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 41 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 ethic. 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.
Division Profile:
Wealth Management Risk is responsible for identifying, measuring and managing the current and emerging risks of the WM division and U.S. Banks, in coordination with WM’s Business Control Units and Second Line Risk Management and Compliance, implementing control processes and procedures to mitigate risk consistent with WM’s risk appetite and governance framework.
Position Summary:
Our key priority is to design and build Wealth Management and U.S. Banks Risk’s ability to aggregate, analyze and report on relevant risk factors within the Financial Crimes Risk segment across Morgan Stanly’s WM and Bank businesses.
The team is seeking an experienced candidate who will provide end-to-end support for the financial crimes program, regulatory thematic updates, and transformation initiatives across the first line financial crimes processes. In addition to working with WM Risk, the employee will also collaborate with the Business, IT, Legal and Compliance, and Bank and Field Management.
Key Responsibilities:
Our key priority is to design and build the first line Financial Crimes Risk supervisory framework and control structures. This includes the ability to aggregate, analyze and report on key risk factors in the Financial Crimes space across WM and Bank businesses, particularly with respect to heightened risk client types and international wealth businesses and compliance with relevant policies and procedures when servicing clients. The ideal candidate will have experience in managing complex strategic projects, related to risk oversight in financial crimes, have expertise in data management and reporting as well as good strategic thinking and communication skills to produce effective monitoring of existing and emerging risks and ultimately effect change in the business’ risk management practices.
The candidate will be responsible for managing strategic projects, including the end-to-end processes associated with executing on enhancing the financial crimes risk frameworks, implementing regulatory requirements and feedback, and ensuring compliance with policies and procedures. The employee will be able to manage a team and take initiative and responsibility to drive tasks forward. The ability to reach conclusions quickly and consistently will be critical to being successful in this role. The candidate’s primary responsibilities will include:
- Manage projects associated with end-to-end support of first line financial crimes risk program, including regulatory and transformation initiatives
- Lead development of control structure based on ongoing analysis and relevant financial crime’s themes and risks
- Key risk representative for first line financial crimes risk management in the first line, providing advice on program development and new business initiatives, as needed
- Develop control structure based on ongoing analysis and relevant risks and themes that emerge from heighted reviews and examinations of high-risk client types
- Liaise with functional area representatives from Wealth Management and U.S. Banks to identify and assess potential gaps in the risk framework and provide recommendations on control structures
- Lead development of regular reporting and presentations for senior management and relevant committee forums
- Perform data analysis on special topics related to key market events and regulations
- Assist in building strategic projects pipelines to support risk management processes
Qualifications:
Required Skills:
• Strong leadership, and project management skills and ability to manage many competing prioritie
• Experience in risk management, financial industry and/or business management. Knowledge related to Wealth Management a plu
• Working knowledge of financial risk management concepts, with a desire to quickly acquire deeper proficiency
• 10+ years of relevant work experience
• Excellent written and verbal communication skills, and comfortable interfacing with senior personnel on highly sensitive issue
• Proven ability to work across departments to influence others and build strong relationship
• Strong belief in purposeful evolution, innovation, and digital transformation
• Attention to detail, high level of initiative and resourcefulness and ability to problem solve, demonstrate good business judgment and integrity
• Proficiency in Microsoft programs including Outlook, Word, PowerPoint and Excel
• Familiarity with Agile software development and software design patterns is a plu
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).
Expected base pay rates for the role will be between $150,000 and $235,000 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.