ISG Management - Program Governance First Line Financial Crimes Risk - VP

ISG Management - Program Governance First Line Financial Crimes Risk - VP

Job Number : 3260579

3260579

Posting Date

Oct 15, 2024

Primary Location

Americas-United States of America-New York-New York

Investment Banking / Sales / Trading / ResearchEmployment Type : Full TimeJob Level : Vice President

Description

Company Profile

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.

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 integrity, excellence, and strong team ethics.

Morgan Stanley can provide a superior foundation for building a professional career a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile

The ISG Financial Crimes Risk ( FCR ) 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

Position Overview

The Program Governance Vice President will play a critical role in supporting the establishment and management of a robust governance framework within the First Line Financial Crimes Risk function.

This position will be responsible for assisting in the oversight of governance processes, risk and control monitoring, reporting, and ensuring adherence to regulatory requirements.

The ideal candidate will have over 5 years of experience in financial crimes risk or governance, with strong analytical skills, the ability to manage multiple priorities, and experience collaborating with cross-functional teams to drive governance objectives.

Primary Responsibilities

Governance Framework Support & Enhancement :

Assist in the development, implementation, and continuous improvement of the governance framework for the First Line Financial Crimes Risk function.

Contribute to refining governance structures, processes, and reporting to ensure alignment with regulatory and internal requirements.

Program Oversight & Risk Monitoring :

Support the Program Governance Lead in monitoring key risks and controls, ensuring timely identification and escalation of issues.

Collaborate with relevant teams to ensure risks are mitigated and controls are functioning as designed.

Data Analysis & Reporting :

Analyze and synthesize data on risk metrics, control performance, and program execution. Prepare detailed reports and dashboards for senior management, providing insights and recommendations to enhance governance and reduce risk exposure.

Committee & Governance Forum Support :

Prepare materials and provide support for governance forums, steering committees, and working groups. Document meeting minutes, track action items, and ensure that key decisions and risk escalations are properly recorded and communicated.

Regulatory Compliance & Controls :

Ensure that the governance program complies with financial crime regulations (e.g., AML, KYC, sanctions), and that internal controls are properly designed and operationally effective.

Work closely with Compliance and other stakeholders to ensure adherence to regulatory requirements.

Stakeholder Engagement & Collaboration :

Collaborate with internal and external stakeholders, including Compliance, Operations, Legal, and Audit, to ensure alignment on governance processes and ensure effective risk management.

Act as a key point of contact for governance-related queries.

Process Improvement & Best Practices :

Lead initiatives to assess and enhance governance processes. Identify inefficiencies, suggest improvements, and implement best practices to streamline governance operations.

Training & Awareness :

Assist in developing and delivering training programs on governance best practices, ensuring that the team and stakeholders understand their roles in maintaining effective governance and risk oversight.

Ad-hoc Governance Projects :

Lead or participate in special projects related to governance enhancements, risk management initiatives, or regulatory change implementation.

Ensure these projects are completed on time and contribute to the overall governance strategy.

Qualifications

Required Qualifications :

• Bachelor’s degree in Business, Finance, Information Systems, or a related field. Advanced degree or relevant certifications (e.g., CAMS, CFE) preferred.
• 5+ years of experience in financial crimes risk management, governance, compliance, or related roles within financial services.
• In-depth understanding of financial crime regulations, including AML, KYC, and sanctions, as well as risk management frameworks.
• Proven ability to analyze complex data and translate insights into actionable recommendations.
• Strong organizational and project management skills, with experience leading governance initiatives or supporting governance frameworks.
• Excellent written and verbal communication skills, with a focus on delivering clear, concise, and well-structured reports for senior stakeholders.
• Proficiency in Microsoft Office Suite, with advanced Excel and PowerPoint skills; experience with data visualization tools is a plus.
• Experience working in a cross-functional environment, with the ability to manage multiple stakeholders and competing priorities.
• Collaborative and proactive mindset, with a commitment to continuous improvement and driving operational excellence.

Expected base pay rates for the role will be between $140,000 and $250,000 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'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).