Executive Director: Anti-money Laundering Risk - Enhanced Due Diligence

$160,000 - $270,000/Yr

Morgan Stanley - Harrison, NY

Full-time - Executive

Harrison, NY

5,001-10,000 employees

Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

The Executive Director of Anti-Money Laundering Risk - Enhanced Due Diligence at Morgan Stanley is responsible for overseeing risk-relevant activities related to anti-money laundering (AML) within the firm. This role involves managing the end-to-end Enhanced Due Diligence (EDD) workflow, assessing AML risks associated with new and existing clients, and ensuring compliance with regulatory expectations. The Executive Director will lead strategic initiatives, manage teams, and provide oversight for AML Analysts, while actively engaging with various stakeholders to mitigate potential AML risk exposure.

Responsibilities

• Manage the end-to-end EDD workflow of a program focused on assessing AML risks related to new and existing clients.
• Actively manage and lead strategic initiatives, processes, and tasks supporting the Firm's EDD program.
• Provide risk management services in support of the growth of the Wealth Management and US Banks businesses.
• Lead key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk.
• Engage with Financial Advisors, Complex Management, and Risk Officers to onboard new and existing International Banking & Lending client relationships.
• Identify, measure, control, and remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance, and Business Units.
• Partner with Business Units to ensure appropriate client onboarding due diligence processes are enacted while providing a positive client experience.
• Monitor client relationships on an ongoing basis and ensure compliance with regulatory expectations in partnership with Global Financial Crimes Compliance teams.
• Manage the implementation of internal policies and provide periodic risk relevant reporting to senior stakeholders.
• Provide oversight and supervisory support for AML Analysts and serve as a point of contact for questions, issues, and escalations.

Requirements

• 7+ years of relevant experience with BSA/AML Regulations within the financial services industry or at a financial services regulator.
• Undergraduate degree in Business, Finance, or a related field.
• Strong knowledge of Know Your Customer, Customer Identification Program, and CDD requirements.
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
• Strong leadership qualities with the ability to manage teams and demonstrate a high degree of integrity.
• Ability to take initiative, analyze, summarize, and communicate effectively.
• Ability to investigate, identify issues, impacts, and trends to propose comprehensive solutions.
• Ability to multitask effectively and action matters promptly.
• Ability to work independently and in a team environment.

Nice-to-haves

• Working knowledge of MS Office.
• Experience with data and trend analysis related to the management of an AML program.
• Expertise in managing programs focused on ensuring quality within AML programs.
• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus.
• Native or professional fluency in Spanish or Portuguese.

Benefits

• Competitive salary range of $160,000 - $270,000 per year.
• Comprehensive financial services and benefits package including commission earnings, incentive compensation, and discretionary bonuses.