Investment Management – Financial Crimes Risk Officer – Senior Associate

at  Morgan Stanley

Investment Management – Financial Crimes Risk Officer – Senior Associate
Job Number:

3254237
POSTING DATE: Aug 6, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
JOB: Asset/Investment Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Senior Associate

DESCRIPTION

Investment Management – Financial Crimes Risk Officer – Senior Associate
London
The Investment Management (IM) 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 IM 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.
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management 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 integrity, excellence, and strong team ethic. We can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Responsibilities:
The Financial Crimes Risk Officer AVP is responsible for supporting and executing the firm’s first line Financial Crimes program for IM. The role will be responsible for supporting the strategic direction of the Financial Crimes programs and assisting with governance and oversight responsibilities. 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 risk officer AVP will:
Assist to implement the firm’s Financial Crimes program requirements and controls, helping to develop guidance and procedures for the first line
Provide subject matter expertise guidance and training to the first line, including escalations review
Ensure first line compliance with all relevant Financial Crimes regulations, standards, and policies
Implement Financial Crimes risks initiatives that arise for the first line in the IM business
Support and assist with the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by second line
Monitor and report on Financial Crimes-related activities for the first line
Strive to support Financial Crimes risk management processes through thematic coverage (latent & emerging risk), execution of heightened risk and high-risk portfolio reviews.

QUALIFICATIONS

What we’re looking for:
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 environments
Demonstrate prior experience and expertise with large scale organizational buildouts, remediations, high profile matters to senior management, Board and regulators
Additional Skills Desired:
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, senior management, and consultants
Skills that will help you in the role:
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 work ethic as well as a high degree of integrity
Expertise in implementing and executing on Financial Crimes Programs requirements
Expertise in international Financial Crimes laws and regulations and familiarity with best practice first line procedures and processes
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents

Please refer the Job description for details