About the Firm
Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.
About the Division
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.
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About the Role
The Financial Crimes Risk Officer VP is responsible for supporting and executing the firm's first line Financial Crimes program for IM. The role will be responsible for supporting the strategic direction of the Financial Crimes programs and assisting with governance and oversight responsibilities. This position will work closely with the business, the second- and third-line stakeholders to ensure the business is compliant with all relevant Financial Crimes standards, policies, procedures and applicable laws and regulations.
Key Responsibilities
- Assist to implement the firm's Financial Crimes program requirements and controls, helping to develop guidance and procedures for the first line
- Provide subject matter expertise guidance and training to the first line, including escalations review
- Ensure first line compliance with all relevant Financial Crimes regulations, standards, and policies
- Implement Financial Crimes risks initiatives that arise for the first line in the IM business
- Support and assist with the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by second line
- Monitor and report on Financial Crimes-related activities for the first line
- Strive to support Financial Crimes risk management processes through thematic coverage (latent & emerging risk), execution of heightened risk and high-risk portfolio reviews.
Qualifications, Skills & Requirements
- Handle highly confidential information with appropriate discretion
- Direct and drive senior stakeholders towards a common goal and high EQ
- Operate with confidence and comfort in high-paced and high-profile environments
- Demonstrate prior experience and expertise with large scale organizational buildouts, remediations, high profile matters to senior management, Board and regulators
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
- Deep knowledge of Financial Crimes regulatory requirements and expectations (domestic and international)
- Strong time management and planning skills
- First Line Risk & Controls, Compliance or Audit experience
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing
- Experience in supporting audit and regulatory inquiries, senior management, and consultants
- 5+ 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 Business, Finance, or other related fields
- Strong work ethic as well as a high degree of integrity
- Expertise in implementing and executing on Financial Crimes Programs requirements
- Expertise in international Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes