Private Bank, NA; MSPBNA Financial Crimes Risk Office; Wealth Management)– Vice

Position: Morgan Stanley Private Bank, NA (MSPBNA) Financial Crimes Risk Office (Wealth Management)– Vice[...]
Morgan Stanley Private Bank, NA (MSPBNA) Financial Crimes Risk Office (Wealth Management)– Vice President

Join to apply for the Morgan Stanley Private Bank, NA (MSPBNA) Financial Crimes Risk Office (Wealth Management)– Vice President role at Morgan Stanley

Morgan Stanley Private Bank, NA (MSPBNA) Financial Crimes Risk Office (Wealth Management)– Vice President

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Join to apply for the Morgan Stanley Private Bank, NA (MSPBNA) Financial Crimes Risk Office (Wealth Management)– Vice President role at Morgan Stanley

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 Morgan Stanley Private Bank, NA Financial Crimes Risk Office (MSPBNA FCRO) Team is embedded within the Firm’s Wealth Management, US Banks, and Investment Management Financial Crimes Risk (FCR) organization. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk for MSPBNA, including new, existing, and prospective customers.

The MSPBNA FCRO Team is considered the financial crimes risk advisory team within the first line of defense, and provides overall advice and support to first line of defense teams, including Enhanced Due Diligence (EDD), Customer Due Diligence (CDD), Negative News Screening (NNS), Customer Activity Review (CAR) teams. In addition, The MSPBNA FCRO Team works closely with partners and stakeholders in Business Unit, Operations, Technology, and Global Financial Crimes teams that provide support to MSPBNA.

Responsibilities

The MSPBNA FCRO Vice President (VP) is part of the MSPBNA FCRO Team, and is responsible for reviewing and assessing financial crimes-risk relevant activities related to MSPBNA. The MSPBNA FCRO VP will assess Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Know Your Customer (KYC), and reputational risk matters identified through the execution and management of the Firm’s Financial Crimes Risk protocols for new, existing, and prospective MSPBNA customers.

This includes managing programs and processes to examine potential Financial Crimes Risk exposure of MSPBNA and the overall Firm. In addition, the MSPBNA FCRO VP will be responsible for review and escalation of issues and risks related to these programs and processes.

The MSPBNA FCRO Vice President Will

• Implement and manage the 1L Financial Crimes Risk program requirements and controls
• Provide subject matter expertise, guidance, and training to 1L Financial Crimes Risk staff who perform AML, KYC, and EDD reviews for MSPBNA customers
• Manage and assess the financial crimes risks associated with all MSPBNA customers (including all risk rating levels) and the overall MSPBNA business
• Provide day-to-day support including financial crimes risk advice to New Client Onboarding and Periodic Review teams
• Perform financial crimes risk review of MSPBNA products and services, including New Product Approval Process
• Perform financial crimes risk review of MSPBNA customers identified and escalated as part of the WM and ISG Consequence Framework review processes
• Assist in review and escalation of MSPBNA customers escalated via the Negative News and Reputational Risk Escalation Process
• Actively manage and assist in strategic initiatives to promote process standardization, efficiency improvements, and financial crimes risk reduction
• Providing financial crimes risk management and advisory…