Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
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 integrity, excellence, and strong team ethics. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
The ISG Financial Crimes Risk (“FCR”) 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. The FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.
Position Overview
The Head of Policies, Procedures, and Training will be responsible for designing, implementing, and overseeing the organization's policies and procedures to ensure compliance with internal and external regulations. This individual will lead efforts to standardize processes, promote a culture of accountability, and align training programs to support the organization’s goals. The role is essential to ensuring operational efficiency, regulatory compliance, and the development of employees across departments.
Primary Responsibilities
Policy and Procedure Development
- Develop, update, and maintain comprehensive policies and procedures to ensure compliance with industry regulations, legal requirements, and organizational standards.
- Collaborate with department heads to identify gaps in current policies and recommend improvements.
- Ensure that policies are aligned with the organization's strategic objectives and evolving regulatory landscape.
Governance and Compliance
- Lead the FCR’s compliance framework, ensuring adherence to federal, state, and local regulations.
- Serve as the primary contact for internal and external audits related to operational policies and compliance matters.
- Regularly assess the effectiveness of implemented policies, revising them as necessary.
Training and Development
- Design and implement a comprehensive training program to educate employees on company policies, industry best practices, and regulatory requirements.
- Partner with department leaders to customize training based on specific roles and responsibilities.
- Develop and maintain an effective onboarding process for new employees, ensuring familiarity with critical policies and procedures.
Monitoring and Reporting
- Establish metrics and KPIs to monitor the implementation and adherence to policies and training programs.
- Regularly report on policy compliance and training progress to the executive leadership team.
- Continuously assess and mitigate risk by staying informed on emerging regulatory changes.
Leadership and Collaboration
- Lead, mentor, and develop a team of professionals focused on policy development and training.
- Foster a culture of accountability and continuous improvement across the organization.
- Serve as a key advisor to senior management on policy-related matters and training strategies.
Role will require in office attendance 4 days/week.
Experience Required
- 8+ years professional experience in a financial crimes/anti-money laundering group (or similar) at a financial institution
- Demonstrated success in developing training programs and policies and procedures
- Experience in managing cross-functional teams and working with senior executives.
- Bachelor's degree or equivalent
Skills Required
- Thorough knowledge of AML/KYC regulations and standards, including local and international requirements.
- Excellent communication and leadership skills, with the ability to provide constructive feedback and drive process improvements.
- Exceptional problem-solving abilities and a proactive approach to challenges.
- Ability to adapt to a rapidly changing regulatory environment.
- Strong knowledge of regulatory frameworks and industry standards.
- Exceptional written and verbal communication skills.
- Ability to influence and lead change across an organization.
- Strong project management skills with a focus on operational execution.
- Ability to manage multiple priorities in a fast-paced environment.
- Proficient in developing and analyzing reports and data to inform decision-making.
Expected base pay rates for the role will be between $145,000 and $250,000 per year for Vice President, and between $225,000 to $300,000 per year for Executive Director, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. 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 15, 2024
Primary Location
Americas-United States of America-New York-New York
Job
Investment Banking/Sales/Trading/Research
Employment Type
Full Time
Job Level
Executive Director
