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.
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 Governance Support AVP will be responsible for managing the firm's issues and action plans in relation to Financial Crime risk.
The Financial Crimes Governance Support analyst AVP will:
• Lead assessment, collaboration and response compilation for closure verification of Issues and related action plans arising from regulatory exam/monitoring, Audit exam, and GFC Testing findings, as well as Self-Identified Issues
• Monitor, track and provide reporting on Action Plan progression and facilitate timely completion
• Central point to complete intake of new Self-Identified Issues in OpenPages including responsibility of issues and action plans descriptions, feasibility of action plans, timelines and severity.
• Coordinate with cross-functional stakeholders to identify/agree on issue scoping, process, dependencies, milestones, and major deliverables.
• Assist with the design and development of comprehensive action plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations.)
• Create and provide reporting on issues and action plans to relevant risk and control committees
• Assess and escalate potential completion risks to remediation requirements under Action Plans, as applicable (e.g., identified technology gaps)
• Establish and manage feedback loop to ensure all issues and action plans are tagged to the right taxonomy, risks and controls assessments as per Firm's operational risk framework.
• Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit.
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• Required Experience:
• Minimum 5 years of experience in financial crimes/AML
• Bachelor's degree
• Experience supporting financial crimes 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
• Work in a matrixed organization; leveraging resources across the organization to complete deliverables
• Develop internal relationships, influence stakeholders, and build consensus
• Handle highly confidential information professionally and with appropriate discretion
• Thrive in fast-paced environment, managing multiple responsibilities and adapting to changing priorities
• Conduct meaningful root cause and trend analysis Additional Skills Desired:
• Certified Anti-Money Laundering Specialist (CAMS) designation is a plus
• Proficient knowledge of MS Office (Microsoft Excel/PowerPoint/Word)
• Proficient in Microsoft excel with experience in managing large sets of data. Familiarity with Macros, Dataiku, Tableau is a plus
• 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 $85,000 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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