WM Financial Crimes Risk Office; Fraud, Sanctions, Travel Rule Oversight - Vice President

Morgan Stanley•Harrison, NY

7d•$140,000 - $200,000

About The Position

The Vice President, WM Financial Crimes Risk Office is responsible for the risk oversight of Financial Crimes and KYC activities within the first line of defense. The role will support leadership in the execution of the strategic direction and oversight of BSA Fraud, Sanctions and Travel Rule. The role will facilitate the execution of the strategic direction of the Financial Crimes programs, performing oversight responsibilities and escalating potential gaps and risks. This position will work closely with the business, the second- and third-line stakeholders to ensure the business is compliant with all relevant Financial Crimes laws and regulations through the proper implementation an execution of applicable MS' policies, standards, and procedures. Support the implementation of transformational, high-impact enhancements across Financial Crimes Risk programs to drive risk reduction, implement efficiencies, design and implement new or enhanced controls and improve client experience Support the execution of target operating model for in-scope Financial Crimes Risk & Control programs, including but not limited to the oversight of BSA related Fraud issues, Sanctions and Travel rule Support the implementation of oversight reporting and associated working group forums to review risk items, KRIs, KPIs We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $140K-$200K per year at the commencement of employment. 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.

Requirements

7+ years of relevant experience with transformation programs and/or Financial Crimes risk management programs
Bachelor degree in Business, Finance, or other related fields
Strong understanding of Financial Crimes Risk
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.) is a plus
Regulatory remediation experience at global, large-scale bank is a plus
Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
Experience with Fraud a strong plus the oversight of BSA related Fraud issues, Sanctions and Travel rule
Ability to: Deliver high impact with a high sense of urgency
Juggle competing critical priorities while demonstrating timely and tangible progress
Effectively navigate a highly complex and high velocity environment with a wide range of stakeholders
Communicate complex matters in a concise, crisp, and action-oriented manner for different sets of stakeholders, including executive management
Lead with confidence and comfort in high-paced and high-profile environments with minimum supervision
Identify issues, investigate root causes, and escalate promptly
Handle highly confidential information professionally and with appropriate discretion

Responsibilities

Risk oversight of Financial Crimes and KYC activities within the first line of defense.
Support leadership in the execution of the strategic direction and oversight of BSA Fraud, Sanctions and Travel Rule.
Facilitate the execution of the strategic direction of the Financial Crimes programs, performing oversight responsibilities and escalating potential gaps and risks.
Work closely with the business, the second- and third-line stakeholders to ensure the business is compliant with all relevant Financial Crimes laws and regulations through the proper implementation an execution of applicable MS' policies, standards, and procedures.
Support the implementation of transformational, high-impact enhancements across Financial Crimes Risk programs to drive risk reduction, implement efficiencies, design and implement new or enhanced controls and improve client experience
Support the execution of target operating model for in-scope Financial Crimes Risk & Control programs, including but not limited to the oversight of BSA related Fraud issues, Sanctions and Travel rule
Support the implementation of oversight reporting and associated working group forums to review risk items, KRIs, KPIs

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