US Banks (MSBNA) Financial Crimes Risk Officer - Vice President

Morgan Stanley•Harrison, NY

2d•$140,000 - $205,000

About The Position

The MSBNA FCRO Vice President (VP) is part of the MSBNA FCRO Team, and is responsible for reviewing and assessing financial crimes-risk relevant activities related to MSBNA. The MSBNA FCRO VP will assess Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Know Your Customer (KYC), and reputational risk matters identified through the execution and management of the Firm's Financial Crimes Risk protocols for new, existing, and prospective MSBNA customers. This includes managing programs and processes to examine potential Financial Crimes Risk exposure of MSBNA and the overall Firm. In addition, the MSBNA FCRO VP will be responsible for review and escalation of issues and risks related to these programs and processes. The MSBNA FCRO Vice President will: Implement and manage the 1L Financial Crimes Risk program requirements and controls Provide subject matter expertise, guidance, and training to 1L Financial Crimes Risk staff who perform AML, KYC, and EDD reviews for MSBNA customers Manage and assess the financial crimes risks associated with all MSBNA customers (including all risk rating levels) and the overall MSBNA business Provide day-to-day support including financial crimes risk advice to New Client New Business (NCNB) and Periodic Review teams (including DDR, EDR, and Remediation teams) Perform financial crimes risk review of MSBNA products and services, including New Product Approval Process Perform financial crimes risk review of MSBNA customers identified and escalated as part of the WM and ISG Consequence Framework review processes Assist in review and escalation of MSBNA customers escalated via the Negative News and Reputational Risk Escalation Process Actively manage and assist in strategic initiatives to promote process standardization, efficiency improvements, and financial crimes risk reduction Providing financial crimes risk management and advisory services in support of the maintenance and growth of the MSBNA business Assist and lead key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk-relevant activities Assist pipeline management and overall engagement with Business Unit, Operations, Technology, and Second Line of Defense Global Financial Crimes partners and stakeholders to onboard new, existing, and prospective MSBNA customer relationships Actively identify, measure, control and remediate money laundering and reputational risk issues with partners and stakeholders in Business Unit, Operations, Technology, and Second Line of Defense Global Financial Crimes Partner with the Second Line of Defense Global Financial Crimes Compliance teams to monitor client relationships on an ongoing basis and ensure compliance with regulatory expectations investigate, identify issues, impacts and trends to propose comprehensive solutions 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

Requirements

Have 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.).
Bachelor's degree in Business, Finance, or other, related field
Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
Strong knowledge of Know Your Customer (KYC), Customer Identification Program (CIP), and Customer Due Diligence (CDD) requirements
Strong interpersonal skills and ability to communicate effectively both verbally and in writing
Ability to evidence a strong work ethic and maintain a high degree of integrity
Working knowledge of Microsoft Office (MS Excel, MS PowerPoint, MS Word)
Experience with data analysis related to the management of a financial crimes risk program
Expertise in managing programs focused on ensuring quality within AML programs

Nice To Haves

Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus

Responsibilities

Implement and manage the 1L Financial Crimes Risk program requirements and controls
Provide subject matter expertise, guidance, and training to 1L Financial Crimes Risk staff who perform AML, KYC, and EDD reviews for MSBNA customers
Manage and assess the financial crimes risks associated with all MSBNA customers (including all risk rating levels) and the overall MSBNA business
Provide day-to-day support including financial crimes risk advice to New Client New Business (NCNB) and Periodic Review teams (including DDR, EDR, and Remediation teams)
Perform financial crimes risk review of MSBNA products and services, including New Product Approval Process
Perform financial crimes risk review of MSBNA customers identified and escalated as part of the WM and ISG Consequence Framework review processes
Assist in review and escalation of MSBNA customers escalated via the Negative News and Reputational Risk Escalation Process
Actively manage and assist in strategic initiatives to promote process standardization, efficiency improvements, and financial crimes risk reduction
Providing financial crimes risk management and advisory services in support of the maintenance and growth of the MSBNA business
Assist and lead key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk-relevant activities
Assist pipeline management and overall engagement with Business Unit, Operations, Technology, and Second Line of Defense Global Financial Crimes partners and stakeholders to onboard new, existing, and prospective MSBNA customer relationships
Actively identify, measure, control and remediate money laundering and reputational risk issues with partners and stakeholders in Business Unit, Operations, Technology, and Second Line of Defense Global Financial Crimes
Partner with the Second Line of Defense Global Financial Crimes Compliance teams to monitor client relationships on an ongoing basis and ensure compliance with regulatory expectations
investigate, identify issues, impacts and trends to propose comprehensive solutions
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