Morgan Stanley

Vice President: Anti-money Laundering Risk - Enhanced Due Diligence

Morgan Stanley
New York, NY, USA
Full-TimeDepends on ExperienceSenior LevelMasters
Job Description

Welcome to Morgan Stanley, a leading global financial services firm. We are seeking a highly skilled and experienced Vice President for our Anti-money Laundering Risk team, specifically focusing on Enhanced Due Diligence. This crucial role requires a dynamic individual who is passionate about combatting financial crime and protecting our firm and clients from money laundering risks. As the VP, you will play a key leadership role in developing and implementing strategies to identify, monitor, and mitigate AML risks across our business. If you have a strong background in AML, proven leadership abilities, and a commitment to excellence, we invite you to apply for this exciting opportunity.

  1. Develop and implement strategies to identify, monitor, and mitigate AML risks across the organization.
  2. Lead and oversee the Enhanced Due Diligence team, providing guidance, direction, and support to team members.
  3. Stay up-to-date on industry trends, regulations, and best practices related to AML and Enhanced Due Diligence.
  4. Collaborate with cross-functional teams, including Compliance, Legal, and Operations, to ensure AML procedures are aligned with company policies and regulatory requirements.
  5. Conduct risk assessments and audits to identify potential gaps and areas for improvement in AML processes.
  6. Develop and deliver training programs to educate employees on AML policies and procedures.
  7. Monitor and analyze suspicious activity reports and escalate any potential issues to senior management.
  8. Review and approve high-risk client relationships and transactions.
  9. Manage relationships with external partners, such as law enforcement agencies and regulatory bodies.
  10. Provide regular updates to senior management and stakeholders on AML risks and mitigation efforts.
  11. Collaborate with technology teams to enhance and optimize AML monitoring systems and processes.
  12. Ensure compliance with all relevant laws, regulations, and internal policies related to AML.
  13. Act as a subject matter expert and provide guidance to other teams on AML matters.
  14. Represent the company in external forums and industry events related to AML and financial crime.
  15. Foster a culture of compliance and promote ethical behavior throughout the organization.
  16. Mentor and develop team members to support their professional growth and success in their roles.
Where is this job?
This job is located at New York, NY, USA
Job Qualifications

  • Extensive Knowledge And Understanding Of Anti-Money Laundering Laws And Regulations, As Well As The Ability To Stay Updated On Any Changes Or Developments In The Field.

  • Proven Experience In Developing And Implementing Enhanced Due Diligence Policies And Procedures, Specifically In The Financial Services Industry.

  • Strong Analytical And Problem-Solving Skills, With The Ability To Identify Potential Money Laundering Risks And Develop Effective Risk Mitigation Strategies.

  • Excellent Communication And Interpersonal Skills, With The Ability To Collaborate With Various Internal Teams And External Stakeholders To Ensure Compliance With Aml Regulations.

  • Prior Experience In A Leadership Role, With The Ability To Manage And Mentor A Team Of Aml Professionals And Oversee The Implementation Of Aml Risk Assessments And Audits.

Required Skills

  • Risk Management

  • Financial Analysis

  • Project Management

  • Team Leadership

  • Risk assessment

  • Investigative skills

  • Regulatory compliance

  • Due Diligence

  • Fraud detection

  • Aml Regulations

  • Compliance Expertise

Soft Skills

  • Communication

  • Conflict Resolution

  • Emotional Intelligence

  • Leadership

  • Time management

  • Critical thinking

  • Attention to detail

  • Teamwork

  • Adaptability

  • Problem-Solving

Compensation

According to JobzMall, the average salary range for a Vice President: Anti-money Laundering Risk - Enhanced Due Diligence in New York, NY, USA is $150,000-$200,000 per year. This may vary depending on factors such as the size and industry of the company, the individual's experience and qualifications, and other benefits offered.

Additional Information
Morgan Stanley is an Equal Opportunity Employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
Required LanguagesEnglish
Job PostedJuly 30th, 2024
Apply BeforeJune 21st, 2025
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About Morgan Stanley

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.

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