ISG Management - Financial Crimes Program Governance - VP/ED
Job Number: 3260580
POSTING DATE: Oct 16, 2024
PRIMARY LOCATION: Americas-United States of America-New York-New York
JOB: Investment Banking/Sales/Trading/Research
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Executive Director
DESCRIPTION
Company Profile: 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 ethics. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile: 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.
Position Overview: The Program Governance Lead will be responsible for establishing and managing the program governance function within the First Line Financial Crimes Risk team. This role will ensure that appropriate governance structures, processes, and controls are in place to support the identification, assessment, mitigation, and reporting of financial crime risks. The individual will work closely with cross-functional teams, senior stakeholders, and external regulators to ensure compliance with internal policies and external regulatory requirements while fostering consistency in governance across the organization.
Primary Responsibilities
- Establish Program Governance Framework: Design and manage the governance structure, including the establishment of governance forums, working groups, and steering committees to ensure effective oversight, decision-making, and risk mitigation.
- Program Execution and Monitoring: Lead the execution of program governance initiatives, including defining objectives, scope, deliverables, and KPIs. Ensure timely delivery of program milestones and adherence to governance standards.
- Risk and Control Oversight: Collaborate with key stakeholders to identify and mitigate financial crime risks, ensuring that governance processes are fully integrated with risk assessment, monitoring, and reporting mechanisms.
- Stakeholder Engagement and Communication: Work closely with internal stakeholders (e.g., Compliance, Operations, Legal, Audit) and external regulators to ensure transparency and consistency in governance practices. Provide clear and regular updates to senior management on governance activities and program status.
- Regulatory Compliance: Ensure that governance frameworks and controls are designed to comply with all relevant laws and regulations related to financial crimes, including AML, KYC, and sanctions compliance.
- Continuous Improvement: Drive a culture of continuous improvement by assessing the effectiveness of the governance program, identifying areas for enhancement, and implementing best practices.
Role will require in office attendance 4 days/week.
QUALIFICATIONS
Experience Required:
- Bachelor’s degree in Business, Finance, Risk Management, or a related field; advanced degree preferred.
- 8+ years of experience in financial crimes risk management, governance, or risk/control functions within financial services.
Skills Required:
- Proven experience establishing and managing governance frameworks in a financial services or regulatory environment.
- Excellent stakeholder management and communication skills, with the ability to influence and collaborate at all levels.
- Ability to manage multiple priorities in a fast-paced environment and deliver results under tight deadlines.
- Strong analytical, problem-solving, and decision-making skills.
- Experience working with cross-functional teams in a complex, matrixed organization.
- 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.
Expected base pay rates: For the role will be between $145,000 and $250,000 per year for Vice President, and between $225,000 to $300,000 per year for Executive Director, 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).
