Internal Audit Director – Fixed Income (Lending)
Morgan Stanley is hiring an Internal Audit Director – Fixed Income (Lending) in New York, United States. It pays $108k a year and Level rates it ; you can apply on Morgan Stanley.
Level's read on this job
- Little AI ●○○○ is how Level rates this role: aI is not part of the work.
- Tools and skills the posting cites include internal audit, risk management and compliance.
- Level classifies it as an executive role.
- Level lists 1,200+ other open roles at Morgan Stanley.
- The role was posted within the past two weeks.
AI in this role
Lead risk and control evaluations and internal audits for institutional securities lending businesses.
We're seeking someone to join our team as a Director to evaluate risks and controls across the Institutional Securities Group (ISG) Lending businesses, providing independent assurance over a diverse range of products, processes, and strategic initiatives.
The Internal Audit Division (IAD) drives attention and resources to vulnerabilities by providing an independent and well-informed view and impactful messages about the most important risks facing our Firm. This is accomplished by performing a range of assurance activities to independently assess the quality and effectiveness of Morgan Stanley’s system of internal control, including risk management and governance systems and processes. IAD serves as an objective and independent function within the Firm’s risk management framework to foster continual improvement of risk management processes. This is a Director level position within Business Audit, which is responsible for inspecting controls in front, middle and back offices.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
Location: New York, NY (4x per week in office)
What you'll do in the role:
- Help identify risk and impact to relevant coverage area to prioritize areas of focus
- Execute and lead aspects of assurance activities (e.g., audits, continuous monitoring, closure verification) to assess risk and formulate a view on the control environment
- Facilitate conversations with stakeholders on risks, their impact and how well they are managed in a clear, timely and structured manner
- Assist in managing multiple deliverables in line with team priorities
- Solicit and provide feedback and participate in formal and on-the-job training to further develop self and peers
What you'll bring to the role:
- Understanding of business line and key regulations relevant to Lending coverage area
- Strong understanding of audit principles, methodology, tools, and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)
- Effective change and project management techniques to support teams in adapting new ways of working
- Ability to identify and analyze multiple data sources to inform point of view
- Ability to ask meaningful questions, understand various viewpoints and adapt messaging accordingly
- A commitment to practicing inclusive behaviors
- Ability to leverage and analyze data using tools and technology like Gen AI, Alteryx, Power BI to form data driven views and provide actionable insights
- At least 4 years' relevant experience would generally be expected to find the skills required for this role
- Relevant certifications (i.e., CIA, CFA, CPA, CIDA, etc.) preferred
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $108,000 and per$154,500 year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
How we rate this
Internal Audit Director – Fixed Income (Lending) at Morgan Stanley rates 0 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Questions you could be asked
- Tell me about a project where internal audit was part of your work. What did you do?
- Tell me about a project where risk management was part of your work. What did you do?
- Tell me about a project where compliance was part of your work. What did you do?
- Tell me about a project where fixed income was part of your work. What did you do?
- Tell me about a project where lending was part of your work. What did you do?
Adapt your resume
- List these exact terms on your resume: Internal Audit, Risk Management, Compliance, Fixed Income, and Lending. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
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