Morgan Stanley
Executive Director, Financial Crimes Policy & Strategic Initiatives Lead | Miami
Morgan Stanley, Miami, Florida, us, 33222
Executive Director, Financial Crimes Policy & Strategic Initiatives Lead
Morgan StanleyMiami, United StatesPosted 4 days agoPermanentbetween $160,000 and $270,000 per yearThe Financial Crimes Policy & Strategic Initiatives Lead (Executive Director) is part of the First Line Financial Crimes Risk Office Team responsible for the requirements and maintenance of the first line of defense financial crimes program defining risk mitigant strategy, policy changes and technology requirement for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.
The Senior leader will engage with business, CMO, technology, second line of defense, and other partners to develop, enhance and redesign Financial Crimes Policy, process and procedure requirements focusing on risk mitigation and enhanced execution. Leads coordination efforts and sets strategic priorities and direction for the development and implementation of the new programs requirements to ensure regulatory compliance and effective execution. Focused on enhanced control environment, reduced manual processes, and automated controls. Serves as a trusted advisor to the business and partners to deliver solutions to complex and elevated issues.Responsibilities:Oversee and execute the development and implementation of new processes, requirements, policy changes, and design of new operating models for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.Provide detailed guidance on enhancements needed for Financial Crimes program including AML, Sanctions and Tax evasion controls.Provide oversight and guidance in the assessment of complex issues, structure potential solutions, and drive effective resolution with senior stakeholders.Work autonomously influencing changes in policies, processes and procedures in coordination with multiple leadership teams, stakeholders and second line of the defense partners.Actively manage and lead strategic initiatives, processes and tasks supporting the financial crimes program.This role serves as primary escalation point for significant matters/exceptions for the Financial Crimes Policy and Strategic Initiatives team.Assess Global Financial Crimes policy looking for pragmatic opportunities aligned to business practices to adjust policy to reduce operational impact and increase efficiency while still maintaining the spirit of the policy.Collaborate with, and provide credible challenge to the Business, Operations, Second Line of defense, and other strategic partners for the design, implementation, and maintenance of controls to manage the Financial Crimes Risk program.Support the risk mitigation strategies for findings from risk assessment, audit findings, regulatory exams, potential violations of law.Support projects and initiatives related to assessing and mitigating the Firm's exposure to financial crimes and operational risks.Actively identify, measure, control and remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Units.Manage the review and implementation of internal policies, provide periodic risk relevant reporting to senior stakeholders and make recommendations to improve processes governing financial crimes related activities.Work with CMO Design Team and Project Management Office on critical business initiatives including project plans, meeting cadence, risk assessment, requirements development, testing and implementation oversight and regular communication/updates to Senior Executives.Based on Policy changes and new Regulatory requirements work with CMO Design Team and Project Management Office including Technology to implement well thought through requirements to support overall Financial Crimes program Book of work.Provide oversight and supervisory support for members of the team.Lead key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk-relevant activities.Ability to manage multiple work streams with conflicting priorities in a fast-paced environment.Strong communication skills.Highly proficient in PowerPoint deck development and ability to craft messages to audience in a concise, effective, and proactive manner.Think outside the box to develop solutions to improve our financial crimes program with goals of enhancing controls, implementing efficiency and improving customer experience.Required Experience:Have 10+ years of relevant experience with BSA/AML 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.);Proactive and self-motivated.Strong leadership and team management skills.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.Strong organizational and time management skills.Project Management skills on large deliverables with numerous stakeholders across many functional areas.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; andWork 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 an AML program;Expertise in managing programs focused on ensuring quality within AML programs;Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.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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Morgan StanleyMiami, United StatesPosted 4 days agoPermanentbetween $160,000 and $270,000 per yearThe Financial Crimes Policy & Strategic Initiatives Lead (Executive Director) is part of the First Line Financial Crimes Risk Office Team responsible for the requirements and maintenance of the first line of defense financial crimes program defining risk mitigant strategy, policy changes and technology requirement for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.
The Senior leader will engage with business, CMO, technology, second line of defense, and other partners to develop, enhance and redesign Financial Crimes Policy, process and procedure requirements focusing on risk mitigation and enhanced execution. Leads coordination efforts and sets strategic priorities and direction for the development and implementation of the new programs requirements to ensure regulatory compliance and effective execution. Focused on enhanced control environment, reduced manual processes, and automated controls. Serves as a trusted advisor to the business and partners to deliver solutions to complex and elevated issues.Responsibilities:Oversee and execute the development and implementation of new processes, requirements, policy changes, and design of new operating models for Wealth Management & E*TRADE including supporting US Banks, and Investment Management business.Provide detailed guidance on enhancements needed for Financial Crimes program including AML, Sanctions and Tax evasion controls.Provide oversight and guidance in the assessment of complex issues, structure potential solutions, and drive effective resolution with senior stakeholders.Work autonomously influencing changes in policies, processes and procedures in coordination with multiple leadership teams, stakeholders and second line of the defense partners.Actively manage and lead strategic initiatives, processes and tasks supporting the financial crimes program.This role serves as primary escalation point for significant matters/exceptions for the Financial Crimes Policy and Strategic Initiatives team.Assess Global Financial Crimes policy looking for pragmatic opportunities aligned to business practices to adjust policy to reduce operational impact and increase efficiency while still maintaining the spirit of the policy.Collaborate with, and provide credible challenge to the Business, Operations, Second Line of defense, and other strategic partners for the design, implementation, and maintenance of controls to manage the Financial Crimes Risk program.Support the risk mitigation strategies for findings from risk assessment, audit findings, regulatory exams, potential violations of law.Support projects and initiatives related to assessing and mitigating the Firm's exposure to financial crimes and operational risks.Actively identify, measure, control and remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Units.Manage the review and implementation of internal policies, provide periodic risk relevant reporting to senior stakeholders and make recommendations to improve processes governing financial crimes related activities.Work with CMO Design Team and Project Management Office on critical business initiatives including project plans, meeting cadence, risk assessment, requirements development, testing and implementation oversight and regular communication/updates to Senior Executives.Based on Policy changes and new Regulatory requirements work with CMO Design Team and Project Management Office including Technology to implement well thought through requirements to support overall Financial Crimes program Book of work.Provide oversight and supervisory support for members of the team.Lead key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk-relevant activities.Ability to manage multiple work streams with conflicting priorities in a fast-paced environment.Strong communication skills.Highly proficient in PowerPoint deck development and ability to craft messages to audience in a concise, effective, and proactive manner.Think outside the box to develop solutions to improve our financial crimes program with goals of enhancing controls, implementing efficiency and improving customer experience.Required Experience:Have 10+ years of relevant experience with BSA/AML 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.);Proactive and self-motivated.Strong leadership and team management skills.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.Strong organizational and time management skills.Project Management skills on large deliverables with numerous stakeholders across many functional areas.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; andWork 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 an AML program;Expertise in managing programs focused on ensuring quality within AML programs;Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.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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