ISG Management

Program Governance / Client Risk Review Associate

First Line Financial Crimes Risk

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, 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 FCR 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 & Client Risk Review Associate will play a key role in establishing and managing a robust governance framework and supporting the execution of Client Risk Review (“CRR”) activities. This position will be responsible for assisting in governance and program oversight, maintaining and enhancing Client Risk item tracking and reporting, and providing support across various governance and CRR-related forums. The ideal candidate will have over 5 years of experience in financial crimes risk, governance, or consulting services, with the ability to effectively manage multiple priorities, create clear, executive-level materials, and collaborate with cross-functional teams to drive FCR team objectives.

Primary Responsibilities

Governance Framework Support & Enhancement:

Assist in the development, implementation, and continuous improvement of FCR's governance framework. Contribute to refining governance structures, processes, and reporting to ensure alignment with regulatory and internal requirements. Lead initiatives to assess and enhance governance processes, including identifying inefficiencies and implementing best practices to streamline governance.

Creation of Executive-Level Presentations:

Create materials for senior stakeholders, ensuring information is clear, concise, and impactful. Contribute to developing content that effectively communicates key messages and aligns with

organizational goals and standards. The ideal candidate would have a consulting background, or experience in a role that required creation and refinement of high-quality presentations for executive-level audiences.

Committee & Governance Forum Support:

Support with the facilitation of governance forums, steering committees, and working groups. Create agendas, document clear and detailed meeting minutes, track action items, and ensure key decisions and risk escalations are properly recorded and communicated.

Program Oversight & Risk Monitoring:

Coordinate across stakeholder teams to drive accountable, aligned outcomes in strategic planning and program execution. Identify cross-functional dependencies and support with 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.

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.

Client Risk Item Tracking & Reporting:

Own and maintain a SharePoint-hosted tracker used for CRR framework item management, including remediation, updates, and version control. Lead process improvement initiatives related to CRR tracking and reporting, identifying opportunities for automation and enhanced collaboration.

Client Risk Review Meeting Support:

Prepare materials for all CRR meetings, ensuring clarity, consistency, and alignment with governance standards. Coordinate inputs from stakeholders across divisions to ensure timely delivery of materials, and respond to and manage CRR-related inquiries from the advisory team and other stakeholders. Document detailed action items and notes during all meetings.

Ongoing Improvement & Tech Integration:

Drive effort to identify and utilize AI and other technology solutions to streamline documentation, data analysis, and meeting preparation, demonstrating a forward-thinking approach to productivity. Where needed, liaise with Technology and other stakeholders to develop and enhance solutions for the CRR and overall FCR governance framework.

Required Qualifications:

• Bachelor’s degree in Business, Finance, Information Systems, or a related field. Advanced degree or relevant certifications (e.g., CAMS, CFE) is a plus.
• 5+ years of experience in financial crimes risk management, governance, compliance, or related roles within financial services. Background in consulting is preferred.
• 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 with the development of governance frameworks.
• Excellent written and verbal communication skills.
• Advanced proficiency in PowerPoint; strong skills in creating clear and impactful presentations for executive-level audiences.
• Advanced proficiency in Excel for data analysis and reporting; 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.

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $100,000 and $145,000 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).