Global Financial Crimes Client Risk Unit Vice President
About The Position
Morgan Stanley is seeking a Vice President in Legal and Compliance to provide advisory support on client risk and due diligence and partner across the Firm to support effective execution of its Financial Crimes Prevention Program. The Global Financial Crimes (GFC) Client Risk Unit evaluates client relationships that pose the highest financial crimes risk and provides check and challenge over the first line’s execution of enhanced due diligence. GFC coordinates the Firm’s financial crime prevention efforts, including governance, oversight, and execution of Anti-Money Laundering (AML), Sanctions, Anti-Corruption, and Government and Political Activities Compliance programs. The role manages and oversees Client Risk Unit professionals and advises on KYC onboarding and enhanced due diligence for clients and counterparties. It reviews higher-risk client relationships, assesses potential financial crimes exposure, provides guidance on client risk rankings and related policies, and coordinates with stakeholders across the Firm. The role is based in Texas, requires four days in the office, and its work location is expected to transition to 1445 Ross Ave, Dallas, TX 75202, at a future date. In-person interviews are required.
Requirements
- Bachelor’s degree or equivalent military experience.
- At least 7 years of relevant anti-money laundering and/or financial crimes experience.
- At least 5 years of relevant managerial experience.
- Ability to understand and assess a wide variety of complex products, services, and client types.
- Ability to work independently while collaborating and coordinating as part of a global program.
- Strong analytical skills, ability to understand complex workflows, and excellent attention to detail.
- Excellent written and verbal communication, time-management, and organizational skills.
- Ability to interact professionally with a variety of individuals.
- Strong knowledge of investing and markets, or demonstrated ability to research, learn, and adapt quickly.
- Excellent judgment and initiative, and ability to meet deadlines.
- Ability to interact with branch office and business unit personnel and receive and apply supervisor feedback.
- ACAMS Anti-Money Laundering Specialist certification or equivalent AML certification/license, or obtain certification within the first 15 months of employment.
- Must work in the office four days per week; in-person interviews are required.
Nice To Haves
- Fluency in Spanish or Portuguese.
- Experience in a large or complex financial institution, law firm, or government/regulatory body.
Responsibilities
- Manage, recruit, and maintain oversight of Client Risk Unit professionals.
- Serve as an escalation point and provide advisory support, guidance, and effective challenge concerning KYC onboarding and enhanced due diligence for clients and counterparties.
- Support projects and initiatives to assess and mitigate the Firm’s exposure to money laundering and other financial crimes.
- Review enhanced due diligence for new and existing higher-risk clients, including analyzing corporate structures and related documentation.
- Analyze and escalate financial crimes negative news as appropriate.
- Determine and provide guidance on appropriate client risk rankings.
- Review client accounts for potential matches to designated sanctions targets and prohibited-person lists.
- Use third-party and internal databases to support due diligence searches as needed.
- Develop understanding of anti-money laundering regulations, policies, and procedures.
- Provide policy and procedure guidance to stakeholders.
- Conduct training for stakeholders.
- Liaise and coordinate within GFC and with Firm stakeholders to ensure appropriate execution of the Financial Crimes Prevention Program.
Benefits
- Morgan Stanley-sponsored employee benefit programs and perks; specific benefits are not listed.
- The total compensation package may include commission earnings, incentive compensation, discretionary bonuses, and other short- and long-term incentive packages.
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What This Job Offers
Job Type
Full-time
Career Level
Manager
