Executive Director - Financial Crimes Regulatory Management Officer (Wealth Management, Investment Management and U.S. Banks Financial Crimes Risk)

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, IM 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, IM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports first line compliance with all relevant Financial Crimes regulations, standards, and policies.

Responsibilities:

The Financial Crimes Regulatory Management Officer is responsible for leading and executing the firm's first line Financial Crimes program for WM, IM and U.S. Banks. Specifically, focused on the regulatory compliance framework, ensuring business operations align with Financial Crimes regulations. In addition, this role will monitor regulatory developments and changes, assessing their impact on the firm's operations and compliance requirements. 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 standards, policies, procedures and applicable laws and regulations. The Financial Crimes Regulatory Management Officer ED will:

• Provide subject matter expertise and guidance to the first line, on all Financial Crimes Regulatory matters.
• Ensure first line compliance with all relevant Financial Crimes regulations, standards, and policies.
• Prepare and deliver presentations and reports to senior management and board members on regulatory updates and compliance matters.
• Conduct research and analysis on emerging regulatory trends and issues affecting the financial services industry. Monitor and report on Financial Crimes-related activities for the first line.
• Collaborate with internal departments to ensure a cohesive approach to compliance and address any regulatory inquiries or findings promptly.
• Assist in the development and enhancement of regulatory engagement strategies and frameworks.

In addition, other Key responsibilities include:

• Collaborate closely with critical internal stakeholders including Senior Business Leaders, Second Line, Technology and Internal Audit
• Maintain the first line current on changes in Financial Crimes regulations and overall regulatory environment.
• Support organizational design and buildout of first line Financial Crimes framework, program and team.

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Qualifications:

Required Experience:

10+ 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 field

Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity

Expertise in implementing and executing on Financial Crimes Programs requirement

Expertise in international Financial Crimes laws and regulations and familiarity with best practice first line procedures and processe

Ability to:

Handle highly confidential information with appropriate discretion

Direct and drive senior stakeholders towards a common goal and high EQ

Operate with confidence and comfort in high-paced and high-profile environment

Demonstrate prior experience and expertise with large scale organizational buildouts, remediations, high profile matters to senior management, Board and regulator

Additional Skills Desired:

• Post graduate degree, JD, MBA
• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
• Deep knowledge of Financial Crimes regulatory requirements and expectations (domestic and international)
• Strong time management and planning skills
• First Line Risk & Controls, Compliance or Audit experience
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing
• Experience in supporting audit and regulatory inquiries and interactions with Board, senior management, consultants

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).

Expected base pay rates for the role will be between $150,000 and $235,000 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.

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