Financial Crimes Governance And Program Management Officer

Morgan Stanley (“the Firm”) 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 43 countries.

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

Department Profile

First Line Financial Crimes Risk supports the business in effectively managing its financial crime risk, including by advising the business on control processes, reviewing higher-risk clients, developing management reporting on emerging risks, and coordinating efforts to update tools and processes to address regulatory, policy, and operational change.

Background on the Team

The Office’s Core Responsibilities Are

The Financial Crimes Governance & Program Management Office manages the program management and governance, -related activities that impact first-line financial crime processes.

• Assessing regulatory, policy, and technology Business-As-Usual (BAU) and Change that impacts first-line financial crime risk processes and coordinating planning among impacted stakeholders to address the Change’s impact to the first line (e.g., updating procedures)
• Facilitating applicable stakeholders in producing deliverables for regulatory examination and auditing
• Establishing effective governance to oversee BAU and Change initiatives that impact first-line financial crime risk, including through coordination with applicable stakeholders across Morgan Stanley
• Establishing First line Risk Appetite and Risk Assessment disciplines and Routines to manage related financial crimes risks
• Monitoring initiatives to address BAU and Change and developing management reporting on status and changes to risk profiles
• Developing direct relationships and open lines of communication with business units, Morgan Stanley Technology and other stakeholders to the end-to-end financial crimes risk process
• Communicating Changes, emerging risks, and new risk typologies to business stakeholders
• Providing oversight to planning, implementation, and testing activities related to the remediation of audit, testing, and regulatory findings that impact first-line financial crime risk processes
• Coordinating and driving the remediation of BAU and Change-related issues that impact customer first line financial crimes processes
• Identifying and coordinating the development of training and communications to support the effective execution of first- line financial crime risk processes

Primary Responsibilities

The Financial Crimes Governance and Program Management Risk Officer reports into the Head of Financial Crimes Governance and Program Management for the first line WM and U.S. Banks organizations. The role provides strategic direction for the Governance & Program Management Office, which includes the Program Management, Metrics & Reporting, Procedures Management, and Training & Communications Program teams. Under the direction of the Head of Financial Crimes Governance and Program Management, the office and role are responsible for:

• Partnering with applicable bank stakeholders to shape the BAU and Change priorities and strategic path roadmap
• Providing insight and updates to internal communication teams throughout the organization
• Identifying and resolving downstream / cross-functional / cross-initiative impacts related to BAU and Change initiatives
• Driving and coordinating readiness activities related to BAU and Change initiatives (technical, policy, organizational)
• Prioritizing BAU and Change initiatives and communicating to business partner leadership
• Assessing First Line of Defense BAU and Change initiatives and potential regulatory risk impacts, and ensuring any updated financial crimes procedures and work guides align with updated regulatory requirements and expectations
• Performing process improvement assessments and executing on opportunities identified throughout the organization
• Improving visibility across all projects and associated workstreams within the BAU and Change portfolio, including critical path blockers and any potential cross-project impacts

Skills Required

Candidates must have:

• Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
• Handle highly confidential information with appropriate discretion
• Undergraduate degree in Business, Finance, or other related field
• Ability to identify root causes for recurring issues identified during the financial crimes process
• 7-10+ years of relevant experience with BSA/AML or Core-Compliance 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.)

Additional Skills Desired

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

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

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

Apr 19, 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