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Morgan Stanley Private Bank – Mspbna – Financial Crimes Risk Office – Associate Vice President – AVP

Morgan Stanley Private Bank – Mspbna – Financial Crimes Risk Office – Associate Vice President – AVP

CompanyMorgan Stanley
LocationWhite Plains, NY, USA
Salary$100000 – $135000
TypeFull-Time
DegreesBachelor’s
Experience LevelSenior

Requirements

  • Have 5+ 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 a bachelor’s degree in business, Finance, or other related field.
  • Strong knowledge of Know Your Customer (KYC), Customer Identification Program (CIP), and Customer Due Diligence (CDD) requirements.
  • Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
  • Ability to evidence a strong work ethic and maintain a high degree of integrity.

Responsibilities

  • Manage and assess the financial crimes risks associated with all MSPBNA customers (including all risk rating levels)
  • Provide day-to-day support including financial crimes risk advice to first line AML Risk and Operations partners
  • Perform financial crimes risk review of MSPBNA products and services, including New Product Approval Process
  • Perform financial crimes risk review of MSPBNA customers identified and escalated as part of the WM and MSPBNA Consequence Framework review processes.
  • Assist in review and escalation of MSPBNA customers escalated via the Negative News and Reputational Risk Escalation Process.
  • Actively manage and assist in strategic initiatives to promote process standardization, efficiency improvements, and financial crimes risk reduction.
  • Providing financial crimes risk management and advisory services in support of the maintenance and growth of the MSPBNA business.
  • Assist and lead key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities.
  • Assist pipeline management and overall engagement with Business Unit, Operations, Technology, and Second Line of Defense Global Financial Crimes partners and stakeholders to onboard new, existing, and prospective MSPBNA customer relationships.
  • Actively identify, measure, control and remediate money laundering and reputational risk issues with partners and stakeholders in Business Unit, Operations, Technology, and Second Line of Defense Global Financial Crimes.
  • Partner with the Second Line of Defense Global Financial Crimes Compliance teams to monitor client relationships on an ongoing basis and ensuring compliance with regulatory expectations.

Preferred Qualifications

  • Working knowledge of MS Office.
  • Experience with data and trend analysis related to the management of a financial crimes risk program.
  • Expertise in managing programs focused on ensuring quality within AML programs.
  • Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.