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 grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
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-Tax Evasion, 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.
Morgan Stanley is committed to a strong GFC program to protect against the use of the Firm’s products, services, and facilities for prohibited transactions or the purpose of evading, avoiding or otherwise circumventing sanctions, AML or anti-corruption laws and regulations. The Firm has adopted a comprehensive, risk-based program to ensure compliance with applicable laws, regulations and government guidance.
This role reports to the Head of Bank and Wealth Management Financial Crimes Advisory.
The Money Laundering Prevention Officer (MLPO) for Morgan Stanley Private Bank, N.A. (MSPBNA, or the Bank) provides guidance and direction to business and compliance teams on issues related to AML, sanctions, and anti-corruption laws and regulations that impact the Bank. The MLPO has a variety of responsibilities, which includes leading important GFC initiatives, serving as a primary point of escalation for Bank Management and providing guidance to the MSPBNA business and risk stakeholders. The MLPO will also decision significant client matters that pose potential AML risk, represent GFC on senior committees and interact with regulators and senior leaders across GFC, the Legal and Compliance Division, and the Bank.
The MLPO for MSPBNA will:
Advise the Global Head of Financial Crimes, the Head of Bank and Wealth Management Financial Crimes Advisory, the Banks’ Chief Compliance Officer and Senior Bank Management of emerging AML issues and the implementation of controls to mitigate AML risks, including but not limited to new product approvals, changes in business model and/or processes and special initiatives
Develop and oversee the execution of the Bank’s AML Compliance Program within the context of Morgan Stanley’s Global Anti-Money Laundering Policy and Compliance Program
Collaborate with the Global Head of Financial Crimes, the Head of Bank and Wealth Management Financial Crimes Advisory and GFC Legal in the overall management of the Banks’ AML Compliance and Office of Foreign Assets Control (OFAC)/sanctions program
Provide AML reporting to Bank Management, the Bank’s Board and regulators
Serve as point of escalation and provide support in connection with Know Your Customer (KYC) onboarding, enhanced due diligence and transactional due diligence with respect to clients, counterparties, co-investors, and target companies/assets and provide guidance to the business on due diligence requirements
Decision client matters with significant reputational risk and potential financial crimes exposure
Lead and/or oversee key projects and initiatives related to AML compliance for the Bank, including efforts related to digital banking
Serve as point of escalation and provide support in connection with regulatory interpretation and application of facts in connection with policies
Supervise investigations and determine need for Suspicious Activity Report (SAR) filings
Draft and implement critical Bank related financial crime policies and procedures, which may include coordination with other Business Units
Supervise and participate in all Bank related internal, external and regulatory audits and examinations
Oversee the training of Bank employees related to existing and emerging AML issues, laws and regulations
Liaise and coordinate within GFC and with key stakeholders across the Firm, including Legal, Compliance, Regulatory Relations, and Risk, to ensure appropriate execution of the Bank’s financial crimes prevention program
Coordinate execution of MSPBNA financial crimes program changes with key stakeholders (Operations, Technology, Compliance, and GFC)
Represent GFC in meetings and on committees with senior management and other leadership groups
Candidates must have:
4 year college degree with strong academic credentials
10 to 15 years of experience within the banking industry in a compliance or internal audit capacity or experience within a financial services regulatory agency (e.g., Office of the Comptroller of the Currency, Federal Reserve Bank, Federal Depository Insurance Corporation)
Strong knowledge of the banking regulatory environment including familiarity with various federal functional regulators (e.g., Office of the Comptroller of the Currency, Federal Reserve, OFAC, Financial Crimes Enforcement Network, etc.)
Possess a strong understanding of the financial markets and banking, including product based knowledge of institutional lending, foreign exchange, portfolio lending, cash management products, etc.
Ability to understand and assess a wide variety of complex products, services and client types
Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment
Excellent written and verbal communications skills and attention to detail
Strong project management skills
Sound judgment and an ability to appropriately escalate issues internally
Proven ability to handle highly confidential information with appropriate discretion
Outstanding interpersonal skills and team-player attitude
Proficiency with MS Word, Excel, PowerPoint, and Outlook
Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment
Internal Number: 3172270
About Morgan Stanley
We believe capital can work to benefit all of society We make this belief a reality by putting clients first, leading with exceptional ideas, doing the right thing, and giving back.
If you are driven to succeed, eager to take on new challenges and open to collaborating with diverse colleagues in pursuit of excellence, you'll discover a wealth of exciting career opportunities at Morgan Stanley. Find your path with us, whether you're a student, a recent graduate or an experienced professional.