First Line Unit AML Risk Manager
New York , New York
November 17, 2017
Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management (WM), and Asset Management. The AML Risk Vice President ("VP") is with Morgan Stanley Private Bank, National Association (the "Bank" or "MSPBNA") on the Bank's Operational and Regulatory Risk Team. The Bank provides deposit and lending products and services to serve the Private Banking needs of WM clients. The AML Risk Vice President is responsible for First Line Unit functions supporting the Bank, including, but not limited to, Enhanced Due Diligence and Negative News Screening at client on-boarding and as part of continuous monitoring.

MSPBNA's Operational and Regulatory Risk Team has responsibility for the design and implementation of the Bank's Operational Risk and Regulatory Compliance programs in the Business Unit as the First Line of Defense. Responsibilities of the team include Anti-Money Laundering (AML) and Reputational Risk reviews associated with MSPBNA's client base. The AML Risk VP will be responsible for providing support of First Line of Defense activities related to BSA/AML.

The AML Risk VP will:

• Lead the Bank's BSA/AML Client Due Diligence (CDD), Enhanced Due Diligence (EDD), and Supplemental Due Diligence (SDD) processes for the First Line Unit
• Management of team dedicated to performing CDD/EDD for the First Line Unit across all Bank lending products
• Provide oversight of key projects and initiatives related to AML compliance for the Bank, including technology and process enhancements as well as remediation efforts
• Assist in management of the Bank's Periodic Review process to ensure continued knowledge of Bank's client base, expected and actual client activities, and any material changes to client information
• Assist in management of the Negative News Screening (NNS) process for Retail Banking clients including conducting research of prospective and current clients
• Partner with the Business Unit, including Branch Risk Officers, to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience
• Actively identify, measure, control, and remediate AML and Operational Risk issues with partners in Bank AML Compliance and the Business Unit
• Provide oversight of AML reporting to Bank Management and seek to provide enhancements and efficiencies in processes performed by the team
• Partner with the Second Line of Defense Bank AML Compliance and Wealth Management AML Compliance teams to monitor client relationships on an ongoing basis
• Collaborate with the AML Compliance group to ensure BSA/AML programs operate effectively and continue to comply with regulations and changes in regulations

• Have an undergraduate degree in Business, Finance, or other related field
• Have 5 years of relevant experience in BSA/AML Compliance, KYC, and CIP requirements
• Certified, or desire to become certified, as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license
• Knowledge of Securities Based Lending products, including the management of equities/securities held as collateral for loans
• Possess strong leadership qualities with the ability to supervise and manage teams, and evidence a strong work ethic as well as a high degree of integrity
• Be capable of assessing and developing individual and team skills and providing timely constructive feedback
• Evidence strong interpersonal skills and ability to communicate effectively both verbally and in writing
• Have an ability to work both independently and with team members, under tight deadlines
• Have an ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables
• Be able to handle highly confidential information professionally and with appropriate discretion
• Series 24 license to perform reviews of PBG marketing materials is a plus

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