The Financial Crimes Policy & Strategic Initiatives Officer (Vice President) is part of the First Line Financial Crimes Risk Office Team responsible for the requirements and maintenance of the first line of defense financial crimes program defining risk mitigant strategy, policy changes and technology requirement for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.
The Officer will engagement with business, CMO, technology, second line of defense, and other partners to development, enhancement and redesign of Financial Crimes Policy, process and procedure requirement focusing on risk mitigation and enhanced execution. Leads coordination efforts and set strategic priorities and direction for the development and implementation of the new programs requirements to ensure regulatory compliance and effective execution. Focused on enhanced control environment, reduced manual processes, and automated controls. Serves as a trusted advisor to the business and partners to deliver solutions to complex and elevated issues.
Responsibilities
- Support the development and implementation of new processes, requirements, policy changes, and design of new operating models for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.
- Support the assessment of enhancements needed for Financial Crimes program including AML, Sanctions and Tax evasion controls.
- Support the assessment of complex issues, structure potential solutions, and drive effective resolution with senior stakeholders.
- Work autonomously influencing changes in policies, process and procedures in coordination with multiple leadership teams, stakeholders and second line of the defense partners.
- Support the management of strategic initiatives, processes and tasks supporting the financial crimes program.
- Assess Global Financial Crimes policy looking for pragmatic opportunities aligned to business practices to adjust policy to reduce operational impact and increase efficiency while still maintain the spirit to the policy.
- Collaborate with, and provide credible challenge to the Business, Operations, Second Line of defense, and other strategic partners for the design, implementation, and maintenance of controls to manage the Financial Crimes Risk program.
- This role identifies and implements risk mitigation strategies for findings from risk assessment, audit findings, regulatory exams, potential violations of law.
- Lead and manage workstream communications and working groups to influence change and reach agreements.
- Lead key projects and initiatives related to assessing and mitigating the Firm’s exposure to financial crimes and operational risks.
- Actively identify, measure, control and remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Units.
- Review internal policies, provide periodic risk relevant reporting to senior stakeholders and make recommendations to improve processes governing financial crimes related activities.
- Work with CMO Design Team and Project Manage Office on critical business initiatives including project plans, meeting cadence, risk assessment, requirements development, testing and implementation oversight and regular communication/updates to Senior Executives.
- Based on Policy changes and new Regulatory requirements work with Change Management Office and Technology to implement well thought through requirements to support overall Financial Crimes program Book of work.
- Lead key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities.
- Ability to manage multiply work streams with conflicting priorities in a fast-paced environment.
- Strong communication skills.
- Highly proficient in Power Point decks development and ability to craft message to audience in a concise, effective, and proactive manner.
- Think outside the box to develop solutions to improve our financial crimes program with goals of enhancing controls, implementing efficiency and improving customer experience.
Required Experience
- Have 7+ 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.);
- Proactive and self-motivated.
- Strong leadership and team management skills.
- Have an undergraduate degree in Business, Finance, or other related field;
- Strong knowledge of Know Your Customer, Customer Identification Program and CDD requirements.
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity.
- Strong organizational and time management skills
- Project Management skills on large deliverables with numerous stakeholders across many functional areas
Ability To
- take initiative, analyze, summarize, and communicate effectively;
- investigate, identify issues, impacts and trends to propose comprehensive solutions;
- 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 to complete deliverables.
Additional Skills Desired
- Working knowledge of MS Office;
- Experience with data and trend analysis related to the management of an AML 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.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Posting Date
Oct 7, 2024
Primary Location
Americas-United States of America-Florida-Miami
Education Level
Bachelor's Degree
Job
Wealth Management
Employment Type
Full Time
Job Level
Vice President
