Financial Crimes Risk Specialist - Intermediaries and Distribution
The role of Financial Crimes Risk Specialist - Intermediaries and Distribution is to execute the firm's first line Financial Crimes program for Investment Management. This involves management/oversight of Investment Management's intermediaries' population and ensuring their adherence with sound BSA/AML risk management practices.
This position will work closely with Global Financial Crimes stakeholders to ensure the business is compliant with all relevant Financial Crimes standards, policies, procedures, and applicable laws and regulations.
Main Responsibilities:
* Partner with the Investment Management business and Global Financial Crimes to lead the management and oversight of financial intermediaries and distribution partners, ensuring alignment with Morgan Stanley's strategic objectives and BSA/AML regulatory standards.
* Build and maintain strong relationships with Investment Management distribution leads who interact with intermediaries, including broker-dealers, financial advisors, and distribution platforms.
* Support Investment Management business in conducting comprehensive due diligence on intermediaries to assess BSA/AML compliance risks.
* Ensure intermediaries adhere to regulatory requirements, contractual obligations, and Morgan Stanley's standards of conduct.
* Develop and implement frameworks and controls to monitor intermediary performance and BSA/AML compliance adherence.
* Provide regular reporting to senior leadership, highlighting risks, opportunities, and performance trends.
* Work closely with internal teams, including sales, compliance, legal, and risk management, to address intermediary-related issues and opportunities.
* Support Investment Management distribution leads in facilitating clear communication and effective problem-solving.
* Develop and enforce policies, procedures, and governance frameworks for managing intermediary relationships.
* Support Investment Management distribution in the negotiation of distribution agreements, service-level agreements, and other contracts with financial intermediaries.
* Ensure contract terms are enforced and updated to reflect evolving business and regulatory requirements.
* Provide training, tools, and resources to intermediaries to enhance their understanding of Morgan Stanley's products, services, and compliance expectations.
* Act as a point of escalation to resolve issues and support intermediaries in meeting compliance goals.
* Stay informed of industry trends, competitive dynamics, and regulatory changes impacting financial intermediaries and distributors.
* Provide strategic recommendations to enhance intermediary relationships and strengthen distribution networks.
* Drive initiatives to improve the efficiency and effectiveness of intermediary management processes.
* Collaborate with senior leadership to shape and execute the strategic vision for financial intermediary oversight.
* Leverage technology solutions and data analytics to enhance monitoring, reporting, and relationship management capabilities.
* Ensure timely and accurate delivery of intermediary performance metrics and compliance data to internal and external stakeholders.
Requirements:
* Significant relevant experience with BSA/AML Regulations within the financial services industry or at a financial services regulator.
* Undergraduate degree in Business, Finance, or related fields.
* Strong leadership qualities with the ability to manage teams and demonstrate a high degree of integrity.
* Implementation and execution of Financial Crimes Programs requirements.
* Knowledge of Financial Crimes laws and regulations and familiarity with best practice first-line procedures and processes.
* Operate with confidence and comfort in high-paced and high-profile environments.
* Analyze, summarize, and communicate effectively.
* Distill complex ideas and concepts into actionable items.
* Identify issues, investigate root causes, and propose comprehensive solutions.
* Handle highly confidential information professionally and with appropriate discretion.
* Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license (optional).
* Knowledge of Financial Crimes regulatory requirements and expectations.
* Working knowledge of MS Office (Microsoft Excel/PowerPoint/Word/Access).
* Strong time management and planning skills.
* Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
* Experience in supporting audit and regulatory inquiries and interactions.
What We Offer:
Morgan Stanley values diverse perspectives and individual intellect. As a global financial services firm, we offer a superior foundation for building a professional career – a place for people to learn, achieve, and grow.
We empower employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential.
We strongly believe in fostering a culture of inclusion that promotes respect and diversity.