Morgan Stanley - Harrison, NY

posted 2 months ago

Full-time - Senior
Harrison, NY
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

Morgan Stanley is seeking a Vice President to serve as the Financial Crimes Risk Officer for the Workplace and Digital sectors, specifically overseeing the E*TRADE business and Morgan Stanley at Work. This role is situated within Wealth Management's Financial Crimes Risk Team, acting as the first line of defense to ensure adherence to financial crimes policies established by Global Financial Crimes Compliance (GFC). The ideal candidate will possess a deep understanding of financial crimes risk management, particularly in Know Your Customer (KYC) processes, with demonstrated experience in understanding the risks associated with online, non-face-to-face channels.

Responsibilities

  • Support the oversight of the financial crimes program for E*TRADE and Morgan Stanley at Work businesses, ensuring robust controls are in place to mitigate risks associated with financial crimes in digital environments.
  • Provide expert guidance to business units, technology partners, the execution / production teams, compliance, and other intra-department teams on financial crimes matters as they pertain to E*TRADE and Morgan Stanley at Work, with a strong emphasis on KYC and online customer interactions.
  • Participate in program risk assessments to identify vulnerabilities and ensure controls are aligned with the specific risks and requirements of each business.
  • Conduct client risk assessments as escalated by the execution / production teams to determine if a client fits within the business's risk appetite and tolerance levels.
  • Partner with stakeholders to monitor financial crimes controls to ensure they are working as intended and optimized for the business's unique needs.
  • Work closely with internal teams such as Audit and Compliance Testing to address questions about business processes and controls.
  • Actively participate in initiatives aimed at transforming and enhancing financial crimes controls, ensuring they remain effective and aligned with evolving business models, technological advances, regulatory requirements / expectations, and industry best practices.
  • Actively participate in committees and other governance forums to represent the business's interests in financial crimes risk management.
  • Develop an in-depth understanding of the businesses, their products, services, and systems to better identify financial crime vulnerabilities and tailor control frameworks accordingly.

Requirements

  • 7 years of experience in financial crimes risk management, with substantial experience in KYC processes and advisory roles within financial institutions.
  • Proven expertise in online, non-face-to-face channels, including familiarity with inherent risks, digital account opening processes, technological advances, and industry best practices.
  • Demonstrated ability to develop and implement financial crimes controls commensurate with business operations.
  • Financial Services, Audit or Compliance background and/or experience with financial services compliance.
  • Ability to take initiative, analyze, summarize, and communicate effectively.
  • Ability to multitask effectively and appropriately prioritize assignments.
  • Ability to investigate, identify issues, impacts and trends to provide comprehensive training.
  • Ability to work both independently and in a team environment.
  • Ability to distill complex ideas and concepts into actionable items.
  • Ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables.
  • Ability to develop internal relationships, influence stakeholders, and build consensus.
  • Ability to handle highly confidential information professionally and with appropriate discretion.

Nice-to-haves

  • Bachelor's degree in Finance, Business, Law or a related field. Graduate degree is a plus.
  • Certified Anti-Money Laundering Specialist (CAMS) designation is advantageous.
  • Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access).
  • Strong understanding of AML regulatory requirements and expectations.
  • Strong understanding of financial products, services, and systems, particularly those related to digital brokerage platforms and workplace financial solutions.
  • Demonstrated ability to analyze complex data and systems to identify potential financial crime vulnerabilities and control optimization opportunities.
  • Excellent verbal and communication skills, with the ability to effectively collaborate and negotiate with diverse stakeholders across business and compliance units.
  • Creative thinker with a proactive approach to identifying and resolving issues, capable of developing innovative solutions within regulatory frameworks.
  • Proven ability to lead initiatives, manage projects, and influence outcomes in a matrixed organizational structure.
  • Experience in supporting audit and regulatory inquiries and interactions with Board, senior management, and consultants.

Benefits

  • Competitive salary and performance-based bonuses.
  • Comprehensive health insurance coverage.
  • Retirement savings plan with company matching contributions.
  • Paid time off and holidays.
  • Professional development opportunities and training programs.
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