About Morgan Stanley:
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.
About Global Financial Crimes:
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.
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The GFC Monitoring and Screening Controls team is a central program management team of specialists and experts responsible for managing complex, cross-functional initiatives as well as the development, enhancement and governance of technology controls that support the Firm's AML, KYC and Sanctions obligations. The remit of the team includes suspicious activity/AML transaction monitoring, sanctions screening, negative news and politically exposed persons (PEP) screening, customer activity reviews and the Enterprise Customer Risk Ranking (ECRR) program.
The GFC KYC Controls Officer reports to the Head of Customer KYC Controls within the GFC Monitoring and Screening Controls group.
Your Key Responsibilities:
- Assist with development and optimization of the ECRR, Negative News, and PEP screening program to meet new or evolving regulatory requirements, industry best practices and Firm/GFC risk tolerances.
- Work with partners in engineering to draft requirements and user stories, conduct business analysis exercises and assist in the prioritization of product backlog items
- Stay up to date on regulatory developments related to financial crime screening such as ensuring models comply with global regulatory expectations such as those from FATF, FinCEN, OFAC, FCA, and other relevant authorities.
- Support the business-as-usual processes related to ECRR, Negative News, and PEP screening, including executing administrative tasks and coordinating configuration and reference data updates within the system.
- Conduct ongoing monitoring of the ECRR, Negative News, and PEP screening model and partner with the Model Risk Control Team to perform root-cause analysis of anomalies.
- Serve as a point of contact for GFC Advisory, Risk, and Onboarding Teams, to respond to inquiries and provide advice regarding model/screening functionality and user interface.
- Communicate model and UI enhancements, conduct UAT and coordinate training (create, implement, and maintain procedural training documents) to users and stakeholders
- Collaborate with colleagues and Business Partners to prepare for regulatory inquiries/exams and internal exams (e.g., Internal Audit) and support post-exam action plans.
- Assist with the creation of periodic metrics related to model output overrides for identification of themes and presentation to Business and GFC partners.
- Coordinate and execute required activities to attain and maintain compliance with Model Risk Management requirements (e.g., reviewing and analyzing outputs of inputs/outputs monitoring, making updates to model documentation, liaising with divisional Model Risk Control teams for administration tasks)
- Maintain awareness of current industry rules, regulations, and best practices regarding customer risk ranking.
- Assist with screening tuning and threshold setting while exploring advancements in AI Automation to enhance screening and model capabilities
What We're Looking for in You:
- 8+ years relevant work experience, preferably at a large/complex financial institution
- Experience or understanding of Know Your Customer (KYC) obligations and customer onboarding processes in the financial industry
- Technology savvy with ability to quickly learn new systems and tools, and to identify and implement enhancements
- Familiar with Agile methodology and relevant productivity software such as Jive, Jira, SQL, and Tableau
- Experience with engaging senior stakeholders across technology and the business
- Proven ability to take ideas forward and to challenge others with integrity and maturity
- Strong organizational skills and an ability to manage multiple demands and changing priorities
- Exceptional written and verbal communication skills, attention to detail, and time management
- Ability to perform analysis, identify problems, and design solutions in a collaborative manner within a fast-paced environment
- Outstanding judgement, analytical skills, and critical thinking, including ability to analyze data to draw conclusions/themes and think strategically about presentation of materials
- Ability to work in a proactive and self-directed way with minimal direction and task management
- Understanding of statistical models and data analysis
- Strong interpersonal and teamwork skills
- Excellent MS Office skills, including Excel, PowerPoint, and Teams
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 in New York will be between $90,000 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).