Vice President – Data Governance and Oversight (WM and U.S. Banks Financial Crimes Risk Team)

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments - Institutional Securities, Wealth Management, and Investment 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 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 and existing customers, enhanced due diligence, and negative news processes for Morgan Stanley.

Primary Responsibilities:

The Data Governance and Oversight VP is responsible for ensuring adherence with Morgan Stanley Data Governance policies and supporting BSA/AML data initiatives. This position will work closely with second line Global Financial Crimes (GFC) stakeholders to ensure the business is compliant with all relevant Financial Crimes standards, policies, procedures and applicable laws and regulations.  

The Data Governance and Oversight VP will:

•    Ensure that BSA/AML data governance practices align with regulatory requirements, internal policies, and industry best practices.
•    Establish and oversee the data governance framework for BSA/AML compliance, ensuring data integrity, quality, and accessibility across the Wealth Management (including the U.S. Banks) and Investment Management organizations.
•    Develop and enforce policies, standards, and procedures for the effective management of BSA/AML-related data, including data classification, retention, and access controls.
•    Collaborate with data management teams to established BSA/AML Critical Data Elements (CDEs) and to identify and address data quality issues, ensuring timely remediation.
•    Work with technology teams to implement tools and systems that support BSA/AML data governance, including data lineage tracking, metadata management, and analytics platforms.
•    Monitor and validate the accuracy and completeness of data used for BSA/AML risk assessments, transaction monitoring, and regulatory reporting.
•    Develop and maintain key performance indicators (KPIs) and metrics to monitor the effectiveness of data governance practices.
•    Partner with compliance, technology, legal, risk, and operations teams to ensure a consistent approach to data governance and oversight.
•    Oversee the integration of data governance into broader compliance and risk management frameworks.

 
Preferred Experience and Skills:

•    8+ 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.)
•    Have a bachelor’s degree in business, Finance, or other related field;
•    Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
•    Implementation and execution of Financial Crimes Programs requirements
•    Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity.
•    Operate with confidence and comfort in high-paced and high-profile environments.
•    Analyze, summarize and communicate effectively.
•    Distill complex ideas and concepts into actionable items.
•    Identify issues, investigate root causes and propose comprehensive solutions.
•    Handle highly confidential information professionally and with appropriate discretion.
•    Knowledge of Financial Crimes regulatory requirements and expectations
•    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. Our values - putting clients first, doing the right thing, leading with exceptional ideas