Global Financial Crimes: Testing Manager

  • Competitive
  • Baltimore, MD, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 20 Oct 18

Global Financial Crimes: Testing Manager

Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
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. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and to grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions and anti-corruption obligations and its particular clients and transactions.
Background on the Team
As part of Morgan Stanley's ongoing commitment to prevent and detect money laundering and terrorist financing, the Firm has adopted a comprehensive, risk-based program to ensure compliance with counter- terrorism and AML laws, rules, regulations, and government guidance. The successful candidate will work closely with each of the business unit and regional GFC teams to plan and execute Compliance testing on GFC processes performed by groups outside of GFC, as well as at third party vendors.
Reporting Lines
This role reports ultimately to the Head of Testing. The role does not have direct reports.
Primary Responsibilities
The GFC Testing Professional will:
- Assist with the development, implementation and execution of risk-based Compliance
- Conduct testing to review and assess the effectiveness of the Firm's AML policies and procedures and controls
- Define test scope and design specific testing steps for each applicable area of review
- Communicate test results, present identified issues to the business, work with the business to develop and implement a plan of corrective action and prepare written reports
- Track status of corrective action plans agreed upon with the business
- Maintain detailed and organized documentation of work product
- Coordinate with other professionals in the organization, including Compliance advisory teams, other Compliance Monitoring and Testing Groups and Internal Audit
- Remain current on industry rules, regulations and best practices to help ensure that the testing program meets regulatory standards
- Work on special projects

Qualifications:

Skills required (essential)
Candidates must have:
- 4 year college degree with strong academic credentials
- 3 to 5 years of experience in an Anti-Money Laundering group and experience with Compliance testing or equivalent (e.g. Internal Audit) at a large financial institution and/or regulatory authority
- Solid written communication skills: able to describe complex issues accurately and succinctly
- Strong attention to detail
- Ability to work effectively on multiple reviews with different individuals at the same time
- Excellent time management skills and ability to execute tasks within tight deadline
- Excellent interpersonal skills necessary to work effectively with colleagues across regions and business units
- Developed investigative skills: inquiry and analysis, interviewing, testing, organization and presentation (both written and oral)
- Ability to research and resolve issues independently while working across teams to acquire information
- Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment
Skills desired
- CPA and/or IIA certification
- Self-motivated team player
- Ability to manage multiple priorities and tasks with the skills to adapt to changes in a fast-paced environment