Global Financial Crimes: Testing Manager

Posted on Dec 13, 2018 by Morgan Stanley USA

Baltimore, MD 21201
3 Dec 2018
Annual Salary
Company Profile
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.
As a market leader, 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.
Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions and anti-corruption obligations and its particular clients and transactions.
Background on the Team
As part of Morgan Stanley's ongoing commitment to prevent and detect money laundering and terrorist financing, the Firm has adopted a comprehensive, risk-based program to ensure compliance with counter- terrorism and AML laws, rules, regulations, and government guidance. The successful candidate will work closely with each of the business unit and regional GFC teams to plan and execute Compliance testing on GFC processes performed by groups outside of GFC, as well as at third party vendors.
Reporting Lines
This role reports to the Vice President of GFC Testing in Baltimore. The role does not have direct reports.
Primary Responsibilities
The GFC Testing Professional will:
· Assist with the development, implementation and execution of the annual risk-based GFC test plan.
· Conduct all phases of testing to assess the design and operational effectiveness of the Firm's financial crimes processes and controls, under the supervision of the Director and/or Vice President of GFC Testing.
· 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.
· Communicate test results to the Vice President of GFC Testing and Global Head of GFC Testing
· 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.
· Utilize the Firm's online system for documenting the performance of tests by the team
· Track the status of and verify the completion of action plans by stakeholders.
· Coordinate and collaborate with team members and other professionals in the organization, including GFC Advisory teams, other Monitoring and Testing Groups, and Internal Audit.
· Maintain familiarity with the systems utilized by the Firm to address AML, sanctions, and anti-corruption.
· Remain current on industry rules, regulations, and best practices to help ensure that the testing program meets regulatory standards.
· Work on ad-hoc projects, as requested.


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, preferably with experience in Anti-Money Laundering, sanctions and/or anti-corruption.
· Prior experience at a large financial institution, regulatory agency, or Big 4 is a plus.
· 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.
· Familiarity with large-scale automated processing systems.
· Self-motivated and a team player.
Professional Certifications (not required, but one or more desired):
· Certified Anti-Money Laundering Specialist (CAMS) - Must obtain CAMS certification within 15 months of employment.
· Certified Public Accountant (CPA)
· Certified Internal Auditor (CIA)
· Certified Fraud Examiner (CFE)

Global Financial Crimes: Testing Manager

Reference: 598336490

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