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

Morgan Stanley • Purchase, NY

122d • $140,000 - $200,000

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 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 and higher risk products and services. The WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

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 and relevant experience with BSA/AML Regulations.
• Regulatory remediation experience at global, large-scale bank is a plus.
• Strong leadership qualities with the ability to manage teams and demonstrate a strong work ethic.
• Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes.
• Experience with Sanctions and Travel Rule.
• Experience with Fraud oversight of BSA related Fraud issues, Sanctions and Travel rule.

Responsibilities

• Responsible for the 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 compliance with all relevant Financial Crimes laws and regulations.
• Support the implementation of transformational, high-impact enhancements across Financial Crimes Risk programs.
• Drive consistency and standardization of Risk & Control programs and processes.
• Partner with and influence a wide range of stakeholders from 1st line, 2nd line and 3rd line.
• Identify, escalate, and support management in the identification and remediation of top & emerging risks.
• Engage with various 1st line teams across WM to assess the impact of financial crimes risks in their area.
• Support the implementation of oversight reporting and associated working group forums to review risk items, KRIs, KPIs.

Benefits

• Comprehensive employee benefits and perks.
• Opportunities for professional growth and development.
• Support for employees and their families at every point along their work-life journey.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees