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 PowerQuery, VBA macro automation, VLOOKUP, INDEX, and PivotTables; 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 more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Salary range for the position: $108,000 - $125,000 /Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).