Morgan Stanley
Wealth Management Financial Crimes Risk Office; Crypto Assistant Vice President
Morgan Stanley, Purchase, New York, United States, 10577
Overview
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Wealth Management Financial Crimes Risk Office; Crypto Assistant Vice President
role at
Morgan Stanley .
Department Profile The WM and U.S. Banks 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 and higher risk products and services. The WM and U.S. Banks 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.
Responsibilities The Assistant Vice President, WM Financial Crimes Risk Office is responsible for the risk oversight of Financial Crimes and KYC activities within the first line of defense. The role will support leadership in the execution of the strategic direction and oversight of the Morgan Stanley at Work. The role will facilitate 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 and execution of applicable MS' policies, standards, and procedures.
Assistant Vice President, Financial Crimes Risk Office; Crypto
Support the implementation of transformational, high-impact enhancements across Financial Crimes Risk programs to drive risk reduction, implement efficiencies, design and implement new or enhanced controls and improve client experience
Support the execution of target operating model for in-scope Financial Crimes Risk & Control programs, including but not limited to Product Due Diligence, Enhanced Due Diligence for the Crypto offering
Drive consistency and standardization of Risk & Control programs and processes included, but not limited to Crypto
Partner with and influence a wide range of stakeholders from 1st line, 2nd line and 3rd line
Identify, escalate, and support management as it relates to identification and remediation of top & emerging risks
Engage with various 1st line teams across WM to assess the impact of financial crimes risks in their area
Support the implementation of oversight reporting and associated working group forums to review risk items, KRIs, KPIs
Required Experience
5+ years of relevant experience with transformation programs and/or Financial Crimes risk management programs
Have an undergraduate degree in Business, Finance, or other related fields
Strong understanding of Financial Crimes Risk; relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, SEC, OCC, Federal Reserve) is a plus
Regulatory remediation experience at global, large-scale banks is a plus
Strong leadership qualities with the ability to manage teams and demonstrate a strong work ethic as well as a high degree of integrity
Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
Experience in the Crypto industry is a strong plus
Ability To
Deliver high impact with a high sense of urgency
Juggle competing critical priorities while demonstrating timely and tangible progress
Effectively navigate a highly complex and high velocity environment with a wide range of stakeholders
Communicate complex matters in a concise, crisp, and action-oriented manner for different sets of stakeholders, including executive management
Lead with confidence and comfort in high-paced and high-profile environments with minimum supervision
Identify issues, investigate root causes, and escalate promptly
Handle highly confidential information professionally and with appropriate discretion
What You Can Expect From Morgan Stanley We are committed to maintaining the first-class service and high standards of excellence that have defined Morgan Stanley for many years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, and fostering diversity and inclusion - guide decisions to benefit clients, communities, and Morgan Stanley’s more than 80,000 employees in 1,200 offices across 42 countries. Our teams are collaborative and entrepreneurial, and Morgan Stanley supports employees and their families with competitive benefits. There are opportunities to move across the business for those who show passion and grit in their work.
To learn more about our offices across the globe, copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $100K-$135K per year at the commencement of employment. This base pay is part of the total compensation package, which may also include commission, incentive compensation, discretionary bonuses, and other Morgan Stanley sponsored benefit programs.
Equal Employment Opportunity Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). 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, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital status, veteran or military status, genetic information, or any other characteristic protected by law.
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Wealth Management Financial Crimes Risk Office; Crypto Assistant Vice President
role at
Morgan Stanley .
Department Profile The WM and U.S. Banks 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 and higher risk products and services. The WM and U.S. Banks 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.
Responsibilities The Assistant Vice President, WM Financial Crimes Risk Office is responsible for the risk oversight of Financial Crimes and KYC activities within the first line of defense. The role will support leadership in the execution of the strategic direction and oversight of the Morgan Stanley at Work. The role will facilitate 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 and execution of applicable MS' policies, standards, and procedures.
Assistant Vice President, Financial Crimes Risk Office; Crypto
Support the implementation of transformational, high-impact enhancements across Financial Crimes Risk programs to drive risk reduction, implement efficiencies, design and implement new or enhanced controls and improve client experience
Support the execution of target operating model for in-scope Financial Crimes Risk & Control programs, including but not limited to Product Due Diligence, Enhanced Due Diligence for the Crypto offering
Drive consistency and standardization of Risk & Control programs and processes included, but not limited to Crypto
Partner with and influence a wide range of stakeholders from 1st line, 2nd line and 3rd line
Identify, escalate, and support management as it relates to identification and remediation of top & emerging risks
Engage with various 1st line teams across WM to assess the impact of financial crimes risks in their area
Support the implementation of oversight reporting and associated working group forums to review risk items, KRIs, KPIs
Required Experience
5+ years of relevant experience with transformation programs and/or Financial Crimes risk management programs
Have an undergraduate degree in Business, Finance, or other related fields
Strong understanding of Financial Crimes Risk; relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, SEC, OCC, Federal Reserve) is a plus
Regulatory remediation experience at global, large-scale banks is a plus
Strong leadership qualities with the ability to manage teams and demonstrate a strong work ethic as well as a high degree of integrity
Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
Experience in the Crypto industry is a strong plus
Ability To
Deliver high impact with a high sense of urgency
Juggle competing critical priorities while demonstrating timely and tangible progress
Effectively navigate a highly complex and high velocity environment with a wide range of stakeholders
Communicate complex matters in a concise, crisp, and action-oriented manner for different sets of stakeholders, including executive management
Lead with confidence and comfort in high-paced and high-profile environments with minimum supervision
Identify issues, investigate root causes, and escalate promptly
Handle highly confidential information professionally and with appropriate discretion
What You Can Expect From Morgan Stanley We are committed to maintaining the first-class service and high standards of excellence that have defined Morgan Stanley for many years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, and fostering diversity and inclusion - guide decisions to benefit clients, communities, and Morgan Stanley’s more than 80,000 employees in 1,200 offices across 42 countries. Our teams are collaborative and entrepreneurial, and Morgan Stanley supports employees and their families with competitive benefits. There are opportunities to move across the business for those who show passion and grit in their work.
To learn more about our offices across the globe, copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Expected base pay rates for the role will be between $100K-$135K per year at the commencement of employment. This base pay is part of the total compensation package, which may also include commission, incentive compensation, discretionary bonuses, and other Morgan Stanley sponsored benefit programs.
Equal Employment Opportunity Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet). 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, gender identity or expression, sexual orientation, national origin, citizenship, disability, marital status, veteran or military status, genetic information, or any other characteristic protected by law.
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