ISG Management - FCR KYC Change Management - VP

United States Job Openings

Morgan Stanley

New York

FULL TIME

October 16, 2024

ISG Management - FCR KYC Change Management - VP

Job Number:
3260720

POSTING DATE: Oct 16, 2024

PRIMARY LOCATION: Americas-United States of America-New York-New York

JOB: Investment Banking/Sales/Trading/Research

EMPLOYMENT TYPE: Full Time

JOB LEVEL: Vice President

DESCRIPTION

Department Profile

The ISG Financial Crimes Risk (“FCR”) 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

Primary Responsibilities:

Change Management PMO

Primary liaison between GFC and CORDS Advisory and Training to review and agree on proposed KYC changes

Facilitate meetings to discuss and refine KYC policy proposals, ensuring stakeholders engagement.

Policy Change Socialization (1LOD)

Socialize KYC policy changes with impacted teams across BU and CORDS Advisory and Training (1LOD) to initiate Impact Assessment and implementation planning.

Facilitate and coordinate feedback sessions to ensure all relevant perspectives are considered prior to final approval.

Coordinate with relevant global and regional GFC teams to resolve challenges.
Inform BU of policy changes and post-implementation go live dates confirmation.

KYC Policy Change Prioritization

Analyze and prioritize KYC policy changes based on risk assessment and operational impact

Work with relevant teams to develop a clear implementation roadmap for approved changes.

Tracking and Reporting

Monitor the implementation of KYC policy changes across 1LOD ensuring timely updates and adherence to deadlines.

Prepare regular reports for governance forum, highlighting progress, challenges, and outcomes of KYC policy implementations.

Exclusion Approval Process

Lead a quarterly (or ad-hoc) forum to obtain stakeholder approval for new or modified exclusions.

Document all approvals in accordance with current governance policy.

Ensure Exclusions Request Forms are completed for any new exclusions or modifications.

FCR Procedure Maintenance

Manage FCR procedure maintenance process.
Ensure procedures updates meet organizational standards and KYC requirements.

Coordinate with relevant teams to ensure updates are communicated effectively and address any issues or discrepancies.

Ensure a clear audit trail of the procedures update process is maintained in line with record keeping requirements.

Continuous Improvement

Identify opportunities for enhancing KYC processes and policies based on feedback and implementation outcomes.

Work with stakeholders to promote a culture of compliance and continuous improvement in KYC practices.

Audit Support

Ensure documentation and information is complete, accurate, and timely.

Address questions raised by the Audit team promptly.

Review Audit findings and reports and develop and implement action plans to address any identified weaknesses or recommendations.

Role will require in office attendance 4 days/week.

QUALIFICATIONS

Experience Required

5+ years professional experience in a financial crimes/anti-money laundering group (or similar) at a financial institution

Bachelor's degree or equivalent

Skills Required

Thorough knowledge of AML/KYC regulations and standards, including local and international requirements.

Strong analytical skills with an eye for detail and the ability to identify issues and recommend corrective actions.

Excellent communication and leadership skills, with the ability to provide constructive feedback and drive process improvements.

Exceptional problem-solving abilities and a proactive approach to challenges.

Ability to adapt to a rapidly changing regulatory environment.

Advanced knowledge of Microsoft Office tools (Word, Power Point, Excel, and Access)

Ability to

Take initiative, analyze, summarize, and communicate effectively

Investigate, identify issues, impacts and trends to propose comprehensive solutions

Multitask effectively and action matters promptly

Work independently and in a team environment

Handle highly confidential information with appropriate discretion

Work in a matrixed organization, leveraging resources across the organization to complete deliverables

Work in a high volume, fast paced environment

Expected base pay rates for the role will be between $145,000 and $250,000 per year for Vice President, 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.

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).

We regret to inform you that this job opportunity is no longer available as it has expired

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