Morgan Stanley is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (WM), and Asset Management. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.
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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, achieve, and grow.
Department Profile:
The WM and U.S. Banks Financial Crimes Risk Team is embedded within the Firm’s business line. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types. The WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.
Responsibilities:
The Financial Crimes Risk Officer VP is responsible for supporting and executing the firm’s first line Financial Crimes program for WM and U.S. Banks. The role will be responsible for executing the strategic direction of the Financial Crimes programs and performing advisory, governance and other oversight responsibilities. This position will work closely with the Business, Compliance, and Audit stakeholders to ensure compliance with relevant Financial Crimes standards, policies, procedures and applicable laws and regulations. The role will have a particular focus on client exits and related governance/reporting.
The Financial Crimes Risk Officer VP will:
- Develop and deliver concise and effective presentations to senior leadership;
- Manage client exit framework including execution of key controls and related policy/procedure refinement;
- Assess new and existing clients in order to summarize key financial crimes risks and recommend action plans to further mitigate those risk;
- Coordinate escalations and cross-functional/cross divisional communications as necessary;
- Produce metrics related to governance efforts and certain client reviews;
- Support complex projects and initiatives related to assessing and mitigating the Firm’s exposure to financial crimes risk;
- Ensure first line compliance with all relevant financial crimes regulations, standards, and policies;
- Collaborate and engage with stakeholders including Business Leaders, Legal & Compliance, Risk, Technology, and Internal Audit.
Required Experience and Qualifications:
- 7+ years of relevant experience in BSA/AML or financial crimes within the financial services industry, or at a financial services regulator (e.g., Office of the Comptroller of the Currency, Federal Reserve Bank, FINRA, etc.);
- Have an undergraduate degree in Accounting, Business, Finance, or other related fields;
- Experience presenting to senior management;
- Experience preparing reporting and presentations for an executive audience;
- Experience performing Financial Crimes risk assessments for client relationships and other related Financial Crimes risk thematic reviews;
- Experience in supporting audit and regulatory inquiries and interactions.
Ability to:
- Operate with confidence and comfort in high-paced and high-profile environments;
- Analyze, summarize and communicate effectively, both verbally and in writing;
- Distill complex ideas and concepts into actionable items;
- Develop internal relationships, influence stakeholders, and build consensus;
- Prioritize assignments appropriately and action matters promptly;
- Demonstrate a strong work ethic as well as a high degree of integrity;
- Handle highly confidential information professionally and with appropriate discretion.
Additional Skills:
- Advanced knowledge and experience using Microsoft Excel and Microsoft PowerPoint
- Certified Anti-Money Laundering Specialist (CAMS) designation is a plus
- Fluency in other languages (Spanish and/or Portuguese) is a plus
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).