Job Description

Financial Crimes Risk Governance Assistant Vice President

Morgan Stanley is a global financial services firm that conducts its business through three principal business segmentsInstitutional Securities, Investment Management, and Wealth Management (inclusive of Morgan Stanley Private Bank, National Association (MSPBNA) and Morgan Stanley Bank, NA - collectively, the "U.S. Banks"). 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.

The U.S. Banks Financial Crimes Risk (FCR) 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 U.S. Banks 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.

The U.S. Banks FCR Governance Assistant Vice President (AVP) is responsible for supporting and executing the Firm's First Line Financial Crimes program for WM and U.S. Banks. The role will be responsible for executing the strategic direction of the Financial Crimes programs and performing advisory, governance, and other oversight responsibilities. This position will work closely with the business, Second Line (Global Financial Crimes) and Third Line (Internal Audit) stakeholders to ensure the business is compliant with relevant financial crimes standards, policies, procedures, and applicable laws and regulations.

The Financial Crimes Risk Governance Program Management AVP will:

• Provide support to US Banks FCR Governance Leads in the oversight of:
• Bank Know Your Customer (KYC) and Customer Due Diligence (CDD) programs across the US Banks (inclusive of the Retail Bank (Advised and Digital Channels) and Institutional Bank)
• Bank BSA/AML Sanctions processes within the first line that are independent of 1L FCR (such as Currency Transaction Reporting (CTR) Filings, Fraud Operations, and transaction monitoring)
• Bank process and strategic program design enhancements and transformation initiatives across the Retail Bank and Institutional Bank
• Internal and external testing and examinations of the BSA-AML and Sanctions program
• Develop and maintain subject matter expertise and understanding of process flows, procedures, and policy requirements governing the US Banks KYC, CDD, and other BSA AML and sanctions program functions
• Provide support in periodic internal front-to-back assessments of Bank KYC, CDD, and other BSA/AML program functions to understand program risks/inefficiencies and drive and oversee remediation, where applicable
• Attend Working Group forums held by the first line, second line, and Banking Business Units to ensure ongoing insight into regulatory, internal audit, and program testing plans, metrics (inclusive of key performance and risk indicators governing business performance), program risks (current and emerging), efforts and concerns, and escalation items
• Support First Line Advisory responsibilities for regulatory exams, issues, and actions and related testing engagements as follows:
• Support US Banks FCR Governance Leads in the collaboration and compilations of Day 1 Letter responses to regulators
• For regulatory follow-up requests, maintain oversight of the responses, ensuring accuracy and completeness (will require collaboration across senior management in 1L FCR, GFC, applicable business units, and Internal Audit, as needed)
• Collaborate with First Line WM and IM Issue Management Team to ensure awareness and oversight of all Bank issues and actions
• For Bank issues and actions with regulatory impacts and critical risk ratings:
• Support US Banks FCR Governance Leads in review and challenge on closure summary write-ups, appropriateness of closure materials and first line signoff prior to submission in OpenPages
• For closure verification, support responses to follow-up requests

Required Experience:

• Minimum 5 years of experience in financial crimes/AML
• Bachelor's degree

Required Skills:

• Attention to detail and ability to prioritize projects and workload
• Take initiative, analyze, summarize, and communicate effectively
• Multitask effectively and appropriately prioritize assignments
• Work both independently and in a team environment
• Strong sense of ownership and accountability for work
• Strong interpersonal skills and ability to communicate effectively, both verbally and in writing
• Strong time management and planning skills
• Handle highly confidential information professionally and with appropriate discretion

Additional Skills Desired:

• Certified Anti-Money Laundering Specialist (CAMS) designation is a plus
• Proficient knowledge of MS Office (Microsoft Excel/PowerPoint/Word)
• General knowledge of AML regulatory requirements and expectations (domestic and international)
• Experience with US Banking regulations and knowledge of Securities Based Lending (SBL), Brokerage, and Institutional Securities products

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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities, and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Expected base pay rates for the role will be between $100K-$135K 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.

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