Global Financial Crimes: AML Customer Activity Review Controls IT Manager Global Financial Crimes: AML Customer Activity  …

Morgan Stanley
in New York, NY
Permanent, Full time
Be the first to apply
Morgan Stanley
in New York, NY
Permanent, Full time
Be the first to apply
Global Financial Crimes: AML Customer Activity Review Controls IT 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), Economic 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
Morgan Stanley is committed to a strong GFC monitoring program to protect against the use of the Firm's products, services and facilities for economic crimes including fraud, money laundering, and transactions prohibited by sanctions programs. The Firm has adopted a comprehensive, risk-based program to ensure compliance with applicable rules, laws, regulations and government guidance. The successful candidate will provide transaction monitoring and Know Your Customer (KYC) expertise and guidance to various lines of business concerning money laundering risk and work closely with senior members of the GFC group and IT personnel in support of strategic projects and program improvements.

Reporting Lines
The AML Customer Activity Review (CAR) Controls IT Manager reports to the Head of GFC Monitoring and Screening Controls. The CAR Controls IT Manager has no direct reports.

Primary Responsibilities
The CAR Controls IT Manager will:
  • Represent the GFC Head of Monitoring and Screening Controls in overseeing day-to-day efforts for the CAR System, including coordinating with advisory and technology teams on production issues and enhancements;
  • Act as primary point of contact for CAR IT inquiries across all regions/segments (e.g., new business/typologies, regulatory inquiries, remediation, etc.);
  • Coordinate with GFC Model Risk Control team and LCD's Data and Analytics team to develop new business and monitoring typologies, to address regulatory inquiries, support remediations, and manage the periodic review and optimization of CAR, including the completion of the annual Typology Refresh process;
  • Assist in the drafting, socializing, and maintenance of the GFC Monitoring Standards, including providing guidance on adherence to the monitoring standards;
  • Maintain policies and monitoring procedures relating to CAR;
  • Maintain GFC monitoring items in the Compliance Monitoring Inventory (CMI);
  • Participate in the periodic meetings of the GFC Monitoring Committee and oversee communication and implementation of changes mandated by the Committee;
  • Oversee the progress of completing the Annual Monitoring Plan and provide regular reporting to the GFC senior management;
  • Acts as liaison between and among Global Compliance, GFC Coverage Areas, and Financial Crimes Technology with respect to semi-annual CMI self-certifications, new-hire training, and any other issues;
  • Participate in GFC's Model Oversight Committee.


Skills Required (essential)
Candidates must:
  • Have a 4 year college degree with strong academic credentials
  • Have 7+ years of professional experience in an AML, Compliance, Audit or Risk Management capacity within the financial services industry
  • Have a strong knowledge of the securities regulatory environment including familiarity with various regulatory authorities (e.g., Office of the Comptroller of the Currency, Federal Reserve, OFAC, Financial Crimes Enforcement Network, Financial Conduct Authority, etc.)
  • Possess a strong understanding of financial markets and banking
  • Maintain awareness of current laws, rules and regulations related to Financial Crimes
  • Have strong interpersonal skills and ability to partner with key stakeholders to develop practical solutions that meet business needs while remaining compliant with applicable laws and regulations
  • Have strong written and verbal communications skills, attention to detail and effective time management skills
  • Possess the ability to manage both small and large projects
  • Possess the ability to research and resolve issues independently while working across teams to acquire information
  • Be able to handle highly confidential information professionally and with appropriate discretion
  • Possess strong analytical thinking and critical reasoning skills
  • Have the ability to effectively handle a fast paced environment and successfully meet established deadline requirements
  • Be self-motivated and have the ability to work independently
  • Be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire

Skills Desired
  • Prior experience overseeing transaction monitoring technology implementation and enhancement is strongly preferred
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