Full-Time

Vice President

Wealth Management Financial Crimes Risk Officer

Confirmed live in the last 24 hours

Morgan Stanley

Morgan Stanley

10,001+ employees

Global financial services and investment management

Compensation Overview

$100k - $170k/yr

+ Commission + Incentive Compensation + Discretionary Bonuses + Short and Long-term Incentive Packages + Other Benefit Programs

Senior, Expert

Company Does Not Provide H1B Sponsorship

Miami, FL, USA

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Data Analysis
Requirements
  • 7+ years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)
  • Have an undergraduate degree in Business, Finance, or other related fields
  • Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
  • Implementation and execution of Financial Crimes Programs requirements
  • Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
  • Ability to analyze, summarize and communicate effectively
  • Operate with confidence and comfort in high-paced and high-profile environments with minimum supervision
  • Multitask effectively and execute actions promptly
  • Identify issues, investigate root causes and escalate promptly
  • Handle highly confidential information professionally and with appropriate discretion
Responsibilities
  • Lead and execute the firm’s first line Financial Crimes program, including Anti-Bribery and Corruption for WM
  • Execute the strategic direction of the Financial Crimes programs, performing oversight responsibilities, and escalating potential gaps and risks
  • Work closely with the business, the second- and third-line stakeholders to ensure compliance with all relevant Financial Crimes standards, policies, procedures and applicable laws and regulations
  • Implement the firm’s Financial Crimes program requirements and controls, developing guidance and procedures for the first line
  • Provide advisory, guidance and training to the first line, including reviewing and escalating risk appetite exceptions
  • Ensure first line compliance with all relevant Financial Crimes regulations, standards, and policies
  • Assist in the execution of Financial Crimes risks initiatives that arise for the first line in the WM business
  • Assist in the identification of control enhancement opportunities and implementation of preventative detective controls and testing
  • Lead the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by second line
  • Develop metrics and relevant trend analyses on Financial Crimes-related activities for the first line
  • Identify, escalate and assist in the management of latent & emerging risk, execution of heightened risk and high-risk portfolio reviews
  • Collaborate closely with critical internal stakeholders including business, Second Line, Technology and Internal Audit
  • Assist in decision making over transactions and activities that may pose Financial Crimes risk to the first line
  • Maintain the first line current on changes in Financial Crimes regulations and policies and support in update of the respective firm’s programs for first line accordingly
Desired Qualifications
  • Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
  • Knowledge of Financial Crimes regulatory requirements and expectations
  • Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access)
  • Strong time management and planning skills
  • Strong interpersonal skills and ability to communicate effectively both verbally and in writing

Morgan Stanley provides a variety of financial services, including investment banking, wealth management, and investment management. The firm assists individuals, families, institutions, and governments in raising, managing, and distributing capital to meet their financial objectives. Its services are tailored to the specific needs of clients, utilizing a vast global network and expertise in the financial market. Morgan Stanley generates revenue through advisory fees, asset management fees, trading commissions, and interest income. What sets Morgan Stanley apart from its competitors is its strong commitment to core values such as client-first service, exceptional ideas, diversity and inclusion, and community support.

Company Size

10,001+

Company Stage

IPO

Headquarters

New York City, New York

Founded

1935

Simplify Jobs

Simplify's Take

What believers are saying

  • Investment in Social Good Software supports growth in sustainable finance.
  • SelectQuote investment expands Morgan Stanley's presence in healthcare financial services.
  • Partnerships with fintechs like Moderne enhance technological capabilities and efficiency.

What critics are saying

  • Competition from fintechs like Inicio AI challenges traditional financial services.
  • Investment in EROAD exposes Morgan Stanley to transportation sector risks.
  • Magenta Mobility investment subjects Morgan Stanley to volatile electric vehicle market risks.

What makes Morgan Stanley unique

  • Morgan Stanley's global network offers unparalleled access to diverse financial markets.
  • Commitment to core values enhances client trust and long-term relationships.
  • Focus on sustainable finance aligns with growing ESG investment trends.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Mental Health Support

Wellness Program

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