Morgan Stanley is a global financial services firm that conducts its business through three principal business segments - Institutional Securities, Wealth Management, and Investment 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.
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Department Profile:
The Investment Management (IM) 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 IM 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.
Primary Responsibilities:
The Data Governance and Oversight VP is responsible for executing the firm's first line Financial Crimes program for IM. The role will be responsible for ensuring adherence with Morgan Stanley Data Governance policies for IM and supporting BSA/AML data initiatives pertaining to IM. This position will work closely with Global Financial Crimes (GFC) stakeholders to ensure the business is compliant with all relevant Financial Crimes standards, policies, procedures and applicable laws and regulations.
The Data Governance and Oversight VP will:
- Establish and oversee the data governance framework for BSA/AML compliance, ensuring data integrity, quality, and accessibility across the IM organization.
- Develop and enforce policies, standards, and procedures for the effective management of BSA/AML-related data.
- Monitor and validate the accuracy and completeness of data used for BSA/AML risk assessments, transaction monitoring, and regulatory reporting.
- Collaborate with data management teams to established BSA/AML Critical Data Elements (CDEs) and to identify and address data quality issues, ensuring timely remediation.
- Ensure that BSA/AML data governance practices align with regulatory requirements, internal policies, and industry best practices.
- Oversee the integration of data governance into broader compliance and risk management frameworks.
- Partner with compliance, technology, legal, risk, and operations teams to ensure a consistent approach to data governance and oversight.
- Serve as the primary liaison between BSA/AML teams and data management stakeholders, facilitating clear communication and alignment.
- Develop and maintain key performance indicators (KPIs) and metrics to monitor the effectiveness of data governance practices.
- Prepare and present reports on data quality, governance initiatives, and compliance with regulatory requirements to senior leadership and compliance committees.
- Work with technology teams to implement tools and systems that support BSA/AML data governance, including data lineage tracking, metadata management, and analytics platforms.
- Leverage data analytics to enhance BSA/AML monitoring, reporting, and decision-making processes.
- Support regulatory inquiries, audits, and examinations related to BSA/AML data governance and oversight.
- Provide documentation, analysis, and insights to demonstrate adherence to data-related regulatory requirements.
- Develop and maintain policies and procedures for managing BSA/AML data, including data classification, retention, and access controls.
- Ensure policies are regularly updated to reflect evolving regulatory requirements and organizational needs.
- Design and deliver training programs to educate employees on data governance principles, responsibilities, and best practices related to BSA/AML compliance.
- Foster a culture of accountability and awareness for data governance throughout the organization.
- Stay informed of emerging trends, technologies, and regulatory developments in data governance and BSA/AML compliance.
- Drive innovation in data governance practices to enhance the organization's ability to manage risk and ensure compliance.
- Identify opportunities to streamline data governance processes and enhance operational efficiency.
- Lead initiatives to improve data management systems, tools, and workflows to support the evolving needs of the BSA/AML program.
Required Experience and Skills:
- 8+ years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)
- Have an undergraduate degree in Data Analytics, Statistics, Computer Science, Finance, Business, or a related field.
- Proficiency in analytical tools and programming languages (e.g., SQL, Python, R).
- Familiarity with AML software and systems (e.g., Actimize, Mantas, or similar tools).
- Experience with visualization tools like Tableau, Power BI, or similar.
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity.
- Implementation and execution of Financial Crimes Programs requirements
- Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
- Operate with confidence and comfort in high-paced and high-profile environments.
- Analyze, summarize and communicate effectively.
- Distill complex ideas and concepts into actionable items.
- Identify issues, investigate root causes and propose comprehensive solutions.
- Handle highly confidential information professionally and with appropriate discretion.
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.
- Knowledge of Financial Crimes regulatory requirements and expectations
- Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)
- Strong time management and planning skills
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
- Experience in supporting audit and regulatory inquiries and interactions.
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 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role will be between $140,000 and $200,000 per 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'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).