Vice President – Risk and Controls Officer

Vice President – Risk and Controls Officer

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.

The Investment Management (IM) 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 IM Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

• Lead end to end risk identification and assessment for 1L owned Financial Crimes Risks and controls by collaborating with various 1L teams for 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
• 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.

• 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.)
• Relevant experience managing implementation of operational risk framework including risk and controls assessments and control management is required
• Bachelor’s degree in Business, Finance, Legal, or other related fields.
• Strong understanding of Investment Management processes as well as Investment due diligence practices for Public and Private Funds.
• 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
• Certified as an Anti‑Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.

• Analyze, summarize, and communicate effectively
• Operate with confidence and comfort in high‑paced and high‑profile environments with minimum supervision
• Distill complex ideas and concepts into…