Director, Compliance

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, 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.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk.

What you’ll do in the role:

Morgan Stanley Services Group Inc. is seeking a Director, Compliance in Baltimore, MD to assist in the development, maintenance, enhancement, and optimization of various Financial Crime Compliance (FCC) models, including models used for customer risk ranking, transaction monitoring, and sanctions screening. Oversee and execute qualitative and quantitative analyses associated with ongoing monitoring, periodic assessments, above-the-line testing, below-the-line testing, and tuning. Support model and tool developers and vendors to perform adequate testing of the models, perform root- cause-analyses for identifying potential anomalies in model performance, and design challenger models or compensating controls to assure model performance.

Document the analyses, recommendations, and rationales for each activity related to the models’ reporting responsibilities. Assist with adding, editing, and identifying new models, documenting model changes, and reconciling model inventory information. Stay informed of regulatory developments impacting model risk and financial crime compliance (e.g., AML, Sanctions, Market Abuse etc.) and conduct internal and external research surrounding new trends in modelling approaches, perform gap analysis with existing model controls, provide proposals, and assist stakeholders in implementing proposed solutions.

Track and report model and tool changes and results of model tuning and optimization activities to LCD advisory heads, the Model Risk Management, and the Internal Audit groups. Liaise with the MRM Group, the Internal Audit Department, Regulatory Bodies, and other stakeholders as needed during reviews, validations, and exams to fulfill information requests. Support the enhancement of model risk control policies and procedures in line with regulatory expectations and industry best practices.

Telecommuting permitted up to 2 days per week.

What you’ll bring to the role:

-Requires a Bachelor’s degree in Computer Engineering, Financial Engineering, or a related field of study.

-Requires five (5) years of experience in the position offered or five (5) years as a Director, Associate, Manager, Data Scientist, or a closely related occupation.

-Requires five (5) years of experience with the following skills:

• Anti-Money Laundering and Fraud and Financial Crime Risk Management including Bank Secrecy Act, and financial crime compliance frameworks;
• SQL queries;
• databases including DB2 and Hadoop;
• Excel including Power Query, VBA macro automation, VLOOKUP, INDEX, and Pivot Tables; and
• providing recommendations based on analytical outcomes.

-Requires two (2) years of experience with the following skills:

• model risk management and guidelines including SR11-7;
• complete model lifecycle including development, validation, documentation, governance, and inventory management;
• risk data analytics using statistical methods including binomial tests, t-tests, and regression;
• using Python and R for quantitative analysis, model performance monitoring, and KRI/KPI development;
• designing, tracking, and reporting risk metrics; and
• regulator frameworks including Comprehensive Capital Analysis and Review (CCAR).

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and…