Director, Compliance

Morgan Stanley•Baltimore, MD

2d•Hybrid

About The Position

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.

Requirements

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).

Responsibilities

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.

Benefits

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)
Short/Long Term Disability