300 staff across Operations, Technology, 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.

The Glasgow Finance team is over 220 strong and spans a wide range of functions including: Product Control; Market Risk Control; Liquidity Control; Treasury Currency Management; Compensation Control; Tax; Legal Entity Control and Governance; Accounting Advisory Services; General Ledger Governance; Regulatory Reporting and Finance Risk. The variety and scope of our opportunities across all levels allows our employees to enjoy fulfilling and challenging long-term careers. In order to maintain this we require finance professionals of all levels, both qualified and non-qualified, who are committed to working in a challenging and ever evolving industry. For non-qualified candidates we actively support a number of professional qualifications.

Team Profile:

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, and Valuation Review.

Global Corporate Controllers and Planning (GCCP) is the global centre of expertise and leadership for accounting, compensation, policy, reporting, financial risk and control. The Finance Division’s Risk and Information Security and Control team (FinRISC) within GCCP is represented in our Glasgow, London, New York, Tokyo and Hong Kong offices performing an oversight, governance and execution role in relation to the Finance division in support of the Firm’s operational risk programs and objectives. The group interacts across all areas of Finance, Firm Operational Risk Department, the Front Office, Internal Audit as well as Operations, providing accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure.

Morgan Stanley’s Finance Risk & Information Security Standards and Control (FinRISC) team is recruiting a Manager to support the Sarbanes Oxley 404 (SOX) program and the overall FinRISC agenda, which includes but not limited to the support of the Segregation of Duties (SoD) review process, Finance Risk Lead meeting coordination, and Finance Policy reviews. 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 organizational skills.

JOB DESCRIPTION, SKILLS REQUIRED AND SKILLS DESIRED

Responsibilities Include but are not limited to:

- 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 of 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

- Analyze ICFR related issues to assist in the determination of Significant Deficiencies or Material Weaknesses

- Execute quality assurance reviews over SoD conflicts and provide alternatives to resolve conflicts based on results

- Provide support to FinRISC management in relation to Finance policies


Qualifications:


Skills Required:

- Hold a professional accounting qualification (CA, CIMA, ACCA or equivalent)

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

- Proven understanding of testing methodologies and processes

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

- Critical dependency on strong oral and written communication skills

- Ability to understand and apply complex concepts

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

- Flexibility to adapt to a new and changing environment

- Time management skills to meet deadlines on multiple concurrent tasks

- Proven experience in supporting the implementation of a testing framework

Skills Desired:

- Experience in risk and control environment (SOX or Operational Risk), including control design and testing

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-EM3