ISG Management - FCR KYC Change Management - VP

$145,000 - $250,000/Yr

Morgan Stanley - New York, NY

Full-time - Mid Level

New York, NY

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

About the position

The ISG Financial Crimes Risk (FCR) Team at Morgan Stanley is responsible for identifying and managing potential money laundering and reputational risks associated with higher risk client types. The FCR KYC Change Management role focuses on overseeing the implementation of KYC policy changes, ensuring compliance with regulations, and facilitating communication between various stakeholders to enhance the onboarding and due diligence processes.

Responsibilities

• Act as the primary liaison between GFC and CORDS Advisory and Training to review proposed KYC changes.
• Facilitate meetings to discuss and refine KYC policy proposals, ensuring stakeholder engagement.
• Socialize KYC policy changes with impacted teams to initiate impact assessments and implementation planning.
• Coordinate feedback sessions to ensure all relevant perspectives are considered prior to final approval.
• Analyze and prioritize KYC policy changes based on risk assessment and operational impact.
• Monitor the implementation of KYC policy changes across 1LOD, ensuring timely updates and adherence to deadlines.
• Prepare regular reports for governance forums, highlighting progress, challenges, and outcomes of KYC policy implementations.
• Lead a quarterly forum to obtain stakeholder approval for new or modified exclusions and document all approvals.
• Manage the FCR procedure maintenance process, ensuring updates meet organizational standards and KYC requirements.
• Identify opportunities for enhancing KYC processes and policies based on feedback and implementation outcomes.
• Ensure documentation and information is complete, accurate, and timely for audit support.

Requirements

• 5 years of professional experience in a financial crimes/anti-money laundering group at a financial institution.
• Bachelor's degree or equivalent.
• Thorough knowledge of AML/KYC regulations and standards, including local and international requirements.
• Strong analytical skills with attention to detail and the ability to identify issues and recommend corrective actions.
• Excellent communication and leadership skills, with the ability to provide constructive feedback and drive process improvements.
• Exceptional problem-solving abilities and a proactive approach to challenges.
• Ability to adapt to a rapidly changing regulatory environment.
• Advanced knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access).

Nice-to-haves

• Experience in a matrixed organization, leveraging resources across the organization to complete deliverables.
• Ability to handle highly confidential information with appropriate discretion.

Benefits

• Competitive base pay between $145,000 and $250,000 per year for Vice President, determined on an individualized basis.
• Commission earnings, incentive compensation, discretionary bonuses, and other short and long-term incentive packages.
• Morgan Stanley sponsored benefit programs.