Internal Audit VP- Wealth Management

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 17 Oct 17 2017-10-17

Internal Audit VP- Wealth Management

Morgan Stanley Wealth Management (WM) is seeking a Vice-President to join its Internal Audit Division. The successful candidate will be responsible to provide support in connection with audits performed over Wealth Management businesses. The candidate should have an understanding of internal audit concepts and have an understanding of the overall wealth management business, including client suitability, sales practices, investment products, and broker-dealer operations. Additionally, the candidate should have effective time management, organizational, and communication skills. *LI-ND1

Qualifications:

Position Responsibilities:
• Manage audit staff by mentoring, providing subject matter expertise and conduct employee competency reviews.
• Perform annual audit planning and management of respective resources.
• Manage, analyze and evaluate the Firm's Wealth Management brokerage business focusing on client suitability, sales practices, products, investment advisory, and branch operations to evaluate the risk and control framework supporting the business. This includes, performing risk assessments for Wealth Management audit entity universe to help drive the risk-based audit plan.
• Execute the annual risk-based audit plan to provide appropriate coverage of retail brokerage activities. Manage the execution of the audit plan within departmental methodology, policies and standards. Work with Senior Management of the business and Internal Audit Department to vet audit issues and write and disseminate audit reports.
• Perform on-site retail branch audits in accordance with FINRA rules and regulations
• Provide management with an independent and objective evaluation of the control environment and evaluate management's control consciousness.
• Ability to travel when required (~15%). *LI-ND1