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.Department ProfileGlobal 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.Background on the TeamThe GFC Monitoring and Screening Controls team is a central program management team of specialists and experts responsible for managing complex, cross-functional initiatives as well as the development, enhancement and governance of technology controls that support the Firm's AML, KYC and Sanctions obligations.Position DescriptionWe're looking for senior professional to centralize and lead the governance and oversight of model risk management for GFC's Monitoring and Screening Controls team, which includes overseeing the activities associated with ensuring that the transaction monitoring, screening and enterprise customer risk ranking models meet the requirements of the Firm's Model Risk Management framework. The candidate will work closely with the Legal and Compliance Division's (LCD) Model Risk Control (MRC) team and Financial Crimes Technology (FCT) to ensure model documentation is in place and maintained, inputs/outputs controls are in place and monitored, periodic and ongoing below-the-line tuning plans are developed and executed in a timely manner, and the model risk management obligations are met in the most effective and efficient manner with consistency across the monitoring and screening controls.Primary Responsibilities:- Lead the new Monitoring and Screening Model Risk Governance Program, centralizing the MRM-related activities currently conducted in a functionally aligned manner- Contribute to creation and maintenance of model documentation, including owning the collaboration with subject matter experts across GFC, Financial Crimes Technology (FCT), and external vendors- Develop the plans and oversee the execution of the model tuning / testing activities which support transaction monitoring, negative news/pep screening, sanctions screening and enterprise customer risk ranking controls- Liaise with GFC control owners and analysts to ensure the periodic and ongoing tuning obligations are met and that the relevant controls are operating effectively- Assist in the development, maintenance, enhancement, and optimization of the models that support the Program, providing expert advice and ensuring model risk management obligations are fully considered as part of the control development lifecycle- Regularly engage in performance analysis, specifically to analyze the successful completion of short- and long-term goals, and deliver of key management information reporting to senior management- Drive innovation and continuous improvement within the GFC Monitoring and Screening Program through thought leadership and the management of related strategic projects as well as the development and implementation of global frameworks and best practices- 4+ years relevant work experience, managing model risk management programs, preferably at a large/complex financial institution- Experience with engaging senior stakeholders across technology and the business- Proven ability to take ideas forward and to challenge others with integrity and maturity- Strong organizational skills and an ability to manage multiple demands and changing priorities- Excellent executive presentation and communication skills with demonstrable history of driving discussion, collaboration and decision making at the senior-leadership level- Strong influencing skills to achieve alignment up and down the organization- Ability to identify, monitor and manage project risks, issues and dependencies and agree appropriate risk responses- Technology savvy with ability to quickly learn new systems and tools, and to identify and implement enhancements- Outstanding judgement, analytical skills, and critical thinking, including ability to analyze data to draw conclusions/themes and think strategically about presentation of materials- Ability to work in a proactive and self-directed way with minimal direction and task management- Strong interpersonal and teamwork skills- Excellent MS Office skills, including Excel, PowerPoint, and Teams- Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment.Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).Expected base pay rates for the role in New York will be between $110,000 and $190,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
