Basel Validation Senior Manager

  • Competitive
  • New York, NY, USA New York NY US
  • Permanent, Full time
  • Morgan Stanley USA
  • 22 Mar 18 2018-03-22

Basel Validation Senior Manager

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
The Finance Division 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 Firmwide 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.

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.

We are currently looking to hire a Senior Manager in the Finance Division?s Risk, Information Security and Control Group (FinRISC), specifically into the Regulatory Reporting Quality Assurance team (RRQA). The FinRISC group is represented in our New York, Glasgow, London, 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 while furthering the risk management culture and infrastructure. The RRQA team works collaboratively across New York and Glasgow to satisfy both the US and UK Basel III frameworks.

The RRQA Senior Manager will work to promote completeness, accuracy and validity of regulatory reporting data quality by independently validating Basel III processes and controls from transaction capture through to regulatory reporting. Products subject to review may include derivatives, secured financing transactions, loans, securitizations, debt and equity.

Primary Responsibilities
- Assessing the internal control environment by conducting walkthroughs and performing control and sample data testing
- Validating transaction capture through regulatory reporting processes
- Analyzing identified issues for their impact on capital and other upstream and downstream processes or systems, as well as communicating and escalating observations
- Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process
- Cultivating relationships across the Finance organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology, Credit Risk, and Market Risk
- Monitoring, tracking and reporting project progress to Senior Management
- Leads the professional development of staff


- Prior experience in a line role or supporting a finance or reporting function
- Ability to organize and present data in a meaningful way, including analyzing and summarizing detailed information from various sources
- Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts
- Strong quantitative and qualitative analytical skills
- Ability to multi-task, adapt, and work well under pressure
- Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues
- Ability to create and manage detailed project plans including managing interdependencies
- Advanced Excel, Word, and PowerPoint skills
- Sense of ownership and accountability for work
- Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking
- Proactive and recognized as a leadership role model, consulted often by others for advice and opinions
- Prior audit or consulting experience
- Minimum 7+ years of experience

Skills desired
- Understanding of the Basel Framework and/or regulatory reporting
- Experienced with testing and proposing remediation plans