Internal Auditor - Credit Review - Vice President

Morgan Stanley ,
London, Greater London
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Internal Auditor - Credit Review - Vice President 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 Morgan Stanley's Internal Audit Department reports to the Firm's Board Audit Committee and comprises business, technology and risk auditors. Our mission is to be recognized as a strong and high performing audit function that is viewed as a trusted authority and advisor to the Board, Firm management and industry regulators in assessing and strengthening the Firm's control environment. Internal Audit provides independent assurance on the quality and effectiveness of Morgan Stanley's internal control, risk management and governance systems and processes. 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. Both groups are responsible for understanding, analysing and testing the controls to protect the franchise. Background on the Position Experienced credit risk professional with a good understanding of auditing for the Credit Review group. The person in the role will assist the Internal Audit department's Credit Review team in completing its annual audit plan, communicating to senior management and the Board Audit Committee those areas requiring control enhancements and providing recommendations for improvements. Credit Review function has a global responsibility to evaluate the quality of the Firm's credit process and opine on the quality of the credit portfolio. Credit Review covers all aspects of the Firm's credit process, including but not limited to: - Appropriateness of internal credit ratings - PD, LGD and Loan Modifiers - Quality of underwriting and credit analysis - On-going monitoring of credit exposures and portfolio management. - Adequacy of and adherence to Credit policies and procedures, and regulatory guidance Primary Responsibilities - Manage all aspects of credit reviews including planning, fieldwork and reporting. - Participate in credit reviews by documenting independent analyses for assigned credits. - Monitor assigned credit portfolios to identify emerging risks / trends. - Perform periodic risk assessments for assigned portfolios. - Perform closure verification for internal issues as well as regulatory matters. - Liaise with regulators from the PRA/FCA/ECB and others as needed. Qualifications Skills required - the successful candidate will have: - Sound credit skills, preferably having worked as a credit analyst in a major bank /financial institution or rating agency. Bank credit training is a plus. - Ability to perform credit analysis of various obligor types - large corporations, Banks, financial institutions, commercial real estate, securitizations, sovereigns etc. - Ability to work in small teams to support the broader audit function by leveraging their knowledge to the best use of the Firm. - Build credible relationships with personnel in the Credit Risk Management function - Sound understanding of the EMEA regulatory requirements and guidance applicable to credit related matters, including rating credit risk, counterparty credit risk, commercial real estate, leveraged lending, asset-based lending, allowance for loan loss reserves; and an overall understanding of the OCC and FRB guidelines - Ability to manage projects, including supervise and mentor junior staff, and review work papers to ensure they meet internal standards and complete audits within time budgets. - Ability to assess potential findings for significance. - Good writing skills to draft audit reports with clear and concise findings. - Follow up actions quarterly with clients through to completion Education & Experience: - Bachelor's degree, MBA or Advanced certification in Finance / Risk preferred. - Extensive work experience, primarily in large banks, or financial institutions Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more. 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

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