Financial Crimes Governance - Procedure Management, Assistant Vice President
Morgan Stanley
Application
Details
Posted: 19-Jun-24
Location: Tampa, Florida
Type: Full-time
Salary: Open
Internal Number: 20901390
Morgan Stanley is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management (WM), and Asset Management. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.
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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, achieve, and grow.
Department Profile:
The WM and U.S. Banks Financial Crimes Risk Team is embedded within the Firm's business line. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types. The WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.
Primary Responsibilities:
The Financial Crimes Governance AVP will provide support to the WM Financial Crimes team in managing first line financial crimes-related procedures.
The Financial Crimes Governance and Program Management Procedure AVP will:
Assess regulatory, policy, and technology changes that impacts first-line financial crime risk processes and assist in coordinating planning among impacted stakeholders to address the change's impact to the business
Draft, edit, update, and review various first line financial crimes-related procedures
Manage governance of the Procedure Management process; ensuring documents are updated timely, there are appropriate version controls, approvals are obtained and documented, and maintaining a clear audit trail
In-take change requests and feedback on financial crimes related processes and work with applicable stakeholders and process owners to decision changes and enhancements
Liaise with the Financial Crimes Governance and Program Management Project Management, Training, and Communications teams to drive change, provide input and feedback on project plans, communications, and trainings
Develop concise and effective presentations for senior leadership
Support ad-hoc projects and initiatives from a procedure perspective
Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit
Required Experience:
Minimum 5 years of experience in financial crimes/AML
Experiencing drafting and/or managing procedures
Have a bachelor's degree in Business, Finance, or another related field
Experience supporting compliance projects
Ability to:
Take initiative, analyze, summarize, and communicate effectively
Multitask effectively and appropriately prioritize assignments
Work both independently and in a team environment
Distill complex ideas and concepts into actionable items
Work in a matrixed organization; leveraging resources across the organization to complete deliverables
Develop internal relationships, influence stakeholders, and build consensus
Handle highly confidential information professionally and with appropriate discretion
Additional Skills Desired:
Certified Anti-Money Laundering Specialist (CAMS) designation is a plus
Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)
General knowledge of AML regulatory requirements and expectations (domestic and international)
Strong time management and planning skills
Strong interpersonal skills and ability to communicate effectively both verbally and in writing
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 $80,000 and $135,000 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.