Quality Control - Assistant Vice President

Morgan Stanley • Tampa, FL

1d • $100,000 - $135,000

About The Position

Morgan Stanley (“MS”) 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 AML Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

Requirements

• Bachelor’s degree in business, Finance, or other related field
• Minimum 5 years of experience in financial crimes/AML compliance testing, Audit or similar related QA/QC testing experience
• Strong knowledge of AML regulatory requirements and expectations (Domestic - US and International - non-US), MS AML Risk policies and procedures, KYC standards, and QC Program and procedures
• Good managerial, communications, analytical, project management and planning skills to be able to implement QC Testing Program including sampling methodology, developing metrics and reporting, and coordinating with QC Analysts to drive consistency in QC testing and outcomes as appropriate
• Good knowledge of business, products, operations, systems and organization to be able to implement the QC program
• Basic knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)
• Ability to: Take initiative, analyze, summarize, and communicate effectively
• Investigate, identify issues, impacts and trends as a result of QC testing to propose comprehensive solutions
• Identify and recommend improvements to the QC Program
• Multitask effectively and action matters promptly
• Work independently and in a team environment
• Handle highly confidential information with appropriate discretion.
• Work in a high volume, fast paced environment; and
• Work in a matrixed organization, leveraging resources across the organization in order to perform QC activity and make recommendations based on QC findings
• Collect data, develop trend analysis, and prepare reporting of key QC metrics for relevant stakeholders.

Nice To Haves

• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license/audit/control testing certification (is a plus)

Responsibilities

• Perform an end-to-end Quality Control KYC review of new onboarding and periodic review files as an individual contributor
• Determine sampling population in accordance with procedures
• Assist in preparing ongoing and ad hoc reporting for senior management
• Report metrics and communicate results to senior management and stakeholders
• Share any required feedback with QC Analysts to ensure consistency / standardize findings
• Escalate weekly results with Quality Control Bank Officers for final review and sign-off

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level