HYRBID: Global Financial Crimes: Monitoring & Screening Risk & Control Assessment Officer
POSTING DATE: Mar 28, 2023
PRIMARY LOCATION: Americas-United States of America-New York-New York
OTHER LOCATIONS: Americas-United States of America-Georgia-Alpharetta, Americas-United States of America-Maryland-Baltimore
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
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 integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career — a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.
Background on the Team
The GFC Monitoring and Screening Controls team is a central program management team of specialists and experts responsible for managing complex, cross-functional initiatives as well as the development, enhancement and governance of technology controls that support the Firm's AML, KYC and Sanctions obligations. The remit of the team includes suspicious activity/AML transaction monitoring, sanctions screening, negative news and politically exposed persons (PEP) screening, customer activity reviews and the Enterprise Customer Risk Ranking (ECRR) program.
Position Description
We're looking for program manager to join the GFC Monitoring and Screening Controls team to develop and lead the Program's Risk and Controls Assessment (RCA) process. In this role, the candidate will focus on enhancing the current AML typology review and RCA processes to address Risk scoping and assessment unit application, and risk and controls assessment approaches for both inherent and residual risks, as well as identifying areas where technology can further support the framework.
This position report will report to the Head of GFC Monitoring and Screening Controls Governance.
Primary Responsibilities
> Lead and enhance the Monitoring and Screening Risk and Control Assessment (RCA) end-to-end processes
> Work with subject matter experts across GFC Advisory, the Business and Technology in the coordination of inherent risk assessments, control performance self-assessments, residual risk validation and any remediation planning
> Support and coordinate the delivery of plans based on the outputs of the RCA processes
> Facilitate and attend key governance forums related to the RCA, partnering with stakeholders to develop materials, advising and assisting with key decision making
> Provide documentation and contribute to discussions with internal and external control functions (including internal audit and regulators)
> Lead the coordination and delivery of key management information reporting to senior management
> Regularly engage in performance analysis, specifically to analyze the successful completion of short- and long-term goals
> Bring thought leadership and experience to the program, empowered to make changes to optimize and streamline existing processes
> Help to drive innovation and continuous improvement within the GFC Monitoring and Screening Control team through the management of related strategic projects as well as the development and implementation of global frameworks and best practices
Skills Desired
> 7+ years relevant work experience coordinating risk and control assessments, preferably at a large/complex financial institution
> Proven ability to take ideas forward and to challenge others with integrity and maturity
> Strong organizational skills and an ability to manage multiple demands and changing priorities
> Excellent executive presentation and communication skills with demonstrable history of driving discussion, collaboration and decision making at the senior-leadership level
> Thrive on the challenge of change, with the long-term goal of delivering sustainable solutions
> Strong influencing skills to achieve alignment up and down the organization
> Knowledge of AML risks and associated taxonomies
> Technology savvy with ability to quickly learn new systems and tools, and to identify and implement enhancements
> Ability to perform analysis, identify problems, and design solutions in a collaborative manner within a fast-paced environment
> Outstanding judgement, analytical skills, and critical thinking, including ability to analyze data to draw conclusions/themes and think strategically about presentation of materials
> Ability to work in a proactive and self-directed way with minimal direction and task management
> Strong interpersonal and teamwork skills
> Excellent MS Office skills, including Excel, PowerPoint, and Teams
> Required: Be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire
Expected base pay rates for the role in New York will be between 110000 and 190000 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).