Investment Management - Operational Risk Officer- Financial Crimes Risk Vice President

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments - Institutional Securities, Wealth Management, and Investment Management. 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. 

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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, achieve, and grow.

Department Profile:
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.

Primary Responsibilities:
The Vice President – Risk and Controls Officer is responsible for executing the firm’s first line Financial Crimes program for IM. The role will be responsible for assisting in the execution of the strategic direction of the Financial Crimes programs, performing oversight responsibilities and escalating potential gaps and risks. 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 laws and regulations through the proper implementation an execution of applicable MS' policies, standards, and procedures.

The Vice President – Risk and Controls Officer (IM) will:

•Lead end to end risk identification and assessment for 1L owned Financial Crimes Risks and controls by collaborating with various 1L teams for IM to assess the impact of financial crimes risks 
•Plan and perform internal reviews of procedures and controls residing to ensure that controls are adequately designed and are operating effectively. 
•Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-out for any identified control gaps or opportunities for enhancement.
•Develop reporting and effectively and timely communicate risk management issues and internal control deficiencies with properly vetted and proposed solutions.
•Lead implementation for project deliverables for Risk and Control assessments under the firm-wide Non-Financial Risk Assessment (NFRA) program including creation of risk records under NFRA, mapping of controls and completion of assessment for 1L owned Financial Crimes risks
•Create control testing/ monitoring scripts and perform and support control reviews as required
•Assist in the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by second line
•Assist with the design and development of comprehensive action plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations.)
•Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit.

Required Experience and Skills:

•8+ 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.)
•Relevant experience managing implementation of operational risk framework including risk and controls assessments and control management is required
•Bachelor's degree in Business, Finance, Legal, or other related fields.
•Strong understanding of Investment Management processes as well as Investment due diligence practices for Public and Private Funds. 
•Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity.
•Implementation and execution of Financial Crimes Programs requirements
•Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
•Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.

Ability to:
•Analyze, summarize, and communicate effectively
•Operate with confidence and comfort in high-paced and high-profile environments with minimum supervision
•Distill complex ideas and concepts into actionable items.
•Multitask effectively and execute actions promptly
•Identify issues, investigate root causes, and escalate promptly
•Handle highly confidential information professionally and with appropriate discretion

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).

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

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Expected base pay rates for the role will be between $140,000 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).