Anti-Bribery & Corruption And Anti-Tax Evasion Risk Officer

Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 42 countries.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Division Profile

Wealth Management and U.S. Banks Risk is responsible for identifying, measuring, and managing the current and emerging risks of the WM and U.S. Banks division and, in coordination with WM’s and U.S. Banks’ Business Control Units and Second Line Risk Management and Compliance, implementing control processes and procedures to mitigate risk consistent with WM’s and U.S. Banks’ risk appetite and governance framework

Position Summary

The First Line Wealth Management Team is looking for an innovative, driven individual to join its team as an Anti-Bribery & Corruption (AB&C) and Anti-Tax Evasion Risk Officer for the AB&C and Anti-Tax Evasion Risk Office. This position will support in delivering strategic direction, risk identification, monitoring and oversight on AB&C and Anti-Tax Evasion risk matters. This individual will be responsible for driving the implementation and maintenance of the AB&C & Anti-Tax Evasion Risk Program requirements for the First Line Wealth Management and U.S. Banks organization.

Because of the broad nature of the role, it will require a candidate who has a proven track record of supporting and working with a senior management team, as well as with multiple functions within an organization.

The office will report to the first line’s Head of AB&C and Anti-Tax Evasion for Wealth Management and U.S. Banks.

The AB&C and Anti-Tax Evasion Risk Office is responsible for leading, managing and executing the firm’s first line AB&C & Anti-Tax Evasion program for WM and U.S. Banks.

The role will be responsible for setting the strategic direction of the AB&C and Anti-Tax Evasion program for the first line and performing governance and oversight responsibilities. She / he will work closely with the business, the second- and third-line stakeholders to ensure the business is compliant with all relevant AB&C and Anti-Tax Evasion standards, policies, procedures and applicable laws and regulations. The role will provide subject matter expertise guidance and training to the first line, as well as monitor and report on AB&C and Anti-Tax Evasion-related activities for the first line.

In Addition, Other Key Responsibilities Include

• Performing first line AB&C and Anti-Tax Evasion risk assessments to assist with the prioritization of program activities and the identification of control enhancement opportunities.
• Lead AB&C and Anti-Tax Evasion initiatives that arise for the first line in the WM and U.S. Banks businesses
• Management of investigations, reputational, AB&C and Anti-Tax Evasion franchise risk matters and reviews
• Monitor and report on first line AB&C and Anti-Tax Evasion -related activities
• Implement preventative detective controls and testing
• Interfacing with leadership team and communicating pertinent information across the Department &
• Develop and implement the firm’s AB&C and Anti-Tax Evasion policies, guidance and procedures for the first line
• Provide advice, guidance and training to the business on AB&C and Anti-Tax Evasion risk-related matters and related procedures. Particular focus on interpreting and applying AB&C and Anti-Tax Evasion laws and regulations in answering queries and providing subject matter expertise to the Business.
• Oversee and decision matters (including transactional and activities) that may pose AB&C and / or Anti-Tax Evasion risk to the first line
• End-to-end business supporting, include subject matter expertise advice and recommendation on AB&C and Anti-Tax Evasion matters, standards and policies
• Build and manage a team of AB&C and Anti-Tax Evasion first line professionals
• Maintain the first line current on changes in AB&C and Anti-Tax Evasion regulations and policies and update the respective firm’s programs for first line accordingly
• Collaborate closely with critical internal stakeholders including Senior Business Leaders, Second Line, Technology and Internal Audit
• Support in Regulatory responses and Remediation efforts, including Regulatory, Senior Management and Board level presentations and readiness
• Coordinate with Business stakeholders and leaders to validate and evolve multi-year strategy and plans against that strategy
• Ensure first line compliance with all relevant AB&C and Anti-Tax Evasion regulations, standards, and policies
• Strategy / Analysis and Organizational Buildout: Drive strategy / strategic initiatives and analysis to develop a cohesive and holistic strategy across Wealth Management and U.S. Banks teams; Support organizational design and buildout of first line Financial Crimes framework, program and team

Required Skills

• Experience in all aspects of strategy, planning, execution, and delivery
• Handle highly confidential information with appropriate discretion
• Ability to direct and drive senior stakeholders towards a common goal and high EQ
• Demonstrate prior experience and expertise with large scale organizational buildouts, remediations, high profile matters to senior management, Board and regulators
• Expertise in implementing and executing on AB&C and Anti-Tax Evasion Program requirements
• Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
• 7-10+ years of relevant experience with AB&C and Anti-Tax Evasion 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.)
• Expertise in international AML and economic sanctions laws and regulations and familiarity with best practice first line procedures and processes.
• Confidence and comfort operating in high-paced and high-profile environments

Preferred Skills

• Financial Industry WM or U.S. Banks experience
• Advanced degree in relevant field of study
• Working knowledge of privacy management tools and solutions
• Relevant professional certifications such as CPA, Series 7, 24, etc.
• First Line Risk & Controls, Compliance or Audit experience
• Experience in supporting audit and regulatory inquiries and interactions with Board, senior management, consultants
• Passionate about privacy and the protection of customers’ personal information
• Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Expected base pay rates for the role will be between $100,000 and $180,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Posting Date

May 18, 2023

Primary Location

Americas-United States of America-New York-New York

Education Level

Bachelor's Degree

Job

Wealth Management

Employment Type

Full Time

Job Level

Vice President