Apply on Employer Site

Morgan Stanley · 11 hours ago

Assistant Vice President, WM Financial Crimes Risk & Controls

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 to its clients. The Assistant Vice President, WM Financial Crimes Risk & Controls is responsible for executing the firm's Financial Crimes program, ensuring compliance with relevant laws and regulations, and leading risk assessments and control implementations.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Lead implementation for project deliverables for Risk and Control assessments under the firm-wide Non-Financial Risk Assessment (NFRA) program

Engage with various 1L teams across WM, Banks and IM to assess the impact of financial crimes risks in their area

Lead creation of risk records under NFRA, mapping of controls and completion of assessment for 1L owned Financial Crimes risks

Review end to end process for creation of missing controls, refresh control ratings, descriptions and issue linkages across 1L FCR risks

Address 2L feedback and challenges in relation to the RCSAs

Develop and provide Risk and controls dashboard reporting/ heatmap to relevant committees

Aid in the identification of control enhancement opportunities and implementation of preventative detective controls and testing

Create control testing/ monitoring scripts and complete control monitoring/ control testing for CILA controls as per policy requirements

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

Identify, escalate, and assist in the management of top & emerging risks, execution of heightened risk and high-risk portfolio reviews

Provide with advisory, guidance and training to the first line teams

Qualification

Financial Crimes RiskBSA/AML RegulationsOperational Risk FrameworkRiskControls AssessmentsControl ManagementAnalytical SkillsMultitaskingLeadership QualitiesCommunication SkillsConfidentiality

Required

5+ years of relevant experience managing implementation of operational risk framework including risk and controls assessments and control management

Have a bachelor's degree in business, Finance, or other related fields

Strong understanding of Financial Crimes Risk. 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.) is a plus

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

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

Analyze, summarize, and communicate effectively

Operate with confidence and comfort in high-paced and high-profile environments with minimum supervision

Multitask effectively and execute actions promptly

Identify issues, investigate root causes, and escalate promptly

Handle highly confidential information professionally and with appropriate discretion