Morgan Stanley
KYC Quality Control Testing Officer / Quality Control Program Lead – Vice Presid
Morgan Stanley, Tampa, Florida, us, 33646
Financial Crimes Risk Team Member
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.
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. 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.
Primary Responsibilities
Review QC findings prepared by the QC Analyst / Manager and focus on analysis of associated risk factors
Assist in preparing ongoing and ad hoc reporting for senior management
Escalate potential risk issues associated with new and existing account customer profiles with internal management and the Second Line of Defense Bank AML Compliance teams
Contribute to the planning and performance of internal reviews of controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively
Assist in maintaining and updating procedures and proposing testing methods or alternative recommendations for process improvements and program efficiency
Experience Required
Bachelor's degree in related field or an equivalent combination of training and experience
Minimum 7 years of experience in financial crimes / AML compliance testing, Audit or similar related QA / QC testing experience at a financial institution
Skills Required Expert knowledge of AML regulatory requirements and expectations (Domestic US and International non-US), MS WM and U.S. Banks Financial Crimes Risk policies and procedures, KYC standards, and QC Program. Strong communications, analytical, organizational, project management and planning skills to be able to develop QC Testing Program, test scripts, testing reports and metrics reporting and manage testing analysts. Strong managerial experience leading teams of 6-10 people. Strong knowledge of business, products, operations, systems and organization to be able to execute the QC Program. Basic knowledge of MS Office (Microsoft Excel / PowerPoint / Word / Access). Experience with data and trend analysis related to the management of an AML program. Experience in AML / CFT and / or Legal / Regulatory Compliance.
Ability to take initiative, analyze, summarize, and communicate effectively. Investigate, identify issues, impacts and trends as a result of QC testing to propose comprehensive solutions for the business unit and / or organization. Multitask effectively and action matters promptly. Work independently and in a team environment. Handle highly confidential information with appropriate discretion. Work in a high volume, fast paced environment. Work in a matrixed organization, leveraging resources across the organization to perform QC activity and effect change based on QC findings.
Additional Skills Desired Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification / license / audit / control testing certification (is a plus)
Expected base pay rates for the role will be between $95K-$170K 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 is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet). #J-18808-Ljbffr
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. 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.
Primary Responsibilities
Review QC findings prepared by the QC Analyst / Manager and focus on analysis of associated risk factors
Assist in preparing ongoing and ad hoc reporting for senior management
Escalate potential risk issues associated with new and existing account customer profiles with internal management and the Second Line of Defense Bank AML Compliance teams
Contribute to the planning and performance of internal reviews of controls residing within various product and business areas to ensure that controls are adequately designed and are operating effectively
Assist in maintaining and updating procedures and proposing testing methods or alternative recommendations for process improvements and program efficiency
Experience Required
Bachelor's degree in related field or an equivalent combination of training and experience
Minimum 7 years of experience in financial crimes / AML compliance testing, Audit or similar related QA / QC testing experience at a financial institution
Skills Required Expert knowledge of AML regulatory requirements and expectations (Domestic US and International non-US), MS WM and U.S. Banks Financial Crimes Risk policies and procedures, KYC standards, and QC Program. Strong communications, analytical, organizational, project management and planning skills to be able to develop QC Testing Program, test scripts, testing reports and metrics reporting and manage testing analysts. Strong managerial experience leading teams of 6-10 people. Strong knowledge of business, products, operations, systems and organization to be able to execute the QC Program. Basic knowledge of MS Office (Microsoft Excel / PowerPoint / Word / Access). Experience with data and trend analysis related to the management of an AML program. Experience in AML / CFT and / or Legal / Regulatory Compliance.
Ability to take initiative, analyze, summarize, and communicate effectively. Investigate, identify issues, impacts and trends as a result of QC testing to propose comprehensive solutions for the business unit and / or organization. Multitask effectively and action matters promptly. Work independently and in a team environment. Handle highly confidential information with appropriate discretion. Work in a high volume, fast paced environment. Work in a matrixed organization, leveraging resources across the organization to perform QC activity and effect change based on QC findings.
Additional Skills Desired Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification / license / audit / control testing certification (is a plus)
Expected base pay rates for the role will be between $95K-$170K 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 is an equal opportunity employer committed to diversifying its workforce (M / F / Disability / Vet). #J-18808-Ljbffr