Financial Crimes Risk Office – WM and US Banks Program Design – Policy Adherence & Risk Management – Assistant Vice President

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments—Institutional 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. 
 
The WM and U.S. Banks Financial Crimes Risk 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 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.
 
The Financial Crimes Risk Program Design team is a component of the broader WM and U.S. Banks Financial Crimes Risk Office. The Program Design’s key function is to partner with stakeholders across the first and second lines of defense to identify areas of opportunity to further enhance and streamline 1LOD systems, processes, and control/reporting environments to continuously drive improvements to workflow and client experience / engagement.
 
Responsibilities:

The Policy Adherence & Risk Management AVP is responsible for supporting the ongoing oversight of the 1LOD Financial Crimes Risk program, identifying areas of opportunity for program enhancement, development of frameworks to drive operationalization of complex initiatives, and design of a robust control environment with a primary focus to continuously minimize impacts across the front, middle and back office while maximizing client experience / engagement. 

- Support financial crimes programmatic readiness, inclusive of designing and rolling out programmatic trainings and procedures
- Establish and manage relationships with senior stakeholders and cross-functional teams to drive alignment on project goals, risk mitigation, and firm objectives
- Collaborate with internal and external teams to ensure consistent delivery of transformation initiatives while meeting evolving regulatory requirements
- Support in the development and implementation of robust end-to-end frameworks for program enhancement initiatives to drive compliance with AML/KYC Policy expectations and regulatory commitments
- Partner with Global Financial Crimes across 2LOD and peers within 1LOD to identify areas of opportunity to champion change and improve client experience
- Manage identified Issues through defining strategic remediation and Action Plans, ensuring minimal business impact while maintaining timely delivery
- Support oversight efforts in managing risk associated to client populations across lines of business to drive consistency in process management
- Oversee the implementation of governance structures with a focus on cataloguing critical risk, socializing mitigation efforts, and aligning with partners and senior stakeholders on short-term and long-term solutioning for complex concepts
                              
Qualifications 

Required Experience:
- 5+ years of risk management, compliance, control, and/or audit experience in a Bank or financial services institute with a demonstrated record of success and/or growth.
- Have an undergraduate degree in Business, Finance, Law-related or other related field.
- Deep functional knowledge of the Wealth industries and applicable Financial Crimes (AML, KYC, Anti-Tax Evasion, Anti-Bribery & Corruption, Transaction Monitoring, and Economic Sanctions) rules, regulations, policies, and processes with preferred knowledge of and experience of Anti-Money Laundering (AML) and Sanctions programs.
- Ability to interpret policy and understand downstream operational/system implications. 
- Proven ability to learn systems quickly (ideally KYC systems or operational platforms).
- Ability to map policy requirements into business processes and system logic. 
- Experience with stakeholder management, engaging with frontline, compliance, legal, technology, communications, and other cross-functional teams. Strong ability to drive productive discussions that result in clear decision-making across multiple stakeholders. 
- Comfort tracking milestones, dependencies, and RAG statuses across teams.
- Superi