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 ethic. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
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), Sanctions, Anti-Corruption, Anti-Tax Evasion, 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.
Want more jobs like this?
Get jobs in New York, NY delivered to your inbox every week.
You will be driving initiatives within our newly formed Forensic Analysis and Surveillance Tuning (FAST) team and assist the Head of GFC Strategy in advancing the GFS program while looking for opportunities to improve both effectiveness and efficiencies across the program. Building strong and innovating controls to address emerging risks with focus on horizon scanning.
As a member of the FAST team, you will be instrumental in shaping and executing Morgan Stanley's financial crime risk mitigation strategy. This high-impact role requires a deep understanding of financial crime compliance, advanced data analytics, and expertise in one or more the following domains: Transaction Monitoring, Customer Screening (e.g. Sanction, PEP, negative media, etc.) and Customer Risk Rating.
Specific Job Responsibilities Include:
- Strategy Development and Execution: Develop and implement comprehensive financial crime strategies that align with our firm's objectives and regulatory requirements.
- Develop and execute data-driven forensic analyses to identify patterns of suspicious activity and detection of complex typologies.
- Conduct in-depth investigations of forensic findings and escalate suspicious activities.
- Design and recommend new automated surveillance controls based on forensic insights and identified monitoring gaps.
- Review regulatory requests (e.g. subpoenas, 314(b) information sharing) to identify potential detection gaps.
- Develop and implement a process to review suspicious activity identified from sources outside of the automated transaction monitoring and screening controls (non-alerted) to identify opportunities to enhance detection and mitigate risk.
- Monitor and assess emerging financial crime risks and threats.
- Provide prioritized recommendations for tuning and optimization strategies for existing surveillance systems based on the forensic findings.
- Drive continuous improvement in all matters pertaining to the operation of the financial crime compliance program through the development, setting and delivery of the GFC strategy.
- Ensure current monitoring controls are functioning as intended and identify potential gaps in detection, coverage, or data.
- Enhanced Detection, User Experience and Investigation Capabilities: Drive initiatives to enhance detection of suspicious activity, and improve user experience of our financial crime tools and systems, enabling investigators to efficiently conduct complex investigations and visualize complex relationships between entities, such as enhancing the ability to identify and resolve entities (entity resolution) and analyze relationships in between
- Generative AI Applications: Explore potential to improve efficiency
Candidates Must Have:
- Bachelor's degree in Finance, Economics, Engineering, Data Analytics, Business Administration, or a related field; MBA or advanced degree preferred.
- Minimum of 8-15 years of relevant experience, preferably in financial crime compliance, risk management, or a related field within a global financial institution.
- Proven track record in developing and executing successful financial crime strategies
- Strong understanding of anti-money laundering (AML), sanctions compliance, and other relevant financial crime regulations.
- Experience with leading monitoring, screening systems, customer risk scoring and case management tools (e.g., Actimize, SAS, Oracle, Compliance Link, Bridger, RDC, etc.).
- Demonstrated expertise in data analytics, including tuning and optimization, and leveraging third-party data sources.
- Excellent analytical and problem-solving abilities with the capacity to interpret complex data and make strategic recommendations.
- Innovative mindset, challenging the status quo and a willingness to explore new technologies and processes to drive improvements in financial crime risk management.
- Strong ability to convene stakeholders to continuously execute GFC's forward strategy.
- Ability to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively.
- Highly motivated self-starter able to work independently while collaborating and coordinating as part of a global program.
- Professional certifications such as CAMS, CFE, or equivalent is preferred.
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 $165,000 and $275,000 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).