VP, Financial Crimes Risk Advisory – Client Onboarding

Morgan Stanley; Houston (TX); On-site; USD 150,000 - 210,000; Full time

Job summary

Morgan Stanley in the United States seeks a VP of Financial Crimes Risk to lead and execute the firm’s First Line Financial Crimes program for WM and U.S. Banks.

You will work closely with business leaders, second and third lines, ensuring compliance with applicable laws, regulations, and firm standards. The role emphasizes advisory governance, training, and remediation of control gaps, with responsibilities spanning risk assessment, program implementation, and metrics reporting across

Qualifications

• 7+ years of relevant experience with BSA/AML Regulations within the financial services industry.
• Experience in conducting Financial Crimes risk assessments for client relationships and thematic reviews.
• Experience in implementing and executing Financial Crimes Program requirements.
• Knowledge of Financial Crimes laws and regulations and familiarity with First Line procedures and processes.
• Experience in supporting audit and regulatory inquiries.
• Bachelor’s degree in business, finance, or other related fields.
• Master’s degree in business, finance, law, or other related fields preferred.
• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license.

Responsibilities

• Assess Financial Crimes risks from new and existing clients in order to recommend, agree and communicate individual action plans to mitigate or eliminate the risk.
• Manage Financial Crimes risk through thematic coverage (latent & emerging risk), execution of heightened risk and high-risk portfolio reviews.
• Provide subject matter expertise guidance and training to the first line, including managing risk appetite exception and escalations review.
• Implement the Firm’s Financial Crimes program requirements and controls, developing guidance and procedures for the first line.
• Ensure First Line compliance with all relevant Financial Crimes regulations, standards, and policies.
• Lead Financial Crimes risks initiatives that arise for the First Line in the WM and U.S. Banks businesses.
• Lead the remediation of control gaps and deficiencies identified from Annual Risk Assessments and resolution of investigations as recommended by Second Line.
• Monitor and report metrics as well as on Financial Crimes-related activities for the First Line.
• Collaborate closely with critical internal stakeholders including Senior Business Leaders, Second Line, Technology and Internal Audit.
• Assist in decision making over transactions and activities that may pose Financial Crimes risk to the First Line.
• Maintain the First Line informed on changes in Financial Crimes regulations and policies and update the respective Firm’s programs for first line accordingly.

Skills

BSA/AML Regulations

Financial Crimes Risk Assessments

Regulatory Inquiries

Leadership

Education

Bachelor’s degree in business, finance, or related field

Master’s degree in business, finance, law, or related field (preferred)

ACAMS certification

Tools

MS Office

Job description

Morgan Stanley in the United States seeks a VP of Financial Crimes Risk to lead and execute the firm’s First Line Financial Crimes program for WM and U.S. Banks.

You will work closely with business leaders, second and third lines, ensuring compliance with applicable laws, regulations, and firm standards. The role emphasizes advisory governance, training, and remediation of control gaps, with responsibilities spanning risk assessment, program implementation, and metrics reporting across