Business Risk Regulations, US Banks, Associate, Wealth Management
Top focus
Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments — Institutional Securities, Wealth Management (WM), and Investment Management. Our Financial Advisors focus on delivering timely, customized solutions and services that help clients meet their financial and life goals.
Our offer includes brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services. The Associate position is with US Banks 1st Line Business Risk.
The team has responsibility for the implementation of the Bank's Regulatory and Compliance programs in the Business Unit as the First Line of Defense. The role will be based out of Mumbai, India, and will be assisting various Regulatory Risk and Compliance programs for US Banks products and services.
Working in the team gives a fantastic opportunity to gain understanding of U.S. Banks regulatory environment. The individual will engage with different business groups, initiatives and work closely with Legal and Compliance personnel and other relevant stakeholders
Responsibilities
- Provide support on Regulation W matters within the U.S.
- Banks 1st line of defense Business Risk Transactions with Affiliates team, which helps oversee compliance with Sections 23A and 23B of the Federal Reserve Act.
- Support the review of proposed affiliate transactions with U.S.
- Banks Legal and Reg W compliance teams as needed; help ensure adherence to statutory limits, collateral usage, and market terms requirements in line with the Banks' policies and procedures.
- Drive end-to-end system enhancements including requirement sign-off, prioritization
- implementation tracking Collaborate with technology and data teams to maintain transparency and accuracy in tracking and reporting inter-affiliate transactions.
- Partner with Business Units on new business initiatives to highlight potential Reg W requirements and related controls.
- Coordinate activities related to Reg W Internal Audit and Second Line of Defense audit and testing.
- Qualifications & Skills Required: Bachelor's degree in finance, Accounting, Business, or a related field preferred
- equivalent experience will be considered. 3-5 years of experience in financial services, ideally with exposure to risk management or regulatory compliance.
- Demonstrated ability to lead end-to-end requirements: elicitation, documentation, traceability
- stakeholder sign-off Strong capability in data analysis and data-flow understanding across platforms, including data mapping, lineage, reconciliations
- control points Experience in querying and analyzing datasets, with the ability to perform data quality validation and independently investigate and resolve data issues General understanding of institutional banking products, balance sheet structures
- transaction booking models preferred.
- Good interpersonal, verbal, and written communication skills; comfortable interacting with colleagues and presenting to internal audiences.
- Proficiency with Microsoft tools; familiarity with data analytics or reporting tools and basic SQL knowledge is a plus.
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