FCRC Vice President (IBD/GCM)
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 ethics. 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.
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Department Profile
The Financial Crimes Risk ("FCR") Team is embedded within the Firm's business line. It is responsible for identifying, assessing, and escalating potential financial crimes risk issues associated with higher risk client types. The FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.
This role focuses on the financial crime obligations associated with the Firm's Investment Banking and Global Capital Markets businesses.
Primary Responsibilities
- Provide financial crime advisory support to IBD/GCM stakeholders relative to proposed transactions.
- Effectively develop and communicate a first-line risk view with respect to clients, counterparties, and/or transactions
- Review EDD Profile and documentation (including all screening results) to evaluate the relevant risk factors driving the higher risk rated customers and document analysis, including rationale to approve or decline customer and draft summary statement.
- Review risk-relevant matters associated with prospective clients identified during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information.
- Assist in the review and approval of 'New Product Approval' requests.
- Facilitate timely completion of the KYC refresh process across all risk rankings.
- Prepare periodic reporting for senior stakeholders.
- Challenge existing systems and processes, looking for enhancements and efficiencies where possible.
- Support work on other special projects, as needed.
- Represent the ISG FCRCO Team in relevant governance forums
- Provide supervisory support and training for FCRO Associates and Analysts through developing individual and team skills and providing timely, constructive feedback.
- Role will require in office attendance 4 days/week.
Qualifications
Experience Required:
- Professional experience in a financial crimes/anti-money laundering group (or similar) at a financial institution
- Professional experience in investment banking (e.g. M&A advisory) and capital markets (e.g. debt equity underwriting products) strongly preferred
- Bachelor's degree or equivalent
Skills Required:
- Strong analytical skills to identify and assess relevant AML risks including all screening results
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing
- Intermediate to Advanced knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access)
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
- Working knowledge of local AML Rules and Regulations would be advantageous (although not essential, initially)
- Strong knowledge of business, products, operations, systems and organization
- Ability to leverage investigative or due diligence skills to work on complex files
- Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment
- Ability to:
- Multitask effectively, identify priority matters and action promptly
- Work independently and in a team environment
- Handle highly confidential information with appropriate discretion
- Work in a matrixed organization, leveraging resources across the organization to complete deliverables
- Work in a high volume, fast paced environment
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.
Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement
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 maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.