Assistant Vice President – Financial Crimes Risk Officer Associate (Wealth Management and U.S. Banks Financial Crimes Risk)

Welcome to Morgan Stanley, one of the world's leading financial institutions. We are seeking a highly skilled and motivated individual to join our team as an Assistant Vice President – Financial Crimes Risk Officer Associate. In this role, you will be responsible for overseeing financial crimes risk management for our Wealth Management division and U.S. Banks. We are looking for a detail-oriented and proactive individual with a strong understanding of financial crimes regulations and risk management practices. If you are a driven and analytical professional with a passion for mitigating financial crimes risks, we encourage you to apply for this exciting opportunity.

1. Develop and implement financial crimes risk management strategies and policies for the Wealth Management division and U.S. Banks in accordance with regulatory requirements and industry best practices.
2. Conduct ongoing risk assessments to identify potential financial crimes risks and gaps in current risk management practices.
3. Monitor and analyze financial transactions, customer activities, and account information to identify and investigate potential financial crimes.
4. Collaborate with cross-functional teams, including compliance, legal, and operations, to ensure effective implementation of risk management strategies.
5. Provide guidance and support to business units on financial crimes risk management issues and regulatory requirements.
6. Develop and deliver training programs to increase awareness and understanding of financial crimes risks and prevention measures.
7. Stay updated on changes in financial crimes regulations and laws, and proactively implement necessary changes to the risk management program.
8. Maintain accurate and thorough documentation of risk management activities, including risk assessments, investigations, and training programs.
9. Communicate regularly with senior management and stakeholders to provide updates on financial crimes risk management initiatives and potential risks.
10. Participate in internal and external audits and examinations, as well as provide support for regulatory inquiries related to financial crimes risks.
11. Identify and escalate potential high-risk activities or transactions to senior management for further review and action.
12. Continuously assess and improve the effectiveness of the financial crimes risk management program.
13. Mentor and train junior team members to enhance their knowledge and skills in financial crimes risk management.
14. Represent the company in industry forums and conferences to stay informed on emerging trends and best practices in financial crimes risk management.

According to JobzMall, the average salary range for a Assistant Vice President – Financial Crimes Risk Officer Associate (Wealth Management and U.S. Banks Financial Crimes Risk) in Miami, FL, USA is $120,000-$150,000 per year. This can vary depending on the specific company, experience level, and other factors.

Morgan Stanley provides investment banking products and services to its clients and customers including corporations, governments, financial institutions, and individuals. It operates through the following business segments: Institutional Securities, Wealth Management, and Investment Management. The Institutional Services segment provides financial advisory, capital-raising services, and related financing services on behalf of institutional investors.