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Morgan Stanley · 1 day ago

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

Purchase, NY

Full-time

Onsite

Senior Level, Lead/Staff

$140K/yr - $205K/yr

8+ years exp

Morgan Stanley is a global financial services firm that provides comprehensive financial advice and services to its clients. The Vice President in the Financial Crimes Risk Office is responsible for reviewing and assessing financial crimes-risk relevant activities, managing programs related to money laundering and reputational risk, and providing expertise and support to first line of defense teams.

Asset ManagementFinanceFinancial ServicesLending

Hiring Manager

Ajit Jose MBA-HR, SHRM-SCP, GTML™, CDR

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

Qualification

BSA/AML RegulationsKnow Your Customer (KYC)Customer Due Diligence (CDD)Anti-Money Laundering SpecialistData analysisMicrosoft OfficeLeadershipInterpersonal skills

Required

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

Ability to investigate, identify issues, impacts and trends to propose comprehensive solutions

Ability to work independently and in a team environment

Ability to handle highly confidential information with appropriate discretion

Ability to work in a matrixed organization, leveraging resources across the organization to complete deliverables