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.

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. 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.

Morgan Stanley is seeking a Vice President to serve as the Financial Crimes Risk Officer for our Workplace and Digital sectors, specifically overseeing the E*TRADE business and Morgan Stanley at Work. This role is situated within Wealth Management’s Financial Crimes Risk Team, acting as the first line of defense to ensure adherence to financial crimes policies established by Global Financial Crimes Compliance (GFC).

The ideal candidate will possess a deep understanding of financial crimes risk management, particularly in Know Your Customer (KYC) processes, with demonstrated experience in understanding the risks associated with online, non-face-to-face channels. Familiarity with brokerage products, online account opening and activity, technological advancements in this space, and industry best practices in essential. The individual will be responsible for ensuring that financial crimes controls are commensurate with the businesses’ operations, actively monitoring for both issues and opportunities to optimize and enhance control effectiveness.

The Financial Crimes Risk Officer VP will have the following key responsibilities:

• Program Oversight
  • Support the oversight of the financial crimes program for E*TRADE and Morgan Stanley at Work businesses, ensuring robust controls are in place to mitigate risks associated with financial crimes in digital environments.
• Advisory Services
  • Provide expert guidance to business units, technology partners, the execution / production teams, compliance, and other intra-department teams on financial crimes matters as they pertain to E*TRADE and Morgan Stanley at Work, with a strong emphasis on KYC and online customer interactions.
• Risk Assessments
  • Participate in program risk assessments to identify vulnerabilities and ensure controls are aligned with the specific risks and requirements of each business
  • Conduct client risk assessments as escalated by the execution / production teams to determine if a client fits within the business’s risk appetite and tolerance levels.
• Control Monitoring & Optimization
  • Partner with stakeholders to monitor financial crimes controls to ensure they are working as intended and optimized for the business’s unique needs. Proactively identify, raise, and address gaps, issues or inefficiencies while leveraging opportunities to enhance effectiveness.
• Collaboration with Stakeholders
  • Work closely with internal teams such as Audit and Compliance Testing to address questions about business processes and controls. Provide clear and comprehensive responses to ensure understanding and alignment.
  • Contribute to drafting responses, as needed, to regulatory inquiries, ensuring accuracy and alignment with the firm’s policies and practices.
• Program Transformation
  • Actively participate in initiatives aimed at transforming and enhancing financial crimes controls, ensuring they remain effective and aligned with evolving business models, technological advances, regulatory requirements / expectations, and industry best practices.
• Governance Participation
  • Actively participate in committees and other governance forums to represent the business’s interests in financial crimes risk management.
• Business SME
  • Develop and in-depth understanding of the businesses, their products, services, and systems to better identify financial crime vulnerabilities and tailor control frameworks accordingly.

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 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We’re committed to bringing passion and customer focus to the business.

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).