Morgan Stanley
Global Financial Crimes Controls - Transaction Monitoring Director
Morgan Stanley, Dallas, Texas, United States, 75201
Risk And Controls Assessment Specialist
We are seeking a strategic and experienced professional to serve as a Risk and Controls Assessment (RCA) Specialist within its Global Financial Crimes (GFC) Strategy team. In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Director level position within the GFC Strategy Team, which will be responsible for owning and continuously enhancing the end-to-end RCA process related to AML Red Flags, transaction monitoring scenarios, and risk factor governance. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. What you'll do in the role: Support the RCA lifecycle, including annual AML Red Flags assessments, product/service risk analyses, inherent and residual risk evaluations, and control effectiveness scoring. Define and support implementation of governance structures for transaction monitoring scenarios and risk factors, including ownership, review cycles, and formal escalation protocols. Contribute to continuous improvement of the RCA methodology through standardization, integration of technology, and use of advanced analytics. Support qualitative and quantitative reviews of transaction monitoring scenarios, including gap analysis at the product/service level. Implement formal mechanisms for evaluating effectiveness of scenarios, including review of suspicious activity from non-alerted sources. Maintain a comprehensive controls framework with structured processes for identifying and addressing control gaps. Collaborate with GFC Advisory, Business Units, Technology, and other control partners to execute RCA activities and support remediation plans. Develop and contribute to materials for senior management, governance committees, internal audit, and regulators. Act as a subject matter resource for RCA-related topics, ensuring alignment and transparency across stakeholders. Participate in cross-functional projects and transformation efforts; Support the use of automation, data analytics, and technology solutions to enhance risk assessments. What you'll bring to the role: 4+ years of experience in AML, risk management, or control functions within a large financial institution. Bachelor's degree required; advanced degree or professional certifications (e.g., CAMS, CISA) preferred. Proven experience contributing to complex AML control and assessment initiatives. Strong knowledge of AML and sanctions risks, transaction monitoring frameworks, and risk/control taxonomies. Familiarity with AML detection platforms such as Actimize, SAS, Oracle, etc. is a plus. Experience with advanced analytics or machine learning is a plus. Strong organizational, analytical, and critical thinking capabilities. Effective communicator with ability to engage senior stakeholders and cross-functional teams. Comfortable working independently in a fast-paced, evolving environment. Resilient, solutions-oriented, and committed to continuous improvement. Where You'll be Working This role will require in office attendance 3 days/week. Two of those days will be Anchor Days where you will be in the office with your teammates to learn, grow, and collaborate in person. What You Can Expect From Morgan Stanley: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. 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).
We are seeking a strategic and experienced professional to serve as a Risk and Controls Assessment (RCA) Specialist within its Global Financial Crimes (GFC) Strategy team. In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is a Director level position within the GFC Strategy Team, which will be responsible for owning and continuously enhancing the end-to-end RCA process related to AML Red Flags, transaction monitoring scenarios, and risk factor governance. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. What you'll do in the role: Support the RCA lifecycle, including annual AML Red Flags assessments, product/service risk analyses, inherent and residual risk evaluations, and control effectiveness scoring. Define and support implementation of governance structures for transaction monitoring scenarios and risk factors, including ownership, review cycles, and formal escalation protocols. Contribute to continuous improvement of the RCA methodology through standardization, integration of technology, and use of advanced analytics. Support qualitative and quantitative reviews of transaction monitoring scenarios, including gap analysis at the product/service level. Implement formal mechanisms for evaluating effectiveness of scenarios, including review of suspicious activity from non-alerted sources. Maintain a comprehensive controls framework with structured processes for identifying and addressing control gaps. Collaborate with GFC Advisory, Business Units, Technology, and other control partners to execute RCA activities and support remediation plans. Develop and contribute to materials for senior management, governance committees, internal audit, and regulators. Act as a subject matter resource for RCA-related topics, ensuring alignment and transparency across stakeholders. Participate in cross-functional projects and transformation efforts; Support the use of automation, data analytics, and technology solutions to enhance risk assessments. What you'll bring to the role: 4+ years of experience in AML, risk management, or control functions within a large financial institution. Bachelor's degree required; advanced degree or professional certifications (e.g., CAMS, CISA) preferred. Proven experience contributing to complex AML control and assessment initiatives. Strong knowledge of AML and sanctions risks, transaction monitoring frameworks, and risk/control taxonomies. Familiarity with AML detection platforms such as Actimize, SAS, Oracle, etc. is a plus. Experience with advanced analytics or machine learning is a plus. Strong organizational, analytical, and critical thinking capabilities. Effective communicator with ability to engage senior stakeholders and cross-functional teams. Comfortable working independently in a fast-paced, evolving environment. Resilient, solutions-oriented, and committed to continuous improvement. Where You'll be Working This role will require in office attendance 3 days/week. Two of those days will be Anchor Days where you will be in the office with your teammates to learn, grow, and collaborate in person. What You Can Expect From Morgan Stanley: We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. 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).