74 applicants

Company

Original Job Post

Morgan Stanley · 2 days ago

Head of Client Risk Unit

New York, NY

Full-time

Hybrid

Director

$160K/yr - $250K/yr

10+ years exp

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Hiring Manager

James Boston

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Responsibilities

Plan, coordinate, and track the implementation of the Firm's Global KYC Standards Enhanced Due Diligence Standards supplement

Lead and supervise the regional GFC Client Risk Unit teams responsible for conducting the comprehensive second line review of enhanced due diligence of both new and existing clients including partnering with first line teams on their execution of client enhanced due diligence reviews

Manage the governance and oversight of the Firm's EDD efforts, including leading working groups with GFC, business unit, First Line Financial Crimes, Operations, and Technology representation

Coordinate with regional GFC Client Risk Unit teams and First Line Financial Crimes, to make enhancements/updates to the regional procedures and related regional standards across the Firm

Coordinate with GFC colleagues on the implementation and continued maintenance of key controls

Lead execution and harmonization efforts across global business lines related to Enhanced Due Diligence processes

Develop and oversee GFC Client Risk Unit key projects and initiatives related to EDD and KYC client onboarding

Represent the Firm with respect to EDD controls in internal, external, and regulatory audits and examinations

Qualification

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Financial crimesComplianceAuditRisk managementKyc requirementsSecurities regulatoryFinancial marketsBroker dealersIssue resolutionAnti-money launderingAcams certificationAml certificationRegulatory complianceProblem-solvingHard-workingOrganizationalAnalyticalCommunicationInterpersonalCollaboration

Required

College degree with strong academic credentials

10 to 15 years of professional experience in a Financial Crimes, Compliance, Audit, or Risk Management capacity within the financial services industry

Prior experience and extensive knowledge of the practical impact of KYC requirements on day-to-day business and operational functions such as client onboarding and periodic review

Strong knowledge of the securities regulatory environment, including familiarity with regulatory authorities (e.g., Office of the Comptroller of the Currency, Federal Reserve, OFAC, Financial Crimes Enforcement Network, Financial Conduct Authority, etc.)

Strong understanding of financial markets, banking and broker dealers

Strong organizational, analytical, and communication skills

Strong interpersonal skills and ability to partner with key stakeholders to develop practical solutions that meet business needs while remaining compliant with applicable laws and regulations

Ability to research and resolve issues independently while working across teams to acquire information

Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire