Assistant Vice President, 1L Financial Crimes Risk, Data Analytics and Reporting

Morgan Stanley (MS) 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 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 (FCR) department is embedded within the Firms business line. It is responsible for identifying assessing and escalating potential money laundering and reputational risk issues associated with higher risk client types. The FCR department is considered the first line of defense and supports the onboarding enhanced due diligence and negative news processes for Morgan Stanley.

Position Summary:

Our key priority is to design and build Wealth Management Bank and Investment Management Risks ability to aggregate analyze and report on relevant risk factors within the FCR segment across these Morgan Stanley businesses.

The Data Analytics and Reporting Team (DART) within FCR is seeking a candidate who will provide analytical and reporting automation support for the financial crimes program regulatory thematic updates and transformation initiatives across the first line financial crimes addition to working within FCR the employee will also collaborate with the Business IT Legal and Compliance and Bank and Field Management.

Key Responsibilities:

Our key priority is to design and build the first line Financial Crimes Risk supervisory framework and control structures. This includes the ability to aggregate analyze and report on key risk factors in the Financial Crimes space across WM Bank and Investment Management businesses particularly with respect to heightened risk client types and international wealth businesses and compliance with relevant policies and procedures when servicing ideal candidate will have experience in managing complex strategic projects related to risk oversight in financial crimes have expertise in data management and reporting as well as good strategic thinking and communication skills to produce effective monitoring of existing and emerging risks and ultimately effect change in the business risk management practices.

The candidate will be responsible for collecting processing and analyzing data from various sources. The employee will be expected to work independently as well as part of a team to execute the full cycle of quantitative analysis. This includes sourcing raw data quality checking the data transforming data as necessary and using data to draw sound conclusions and help drive risk policies. This role requires familiarity with datasets larger than four million records and to build automated and scalable tools for reporting and analysis. The employee will take initiative and responsibility to drive tasks addition to data management the ability to reach conclusions quickly and consistently will be critical to being successful in this role. The candidates primary responsibilities will include:

• Support development of control structure based on ongoing analysis and relevant risks related to the first line financial crimes risk program including regulatory and transformation initiatives
• Through data-driven analyses liaise with functional area representatives from FCR and its stakeholders to identify and assess potential gaps in the risk framework and provide recommendations on control structures
• Assist with developing requirements and work closely with technology data & analytics and operations teams to drive relevant data sourcing systemic control development
• Manage projects to build automated and scalable tools for reporting analysis and gaining efficiencies in financial crimes risk processes
• Assist in designing and implementing a holistic risk management framework for the firms financial crimes risk program
• Integrate new data queries and insights into existing supervision framework
• Perform data analysis on special topics related to key events and regulations
• Assist in building data pipelines to support risk management process
• Engage senior stakeholders across 1st and 2nd lines on special initiatives and ongoing financial crimes related risk matters
• Expand the use of AI across 1st line FCR data driven activities and processes to drive efficiency and automation

Required Skills:

• Have 5 years of relevant experience with BSA/AML Regulations within the financial services industry or at a financial services regulator (e.g. FINRA Office of the Comptroller of the Currency Federal Reserve Bank Securities and Exchange Commission etc.)
• Have a bachelors degree in Business Finance or other related field
• Strong knowledge of SQL and Python
• Strong project management skills and ability to manage many competing priorities
• Experience visualizing data for reporting and end user analysis using tools like Tableau
• Practical experience with applying statistical models to solve business problems
• A quantitative degree e.g. Math Statistics Computer Science Finance
• Experience in risk management financial industry and/or business management. Knowledge related to Wealth Management a plus
• Working knowledge of financial risk management concepts with a desire to quickly acquire deeper proficiency
• Familiarity with Agile software development and software design patterns is a plus
• Excellent written and verbal communication skills and comfortable interfacing with senior personnel on highly sensitive issues
• Proven ability to work across departments to influence others and build strong relationships
• Strong belief in purposeful evolution innovation and digital transformation
• Attention to detail high level of initiative and resourcefulness and ability to problem solve demonstrate good business judgment and integrity
• Proficiency in Microsoft programs including Outlook Word PowerPoint and Excel

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve done that for 90 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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Expected base pay rates for the role will be between $100K-$135K 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.

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).