ISG Management - Program Governance, Client Risk Review Associate

Program Governance / Client Risk Review Associate

First Line Financial Crimes Risk

Company Profile

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, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

The 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 FCR Team is considered the First Line of Defense and supports the onboarding and Enhanced Due Diligence processes for Morgan Stanley.

Position Overview

The Program Governance & Client Risk Review Associate will play a key role in establishing and managing a robust governance framework and supporting the execution of Client Risk Review (“CRR”) activities. This position will be responsible for assisting in governance and program oversight, maintaining and enhancing Client Risk item tracking and reporting, and providing support across various governance and CRR-related forums. The ideal candidate will have over 5 years of experience in financial crimes risk, governance, or consulting services, with the ability to effectively manage multiple priorities, create clear, executive-level materials, and collaborate with cross-functional teams to drive FCR team objectives.

Primary Responsibilities

Governance Framework Support & Enhancement:

Assist in the development, implementation, and continuous improvement of FCR's governance framework. Contribute to refining governance structures, processes, and reporting to ensure alignment with regulatory and internal requirements. Lead initiatives to assess and enhance governance processes, including identifying inefficiencies and implementing best practices to streamline governance.

Creation of Executive-Level Presentations:

Create materials for senior stakeholders, ensuring information is clear, concise, and impactful. Contribute to developing content that effectively communicates key messages and aligns with

organizational goals and standards. The ideal candidate would have a consulting background, or experience in a role that required creation and refinement of high-quality presentations for executive-level audiences.

Committee & Governance Forum Support:

Support with the facilitation of governance forums, steering committees, and working groups. Create agendas, document clear and detailed meeting minutes, track action items, and ensure key decisions and risk escalations are properly recorded and communicated.

Program Oversight & Risk Monitoring:

Coordinate across stakeholder teams to drive accountable, aligned outcomes in strategic planning and program execution. Identify cross-functional dependencies and support with monitoring key risks and controls, ensuring timely identification and escalation of issues. Collaborate with relevant teams to ensure risks are mitigated and controls are functioning as designed.

Regulatory Compliance & Controls:

Ensure that the governance program complies with financial crime regulations (e.g., AML, KYC, sanctions), and that internal controls are properly designed and operationally effective. Work closely with Compliance and other stakeholders to ensure adherence to regulatory requirements.

Client Risk Item Tracking & Reporting:

Own and maintain a SharePoint-hosted tracker used for CRR framework item management, including remediation, updates, and version control. Lead process improvement initiatives related to CRR tracking and reporting, identifying opportunities for automation and enhanced collaboration.

Client Risk Review Meeting Support:

Prepare materials for all CRR meetings, ensuring clarity, consistency, and alignment with governance standards. Coordinate inputs from stakeholders across divisions to ensure timely delivery of materials, and respond to and manage CRR-related inquiries from the advisory team and other stakeholders. Document detailed action items and notes during all meetings.

Ongoing Improv