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Morgan Stanley · 2 days ago

US Banks Financial Crimes Risk Officer – Governance Program Management AVP

Purchase, NY

Full-time

Onsite

Mid, Senior Level

$100K/yr - $135K/yr

5+ years exp

Morgan Stanley is a global financial services firm that provides comprehensive financial advice and services. The Financial Crimes Risk Officer will be responsible for supporting and executing the Firm’s First Line Financial Crimes program, ensuring compliance with relevant financial crimes standards and managing governance responsibilities.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Provide support to US Banks FCR Governance Leads in the oversight of:

Bank Know Your Customer (KYC) and Customer Due Diligence (CDD) programs across the US Banks (inclusive of the Retail Bank (Advised and Digital Channels) and Institutional Bank)

Bank BSA/AML Sanctions processes within the first line that are independent of 1L FCR (such as Currency Transaction Reporting (CTR) Filings, Fraud Operations, and transaction monitoring)

Bank process and strategic program design enhancements and transformation initiatives across the Retail Bank and Institutional Bank

Internal and external testing and examinations of the BSA-AML and Sanctions program

Develop and maintain subject matter expertise and understanding of process flows, procedures and policy requirements governing the US Banks KYC, CDD and other BSA AML and sanctions program functions

Provide support in periodic internal front-to-back assessments of Bank KYC, CDD and other BSA/AML program functions to understand program risks/inefficiencies and drive and oversee remediation, where applicable

Attend Working Group forums held by the first line, second line and Banking Business Units to ensure ongoing insight into regulatory, internal audit and program testing plans, metrics (inclusive of key performance and risk indicators governing business performance), program risks (current and emerging), efforts and concerns, and escalation items

Support First Line Advisory responsibilities for regulatory exams, issues and actions and related testing engagements as follows:

Support US Banks FCR Governance Leads in the collaboration and compilations of Day 1 Letter responses to regulators

For regulatory follow-up requests, maintain oversight of the responses, ensuring accuracy and completeness (will require collaboration across senior management in 1L FCR, GFC, applicable business units, and Internal Audit, as needed)

Collaborate with First Line WM and IM Issue Management Team to ensure awareness and oversight of all Bank issues and actions

For Bank issues and actions with regulatory impacts and critical risk ratings:

Support US Banks FCR Governance Leads in review and challenge on closure summary write-ups, appropriateness of closure materials and first line signoff prior to submission in OpenPages

For closure verification, support responses to follow-up requests

Qualification

Financial crimes/AML experienceCertified Anti-Money Laundering Specialist (CAMS)MS Office proficiencyAML regulatory knowledgeUS Banking regulations knowledgeMultitaskAccountabilityAttention to detailInterpersonal skillsTime management skillsOwnership