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Morgan Stanley · 5 hours ago

Investment Management - Operational Risk Officer- Financial Crimes Risk Vice President

Purchase, NY

Full-time

Onsite

Senior Level, Lead/Staff

$140K/yr - $200K/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 – Risk and Controls Officer will be responsible for executing the firm’s first line Financial Crimes program for Investment Management, ensuring compliance with relevant laws and regulations while leading risk identification and assessment efforts.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Lead end to end risk identification and assessment for 1L owned Financial Crimes Risks and controls by collaborating with various 1L teams for IM to assess the impact of financial crimes risks

Plan and perform internal reviews of procedures and controls residing to ensure that controls are adequately designed and are operating effectively

Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-out for any identified control gaps or opportunities for enhancement

Develop reporting and effectively and timely communicate risk management issues and internal control deficiencies with properly vetted and proposed solutions

Lead implementation for project deliverables for Risk and Control assessments under the firm-wide Non-Financial Risk Assessment (NFRA) program including creation of risk records under NFRA, mapping of controls and completion of assessment for 1L owned Financial Crimes risks

Create control testing/ monitoring scripts and perform and support control reviews as required

Assist in the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by second line

Assist with the design and development of comprehensive action plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations.)

Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit

Qualification

BSA/AML RegulationsOperational Risk FrameworkFinancial Crimes ProgramsInvestment Management ProcessesAnti-Money Laundering CertificationMultitaskingLeadership QualitiesEffective CommunicationConfidential Information Handling

Required

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.)

Relevant experience managing implementation of operational risk framework including risk and controls assessments and control management is required

Bachelor's degree in Business, Finance, Legal, or other related fields

Strong understanding of Investment Management processes as well as Investment due diligence practices for Public and Private Funds

Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity

Implementation and execution of Financial Crimes Programs requirements

Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes