Internal Audit Business Manager – Vice President Internal Audit Business Manager – Vice President …

Morgan Stanley
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Jul 19
Morgan Stanley
in London, England, United Kingdom
Permanent, Full time
Last application, 17 Jul 19
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.

Role Overview
Internal Audit is seeking a Business Manager for the EMEA region. The Business Manager has primary responsibility for reviewing and managing changes to the audit plan, maintaining the team’s schedule for resource deployment, conducting analysis on global resource utilisation and overseeing adjustments. The Business Manager supports strategic planning, talent management and operations initiatives. The Business Manager will enable effective capacity management for the region and timely and effective delivery of work across IAD. In addition, the Business Manager is responsible to support Regional IAD Management with preparation of regional presentations, for example to regulators, the Audit Committee or other internal stakeholders.

Primary Responsibilities

  • Audit Planning: Coordinate annual audit planning and semi-annual review, including travel/training/consulting budget; Identify and coordinate updates to rolling quarterly Audit Plan, and budgets; Monitor and report on Audit Plan execution and issue closure verification status.

  • Board and Management Reporting: compilation of ad hoc and periodic reporting to senior stakeholders, particularly IAD’s quarterly Audit Committee reporting and other Legal Entity reporting. This includes liaison with IAD Senior Team to compile statistics and narratives supporting content, identify themes and trends and articulate IAD’s point of view, taking into account different legal entity obligations.

  • Resource Management: Assess headcount needs; Review resource requirements and assist with recruitment processes; Maintain accurate and detailed resource schedule/forecasts and analyse data; assist with development and implementation of policies, processes and tools to implement enhanced resource management capabilities.

  • Talent Management: Help identify talent development needs and facilitate talent assessment, engagement, training, certification, onboarding and recognition award activities.

  • Operations: Participate in meetings with other Regional/Functional Business Managers and support and coordinate relevant initiatives and communications.


Skills required

  • A general understanding of internal audit processes, particularly key risk and control identification and evaluation.

  • A proficient understanding of the financial services industry and the associated regulatory environment.

  • Self-motivated, flexible and able to work independently with an eye for detail.

  • Advanced knowledge of Microsoft PowerPoint and Microsoft Excel.

  • Ability to handle multiple projects while meeting deadlines with minimal supervision.

  • Strong analytical, interpersonal, communication and project management skills.

  • Good influencing skills with an ability to champion and foster change.

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.