Assistant Vice President – Financial Crimes Risk – Governance and Program Management - Procedure Governance

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.

Department Profile:

The WM and U.S. Banks 1L 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 1L 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.

Primary Responsibilities:

The Financial Crimes Procedure Governance AVP will provide support to the Financial Crimes Risk team in governing first line financial crimes-related procedures.

The Financial Crimes Procedure Governance AVP will:

• Assist in maintaining the 1L Financial Crimes Risk Procedure Governance Program
• Provide horizontal oversight of procedure documentation across the 1L Financial Crimes Risk organization, ensuring consistency between documents and teams
• Maintain the golden source procedure inventory where all procedure documents are recorded and tracked
• Review and challenge all procedure documents; serve as a tollgate for the publication of all Financial Crimes Risk procedure documents
• Ensure procedure governance best practices are followed; including but not limited to, ensuring documents are updated timely, there are appropriate version controls, approvals are obtained and documented, and maintaining a clear audit trail
• Provide reporting to senior management on the status of procedure updates and regularly reach out to key stakeholders for status updates
• Assists in the development and management of policy and procedure exception processes
• Assists procedure owners with the coordination of approvals of documents, as needed
• Suggests process enhancements and changes to process owners, as appliable
• Maintains inventory of historic procedure iterations, along with corresponding approvals, and provides requested procedure documentation as part of regulatory or audit requests
• Liaise with process owners, program management teams, training, and communication teams to drive change, provide input and feedback on project plans, communications, and trainings
• Develop concise and effective reporting and presentations for senior leadership
• Support ad-hoc projects and initiatives from a procedure perspective

Required Experience:

• Minimum 5 years of experience in financial crimes/AML
• Experiencing drafting and/or managing procedures
• Have a bachelor’s degree in Business, Finance, or another related field
• Experience supporting compliance projects

Ability to:

• Take initiative, analyze, summarize, and communicate effectively
• Multitask effectively and appropriately prioritize assignments
• Work both independently and in a team environment
• Distill complex ideas and concepts into actionable items
• Work in a matrixed organization; leveraging resources across the organization to complete deliverables
• Develop internal relationships, influence stakeholders, and build consensus
• Handle highly confidential information professionally and with appropriate discretion

Additional Skills Desired:

• Certified Anti-Money Laundering Specialist (CAMS) designation is a plus
• Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)
• General knowledge of AML regulatory requirements and expectations (domestic and international)
• Strong time management and planning skills
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years.