Vice President: Anti-money Laundering Risk Enhanced Due Diligence

Morgan Stanley is a global financial services firm that conducts its business through three principal business segmentsInstitutional 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 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 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 Firms business 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.

Responsibilities:

The WM and U.S. Banks Financial Crimes Risk VP is a part of the WM and U.S. Banks Financial Crimes Risk EDD team and responsible for overseeing risk-relevant activities related to WM and U.S. Banks Financial Crimes Risk. The VP will assess Bank Secrecy Act (BSA) anti-money laundering and reputational risk matters identified through the execution and management of the Firms protocols for both new and existing customers. This includes managing programs and processes to examine potential risk exposure for the addition the WM and U.S. Banks Financial Crimes Risk VP will have ultimate responsibility for the escalation of issues or risks related to these programs and processes.

The WM and U.S. Banks Financial Crimes Risk VP will:

Manage the end-to-end EDD workflow of a program focused on assessing WM and U.S. Banks Financial Crimes risks related to new and existing clients to effectively mitigate potential WM and U.S. Banks risk exposure including but not limited to:

Actively managing and leading strategic initiatives processes and tasks supporting the Firms EDD program.

Providing risk management services in support of the growth of the WM and US Banks businesses.

Lead key projects and initiatives related to assessing and mitigating the Firms exposure to money laundering and reputational risk-relevant activities.

Active pipeline management and engagement with Financial Advisors Complex Management and Risk Officers to onboard new and existing International Banking & Lending client relationships.

Actively identify measure control and remediate money laundering and reputational risk issues with partners in Global Financial Crimes Compliance and the Business Units.

Partner with the Business Units including Private Bankers Lending Advisors and Branch Risk Officers to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience.

Partner with the Second Line of Defense Global Financial Crimes Compliance teams to monitor client relationships on an ongoing basis and ensuring compliance with regulatory expectations.

Manage the implementation of internal policies provide periodic risk relevant reporting to senior stakeholders and make recommendations to improve procedures governing WM and U.S. Banks Financial Crimes risk-related activities.

Manage processes set up to complete Enhanced Due Diligence for Wealth Management and US Banks clients including reviewing customer data and documentation to satisfy BSA/WM and U.S. Banks Financial Crimes Risk Compliance requirements.

Provide oversight and supervisory support for WM and U.S. Banks Financial Crimes Risk Analysts and serve as a point of contact for questions issues and escalations. Actively managing and leading processes supporting the Firms EDD program.

Providing supervisory support and training for WM and U.S. Banks Financial Crimes Risk EDD Reviewers and Managers through developing individual and team skills and providing timely constructive feedback.

Drafting and updating procedures and desktop guidance related to the client onboarding process. Leading key projects and initiatives related to assessing and mitigating the Firms exposure to money laundering and reputational risk-relevant activities

Native or professional fluency in Spanish Portuguese Russian or Chinese is preferred but not required

Qualifications - External

Required Experience:

Have 7 years of relevant experience with BSA/WM and U.S. Banks Financial Crimes Risk 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.).

Have an undergraduate degree in Business Finance or other related field.

Strong knowledge of Know Your Customer Customer Identification Program and CDD requirements.

Strong interpersonal skills and ability to communicate effectively both verbally and in writing.

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

Ability to:

take initiative analyze summarize and communicate effectively.

investigate identify issues impacts and trends to propose comprehensive solutions.

multitask effectively and action matters promptly.

work independently and in a team environment.

handle highly confidential information with appropriate discretion.

work in a high volume fast paced environment; and

work in a matrixed organization leveraging resources across the organization to complete deliverables.

Additional Skills Desired:

Working knowledge of MS Office.

Experience with data and trend analysis related to the management of a Financial Crimes Risk program.

Expertise in managing programs focused on ensuring quality within Financial Crimes Risk programs.

Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent Financial Crimes Risk certification/license is a plus.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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New York: Salary range for the position: $140000 - $200000 Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits including Medical Prescription Drug Dental Vision Health Savings Account Dependent Day Care Savings Account Life Insurance Disability and Other Insurance Plans Paid Time Off (including Sick Leave consistent with state and local law Parental Leave and X Vacation Days annually) 10 Paid Holidays 401(k) and Short/Long Term Disability in addition to other special perks reserved for our employees. Please visit to learn more about our benefit offerings.

Morgan Stanleys 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).