Morgan Stanley Bank, NA (MSBNA) Financial Crimes Risk Office (Institutional Securities Group)– Vice President

Morgan Stanley•Purchase, NY

23d•$140,000 - $205,000

About The Position

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. Department Profile: The Morgan Stanley Bank, NA Financial Crimes Risk Office (MSBNA FCRO) Team is embedded within the Firm’s Wealth Management, US Banks, and Investment Management Financial Crimes Risk (FCR) organization. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk for MSBNA, including new, existing, and prospective customers. The MSBNA FCRO Team is considered the financial crimes risk advisory team within the first line of defense, and provides overall advice and support to first line of defense teams, including Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), Negative News Screening (NNS), Customer Activity Review (CAR) teams. In addition, The MSBNA FCRO Team works closely with partners and stakeholders in Business Unit, Operations, Technology, and Global Financial Crimes teams that provide support to MSBNA. Responsibilities: 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.

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
Ability to: take initiative, analyze, summarize, and communicate effectively
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

Nice To Haves

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
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