Assistant Vice President, Wealth Management Financial Crimes Risk Office; Crypto

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management (WM), and Asset Management. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.

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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, achieve, and grow.

Department Profile:
The WM and U.S. Banks Financial Crimes Risk 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 and higher risk products and services. 

The WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

Responsibilities:
The Assistant Vice President, WM Financial Crimes Risk Office is responsible for the risk oversight of Financial Crimes and KYC activities within the first line of defense.

The role will support leadership in the execution of the strategic direction and oversight of the Morgan Stanley at Work.

The role will facilitate the execution of the strategic direction of the Financial Crimes programs, performing oversight responsibilities and escalating potential gaps and risks. This position will work closely with the business, the second- and third-line stakeholders to ensure the business is compliant with all relevant Financial Crimes laws and regulations through the proper implementation an execution of applicable MS' policies, standards, and procedures. 

Assistant Vice President, Financial Crimes Risk Office; Crypto:
- Support the implementation of transformational, high-impact enhancements across Financial Crimes Risk programs to drive risk reduction, implement efficiencies, design and implement new or enhanced controls and improve client experience 
- Support the execution of target operating model for in-scope Financial Crimes Risk & Control programs, including but not limited to Product Due Diligence, Enhanced Due Diligence for the Crypto offering.  
- Drive consistency and standardization of Risk & Control programs and processes included, but not limited to Crypto. 
- Partner with and influence a wide range of stakeholders from 1st line, 2nd line and 3rd line 
- Identify, escalate, and support management as it relates to identification and remediation of top & emerging risks
- Engage with various 1st line teams across WM to assess the impact of financial crimes risks in their area
- Support the implementation of oversight reporting and associated working group forums to review risk items, KRIs, KPIs

Required Experience:
- 5+ years of relevant experience with transformation programs and/or Financial Crimes risk management programs 
- Bachelor's degree in Business, Finance, or other related fields
- Strong understanding of Financial Crimes Risk, 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.) is a plus
- Regulatory remediation experience at global, large-scale bank is a plus 
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
- Knowledge of Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
- Experience in the Crypto industry a strong plus

Ability to:
- Deliver high impact with a high sense of urgency 
- Juggle competing critical priorities while demonstrating timely and tangible progress 
- Effectively navigate a highly complex and high velocity environment with a wide range of stakeholders 
- Communicate complex matters in a concise, crisp, and action-oriented manner for different sets of stakeholders, including executive management
- Lead with confidence and comfort in high-paced and high-profile environments with minimum supervision
- Identify issues, investigate root causes, and escalate promptly
- Handle highly confidential information professionally and with appropriate discretion
 

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 $100K-$135K 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).