Financial Crimes Risk, Regulatory Audit and Issues Management - Institutional Securities Group - Vice President

The ISG 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

Key Responsibilities

• Lead production of accurate and timely responses for testing and identified issues

• Define and execute against financial crimes ad hoc and strategic initiatives for ISG first line

• Coordinate with cross-functional stakeholders to identify/agree on issue scoping, process, dependencies, milestones, and major deliverables

• Draft, review and edit various forms of reports, memos, presentations to ensure clarity, accuracy, and consistency in messaging

• Assist with the design and development of comprehensive plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations)

• Develop concise and effective presentations for senior leadership

• Define and execute against financial crimes training strategy initiatives for ISG’s first line.

• Own and innovate the issue management system and maintain a robust issue management framework

• Maintain documentation related to the testing and issue process, subsequent changes, and reporting

• Monitor forecasting requirements, identify thematic concerns, and escalate as appropriate

• Develop and present related management reporting

• Oversee and coordinate related control execution and framework

• Liaise with other functions on broader changes/initiatives

• Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit

• Work closely with senior management to implement necessary changes in AML/KYC procedures and controls based on quality review findings.

• Stay updated on evolving AML/KYC regulations, industry trends, and emerging risks, and ensure that KYC Sustainability processes are adapted accordingly.

• Represent the ISG FCR Team in relevant governance forums and meetings with 2nd and 3rd line.

• Challenge existing systems and processes, looking for enhancements and efficiencies where possible 

• Create and maintain artifacts to illustrate Financial Crime Risk controls to internal and external stakeholders

• Work with internal stakeholder to coordinate responses to internal and external audit inquiries 

• Define governance processes to verify the accuracy of procedural evidence presented to internal and external auditors

• Support work on other special projects, as needed

Preferred Qualifications

Experience Required:

• 5+ years professional experience in a financial crimes/anti-money laundering group (or similar) at a financial institution

• Bachelor's degree or equivalent

Skills Required:

• Thorough knowledge of AML/KYC regulations and standards, including local and international requirements

• Strong analytical skills with an eye for detail and the ability to identify issues and recommend corrective actions

• Excellent communication and leadership skills, with the ability to provide constructive feedback and drive process improvements.

• Prior experience in overseeing or performing quality control reviews, audits, and implementing corrective actions

• Prior experience with Regulatory exams and communicating with Regulators

• Exceptional problem-solving abilities and a proactive approach to challenges

• Ability to adapt to a rapidly changing regulatory environment

• Advanced knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access) 

Ability to:

• Take initiative, analyze, summarize, and communicate effectively

• Investigate, identify issues, impacts and trends to propose comprehensive solutions

• Multitask effectively and action matters promptly

• Work independently and in a team environment

• Handle highly confidential information with appropriate discretion

• Work in a matrixed organization, leveraging resources across the organization to complete deliverables

• Work in a high volume, fast paced environment

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 $250,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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