Internal Audit Associate

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 16 Aug 17

See job description for details

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 to shareholders, while adhering to corporate-governance standards and legal and regulatory requirements. Internal Audit comprises 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 business processes, including systems development, application security and entitlements, production management, and technology governance. Both groups are responsible for understanding, analysing and testing the controls to protect the franchise.

The business teams are:

  • Corporate Audit – covers the Company Management functions, including Finance, Human Resources, Legal and Compliance.
  • Institutional Securities Audit - covers the Firm's Sales and Trading business and associated operations processes, Investment Banking and Research.
  • Risk Management Audit – covers Market, Operational, Credit and Quantitative Risk as well as the Firm's Treasury function.
  • Asset Management Audit - covers the Firm's retail brokerage business, Private Banking activities, Merchant Banking, Real Estate Investing and Traditional Assessment Management businesses and associated operations processes.

Primary Responsibilities

The candidate will work across the business audit teams to support completion of the Audit Plan as well as have the opportunity to support the regional COO.
Responsibilities include:

- Identifying and evaluating key risks and contributing to establishing audit scope.

- Participating in audit walkthroughs, assessing the internal control environment and performing controls and substantive testing.

- Identifying and assessing potential findings for significance.

- Communicating audit findings to the audit lead and assisting with finalisation of issues with key stakeholders in the business.

- Tracking implementation of management actions.

- Develop relationships with key stakeholders in the business.


Skills Required

Degree educated or equivalent.

- Qualified accountant holding a professional accounting or auditing qualification (ACA, ACCA, CIMA, IIA) or international equivalent preferred.

- Experience in financial services and knowledge of basic financial instruments and products preferred.

- Strong analytical skills. Ability to process information quickly.

- Excellent interpersonal and communication skills.

- Ability to work as part of a team

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.

The salary of this role is competitive.

The closing date for application is the 16/08/2017.