Morgan Stanley Compliance and Financial Crimes Testing Professional
Job Location: Multiple Locations (Baltimore, MD; Arlington, VA; Alpharetta, GA)
How to Apply: To apply, please provide a copy of your CV via email to lcdhire@morganstanley.com
Job Details
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. 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 to grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the Firm’s invaluable reputation for integrity and protect the Firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firm’s businesses.
Primary Responsibilities
Responsibilities include:
Perform testing of various business lines, functions and processes in order to assess and review compliance with legal, regulatory and internal Firm requirements.
Assist with the development, implementation and execution of the annual risk-based test plan.
Conduct all phases of testing to assess the design and operational effectiveness of the Firm’s compliance processes and controls.
Assist with defining test scopes and designing specific testing steps for each applicable area for assessment.
Perform walkthroughs of processes and analyze transaction samples targeted for testing to identify areas for enhancement to policies, procedures and controls.
Participate and/or lead discussions to present identified issues and corrective action plans to relevant stakeholders.
Participate in the preparation of written reports and other deliverables.
Maintain detailed and organized documentation of work product.
Track the status of and verify the completion of action plans by stakeholders.
Coverage would include Morgan Stanley’s business lines, such as Sales & Trading, Investment Banking, Wealth Management, Banks, Infrastructure, or Financial Crimes.
Remain current on industry rules, regulations, and best practices to help ensure that the testing program meets regulatory standards.
Role will require in office attendance 3 days/week.
Skills required (essential)
Candidates must have:
4 year college degree with strong academic credentials.
3-plus years of compliance testing and/or internal/external audit experience
Excellent interpersonal skills, oral and written, necessary to work effectively with colleagues in different regions and business units, and to describe complex issues accurately and succinctly.
Excellent time management skills with ability to manage and execute multiple priorities and tasks within tight deadlines, with the skills to adapt to changes in a fast-paced environment.
Strong attention to detail.
Strong investigative skills: inquiry and analysis, interviewing, testing, organization and presentation (both written and oral), with the ability to research and resolve issues independently.
Proficiency in Microsoft Office, particularly Excel and Word. Prior experience with data analytics tools is a plus.
Self-motivated and a team player.
Be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire
Professional Certifications (desired, but not required)
Experience with the regulators governing financial institutions a plus, those may include the FRB, FINRA, OCC, CFPB, FDIC, SEC, CFTC and the FFIEC
Prior experience at a large financial institution, regulatory agency, or “Big 4” consultancy
CPA or IIA qualified
This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment.