Anti-Money Laundering (AML) Risk Program Governance and Oversight - Assistant Vice President

Morgan Stanley
New York, USA
09 Aug 2022
23 Aug 2022
Job Function
Wealth Management
Industry Sector
Finance - General
Employment Type
Full Time
Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management (WM), and Asset Management. The AML Risk Assistant Vice President is with Wealth Management and the Morgan Stanley Private Bank, National Association and the Morgan Stanley Bank, NA (collectively, the "U.S. Banks") on the AML Risk Governance & Oversight Team.
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.
Description :
The WM & U.S. Banks AML Risk Assistant Vice President has responsibility for the management and governance of all AML-related risk, projects, procedures, communications, and training within the Business Unit as the First Line of Defense.
Additionally, the AML Risk Assistant Vice President will be dedicated to the design, implementation and enhancement of AML Program controls and change management, including, but not limited to, the identification and implementation of strategic AML program improvements and efficiencies.

Key Responsibilities:

Regulatory and Operational Risk Governance and Oversight
  • Coordinate with Regulatory Relations, Compliance, Operational Risk Groups, and Internal Audit teams to produce data, case files and required documentation for regulatory exam and testing exercises governing the risks and controls of the AML Risk Program
  • Ensure procedures, processes and controls throughout are adequately designed and operating effectively in preparation for audits, compliance exams, and regulatory inquiries
Project Management, Procedures, Training, and Stakeholder Communication
  • Lead and provide Project Management support for projects across the AML Risk Organization (includes process efficiencies, technology enhancements, and internal web presence updates)
  • Create, update, maintain and refresh organizational procedures, desktop guides, and inventories
  • Support training programs for the AML Risk Team and external stakeholder groups
  • Develop and manage annual roadmap of team initiatives, projects, and process improvements
  • Manage and enhance communications framework to ensure effective stakeholder outreach and distribution channels for developments concerning process, procedures, and technology
  • Collaborate on strategy with management to ensure that key risks and efficiency opportunities are addressed

Essential Skills
  • Attention to detail
  • Organizational and project management skills
  • Collaborative and able to build effective working relationships with stakeholders and colleagues at all experience levels, as well as external counterparts
  • Ability to:
    • take initiative, analyze, summarize, and communicate effectively
    • identify and investigate issues, impacts and trends to propose and advance strategic solutions
    • lead and manage projects and processes
    • multitask effectively and action matters promptly
    • work independently and in a team environment
    • handle highly confidential information with appropriate discretion


Minimum Qualifications
  • Undergraduate degree (Business, Finance, or other related field preferred)
  • 5+ years of relevant experience in BSA/AML Compliance
  • Knowledge of Know Your Customer (KYC) and Customer Identification Program (CIP) requirements
  • Experience supporting regulatory exams and Compliance testing
  • Project Management experience (CAPM or PMP certifications a plus)
  • Procedure writing experience
  • Proficiency in MS Office (Microsoft Word, Excel, and PowerPoint)

Preferred Qualifications
  • Certified Anti-Money Laundering Specialist (CAMS) certification by ACAMS or equivalent AML certification/license
  • Experience with US Banking regulations and knowledge of Securities Based Lending (SBL), Brokerage, and Institutional Securities products
  • Tableau experience (ability to develop visualizations and dashboard development)
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