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 (IM). 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 Financial Crimes Risk Team is embedded within the Firm's business line. It is responsible for identifying, assessing, and escalating potential money laundering, economic sanctions, tax-evasion, bribery, corruption, and reputational risk issues associated with higher risk client types. The WM Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, negative news processes, among others, for Morgan Stanley.Responsibilities: The Assistant Vice President, WM Financial Crimes Risk & Controls is responsible for assisting in the execution of the firm's first line Financial Crimes program for WM. The role will be responsible for assisting in the execution of the strategic direction of the Financial Crimes programs, performing oversight responsibilities and escalating potential gaps and risks.This position will work closely with the business, the second- and third-line stakeholders to ensure the business is compliant with all relevant Financial Crimes laws and regulations through the proper implementation an execution of applicable MS' policies, standards, and procedures. The Assistant Vice President, WM Financial Crimes Risk & Controls will: • Support the identification & implementation of transformational, high-impact enhancements across Financial Crimes Risk & Control programs to drive risk reduction and improve client experience • Promote consistency and standardization of Risk & Control programs across and within WM and IM • Plan and perform internal reviews of procedures and controls to ensure that controls cover the entirety of 1L FCR processes, are adequately designed and maintained, and are operating effectively • Effectively communicate risk management issues and internal control deficiencies with properly vetted and proposed solutions in a timely manner • Develop proactive, action-oriented and regular reporting of progress, key risks and mitigants • Effectively address second line feedback and challenges to the risk and controls strategy implementation • Assist in the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by second line • Assist with the design and development of comprehensive action plans as required (e.g. regulatory, strategic, transformation initiatives or policy implementations.) • Collaborate with internal stakeholders including Business Leaders, Second Line, Technology, and Internal Audit • Provide with advisory, guidance and training to the first line teamsRequired Experience: > 5+ years of relevant experience with experience in Financial Crimes risk management programs > Experience managing risk and controls is a plus > Have an undergraduate degree in Business, Finance, or other related fields > Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity > Implementation and execution of Financial Crimes Programs requirementsAbility to: > Deliver high impact with a high sense of urgency >Analyze, summarize, and communicate effectively and succinctly > Operate with confidence and comfort in high-paced and high-profile environments with minimum supervision > Multitask effectively and execute actions promptly > Identify issues, investigate root causes, and escalate promptly > Handle highly confidential information professionally and with appropriate discretionAdditional Skills Desired: > Knowledge of Financial Crimes regulatory requirements and expectations > Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access) > Strong time management and planning skills > Strong interpersonal skills and ability to communicate effectively both verbally and in writingWHAT 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, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.Expected base pay rates for the role will be between $100K-$135K per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.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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