AVP - Operational Risk Officer, Financial Crimes

The Assistant Vice President, Operational Risk Officer 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 AVP, Operational Risk officer will: - Lead end to end risk identification and assessment for 1L owned Financial Crimes Risks and controls by collaborating with various 1L teams for Wealth Management, Banks and IM to assess the impact of financial crimes risks - Plan and perform internal reviews of procedures and controls residing to ensure that controls are adequately designed and are operating effectively. - Proactively engage appropriate stakeholders and partners to lead the implementation of enhanced processes and controls build-out for any identified control gaps or opportunities for enhancement. - Develop reporting and effectively and timely communicate risk management issues and internal control deficiencies with properly vetted and proposed solutions. - Lead implementation for project deliverables for Risk and Control assessments under the firm-wide Non-Financial Risk Assessment (NFRA) program including creation of risk records under NFRA, mapping of controls and completion of assessment for 1L owned Financial Crimes risks - Review end to end process for creation of missing controls, refresh control ratings, descriptions and issue linkages across 1L FCR risks - Drive consistency and standardization of Risk & Control programs across and within WM and IM - Effectively address second line feedback and challenges to the risk and controls strategy implementation - Create control testing/ monitoring scripts and perform and support control reviews as required - 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 teams - 5+ 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.) - Working knowledge of operational risk management and relevant experience with risk and controls assessments and control testing - 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 requirements - Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes Ability to: - Analyze, summarize, and communicate effectively - 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 discretion - Knowledge of Financial Crimes regulatory requirements and expectations - Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access) - Strong interpersonal skills and ability to communicate effectively both verbally and in writing 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. 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 $100,000 and $135,000 per year at the commencement of employment. 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.