Global Financial Crimes: Head of Client Risk Unit

Global Financial Crimes : Head of Client Risk Unit

Job Number : 3254651

3254651

Posting Date

Aug 8, 2024

Primary Location

Americas-United States of America-New York-New YorkEducation Level : Bachelor's Degree

OtherEmployment Type : Full TimeJob Level : Executive Director

Description

About Morgan Stanley

Discover your next career opportunity with Morgan Stanley, where we are committed to helping our employees build meaningful careers, and where you can learn, achieve, and grow.

Across the globe, we believe our greatest asset is our people. As part of our commitment to excellence, and to you, we offer a comprehensive suite of benefits, programs, and perks.

From adoption assistance benefits to Zipcar memberships, the Firm's 250+ employee programs have you covered from A to Z.

We stand for doing the right thing, putting clients first, leading with exceptional ideas, committing to diversity and inclusion, and giving back.

About Global Financial Crimes

In Global Financial Crimes (GFC), you will play a critical role in identifying potentially suspicious activity, protecting vulnerable individuals, and safeguarding the integrity of the financial system.

GFC coordinates day-to-day implementation of the Firm's financial crime prevention efforts. Including governance, oversight, and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs.

If you are passionate about financial crimes prevention, seeking a rewarding and dynamic career, and focused on making a difference, then GFC might be the right team for you.

Your Key Responsibilities :

The Client Risk Unit is responsible for evaluating client relationships that pose the highest financial crimes risk, while also serving as a check and challenge over the first line's execution of enhanced due diligence.

As the Head of the Client Risk Unit in GFC, you will :

• Plan, coordinate, and track the implementation of the Firm's Global KYC Standards Enhanced Due Diligence Standards supplement
• Lead and supervise the regional GFC Client Risk Unit teams responsible for conducting the comprehensive second line review of enhanced due diligence of both new and existing clients including partnering with first line teams on their execution of client enhanced due diligence reviews
• Manage the governance and oversight of the Firm's EDD efforts, including leading working groups with GFC, business unit, First Line Financial Crimes, Operations, and Technology representation
• Coordinate with regional GFC Client Risk Unit teams and First Line Financial Crimes, to make enhancements / updates to the regional procedures and related regional standards across the Firm
• Coordinate with GFC colleagues on the implementation and continued maintenance of key controls
• Lead execution and harmonization efforts across global business lines related to Enhanced Due Diligence processes
• Develop and oversee GFC Client Risk Unit key projects and initiatives related to EDD and KYC client onboarding
• Represent the Firm with respect to EDD controls in internal, external, and regulatory audits and examinations

Qualifications

What We're Looking for in You

• College degree with strong academic credentials
• 10 to 15 years of professional experience in a Financial Crimes, Compliance, Audit, or Risk Management capacity within the financial services industry
• Prior experience and extensive knowledge of the practical impact of KYC requirements on day-to-day business and operational functions such as client onboarding and periodic review
• Strong knowledge of the securities regulatory environment, including familiarity with regulatory authorities (e.g., Office of the Comptroller of the Currency, Federal Reserve, OFAC, Financial Crimes Enforcement Network, Financial Conduct Authority, etc.)
• Strong understanding of financial markets, banking and broker dealers
• Strong organizational, analytical, and communication skills
• Strong interpersonal skills and ability to partner with key stakeholders to develop practical solutions that meet business needs while remaining compliant with applicable laws and regulations
• Ability to research and resolve issues independently while working across teams to acquire information
• Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification / license - or certification within 15 months of hire

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.

Equal Opportunities Statement

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.

Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences.

Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

Expected base pay rates for the role in New York will be between $165,000 and $275,000 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.