Morgan Stanley is a global financial services firm that conducts its business through three principal business segments - Institutional Securities, Wealth Management (WM), and Asset 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 WM and U.S. Banks 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 WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding and existing customers, enhanced due diligence, and negative news processes for Morgan Stanley.
Primary Responsibilities:
The Financial Crimes Exam management AVP will be responsible for managing the firm's internal exams processes.
- Lead production of accurate and timely responses for testing and identified exams
- Draft, review and edit various forms of internal/external exam documentation, including reports, memos, presentations to ensure clarity, accuracy, and consistency in messaging
- Coordinate with cross-functional stakeholders to identify/agree on exam scope, process, dependencies, milestones, and major deliverables
- 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
- Support ad-hoc projects and initiatives from a communications perspective
- Define and execute against financial crimes training strategy initiatives for Wealth Management's first line
- Maintain a robust exam management framework and maintain documentation related to the testing and exam process, subsequent changes
- Monitor forecasting outputs, 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 to broader changes/initiatives
- Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit
Required Experience:
- Minimum 5 years of experience in financial crimes/AML
- Have a bachelor's degree in Business, Finance, or another related field
- Experience supporting compliance projects and internal/external exams
Ability to:
- Take initiative, analyze, summarize, and communicate effectively
- Multitask effectively and appropriately prioritize assignments
- Work both independently and in a team environment
- Distill complex ideas and concepts into actionable items
- Conduct meaningful root cause and trend analysis
- Handle highly confidential information professionally and with appropriate discretion
- Thrive in fast-paced environment, managing multiple responsibilities and adapting to changing priorities
Additional Skills Desired:
- Certified Anti-Money Laundering Specialist (CAMS) designation is a plus
- Proficient knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)
- Experience supporting audit and regulatory inquiries and interactions with Board, senior management, and consultants
- General knowledge of AML regulatory requirements and expectations (domestic and international)
- Strong time management and planning skills
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing
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).
Expected base pay rates for the role will be between $80,000 and $135,000 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.
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