Morgan Stanley
ISG Management - Financial Crimes Risk, Regulatory and Audit Issues Management -
Morgan Stanley, New York, New York, us, 10261
Job Description - ISG Management - Financial Crimes Risk, Regulatory and Audit Issues Management - VP/ED (3261960)Job Number:
3261960Posting Date
Primary Location
Americas-United States of America-New York-New YorkJob
Employment Type: Full TimeJob Level: Executive DirectorDescription
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 43 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 ethics. 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.Department ProfileThe ISG Financial Crimes Risk (“FCR”) 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.Primary Responsibilities
Lead production of accurate and timely responses for testing and identified issuesDefine and execute against financial crimes ad hoc and strategic initiatives for ISG first lineCoordinate with cross-functional stakeholders to identify/agree on issue scoping, process, dependencies, milestones, and major deliverablesDraft, review and edit various forms of reports, memos, presentations to ensure clarity, accuracy, and consistency in messagingAssist with the design and development of comprehensive plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations)Develop concise and effective presentations for senior leadershipDefine and execute against financial crimes training strategy initiatives for ISG’s first lineOwn and innovate the issue management system and maintain a robust issue management frameworkMaintain documentation related to the testing and issue process, subsequent changes, and reportingMonitor forecasting requirements, identify thematic concerns, and escalate as appropriateDevelop and present related management reportingOversee and coordinate related control execution and frameworkLiaise with other functions on broader changes/initiativesCollaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal AuditWork closely with senior management to implement necessary changes in AML/KYC procedures and controls based on quality review findingsStay updated on evolving AML/KYC regulations, industry trends, and emerging risks, and ensure that KYC Sustainability processes are adapted accordinglyRepresent the ISG FCR Team in relevant governance forums and meetings with 2nd and 3rd lineChallenge existing systems and processes, looking for enhancements and efficiencies where possibleCreate and maintain artifacts to illustrate Financial Crime Risk controls to internal and external stakeholdersWork with internal stakeholder to coordinate responses to internal and external audit inquiriesDefine governance processes to verify the accuracy of procedural evidence presented to internal and external auditorsSupport work on other special projects, as neededRole will require in office attendance 5 days/week.Qualifications
Experience Required:• 5+ years professional experience in a financial crimes/anti-money laundering group (or similar) at a financial institution• Bachelor's degree or equivalentSkills Required:• Thorough knowledge of AML/KYC regulations and standards, including local and international requirements• Strong analytical skills with an eye for detail and the ability to identify issues and recommend corrective actions• Excellent communication and leadership skills, with the ability to provide constructive feedback and drive process improvements• Prior experience in overseeing or performing quality control reviews, audits, and implementing corrective actions• Prior experience with Regulatory exams and communicating with Regulators• Exceptional problem-solving abilities and a proactive approach to challenges• Ability to adapt to a rapidly changing regulatory environment• Advanced knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access)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 matrixed organization, leveraging resources across the organization to complete deliverables• Work in a high volume, fast paced environmentExpected base pay rates for the role will be between $145,000 and $250,000 per year for Vice President, and between $225,000 to $300,000 per year for Executive Director, 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 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).
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3261960Posting Date
Primary Location
Americas-United States of America-New York-New YorkJob
Employment Type: Full TimeJob Level: Executive DirectorDescription
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 43 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 ethics. 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.Department ProfileThe ISG Financial Crimes Risk (“FCR”) 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.Primary Responsibilities
Lead production of accurate and timely responses for testing and identified issuesDefine and execute against financial crimes ad hoc and strategic initiatives for ISG first lineCoordinate with cross-functional stakeholders to identify/agree on issue scoping, process, dependencies, milestones, and major deliverablesDraft, review and edit various forms of reports, memos, presentations to ensure clarity, accuracy, and consistency in messagingAssist with the design and development of comprehensive plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations)Develop concise and effective presentations for senior leadershipDefine and execute against financial crimes training strategy initiatives for ISG’s first lineOwn and innovate the issue management system and maintain a robust issue management frameworkMaintain documentation related to the testing and issue process, subsequent changes, and reportingMonitor forecasting requirements, identify thematic concerns, and escalate as appropriateDevelop and present related management reportingOversee and coordinate related control execution and frameworkLiaise with other functions on broader changes/initiativesCollaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal AuditWork closely with senior management to implement necessary changes in AML/KYC procedures and controls based on quality review findingsStay updated on evolving AML/KYC regulations, industry trends, and emerging risks, and ensure that KYC Sustainability processes are adapted accordinglyRepresent the ISG FCR Team in relevant governance forums and meetings with 2nd and 3rd lineChallenge existing systems and processes, looking for enhancements and efficiencies where possibleCreate and maintain artifacts to illustrate Financial Crime Risk controls to internal and external stakeholdersWork with internal stakeholder to coordinate responses to internal and external audit inquiriesDefine governance processes to verify the accuracy of procedural evidence presented to internal and external auditorsSupport work on other special projects, as neededRole will require in office attendance 5 days/week.Qualifications
Experience Required:• 5+ years professional experience in a financial crimes/anti-money laundering group (or similar) at a financial institution• Bachelor's degree or equivalentSkills Required:• Thorough knowledge of AML/KYC regulations and standards, including local and international requirements• Strong analytical skills with an eye for detail and the ability to identify issues and recommend corrective actions• Excellent communication and leadership skills, with the ability to provide constructive feedback and drive process improvements• Prior experience in overseeing or performing quality control reviews, audits, and implementing corrective actions• Prior experience with Regulatory exams and communicating with Regulators• Exceptional problem-solving abilities and a proactive approach to challenges• Ability to adapt to a rapidly changing regulatory environment• Advanced knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access)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 matrixed organization, leveraging resources across the organization to complete deliverables• Work in a high volume, fast paced environmentExpected base pay rates for the role will be between $145,000 and $250,000 per year for Vice President, and between $225,000 to $300,000 per year for Executive Director, 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 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).
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