Wealth Management Fraud, Strategy, and Controls Operations | Executive Director

Morgan StanleyBaltimore, Maryland

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Overview

Schedule

Full-time

Career level

Director

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Job Description

Role Overview

The Executive Director, Wealth Management Fraud Strategy & Controls is a senior leadership role within Morgan Stanley's Global Fraud Department, responsible for assessing, designing, and advancing the firm's external fraud and scam strategy across Wealth Management. This role will heavily engage in fraud risk management for Wealth Management business growth and expansion. The role partners closely with WM Technology, WM Risk, Cybersecurity, Operations, Legal, Compliance, and third party vendors to ensure fraud mitigation is embedded throughout the lifecycle of our client experience.

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Key Responsibilities

Own and evolve the Wealth Management external fraud and scam strategy, including identification of emerging external fraud and scam risks, managing loss and control categories, designing strategic roadmap, and prioritizing control enhancements
Analyze fraud incidents, trend, control effectiveness and emerging risk insights into actionable strategy and delivery plan
Implement the planned control enhancement through partnership with Technology, Business and Risk partners
Balance and manage in-house solutions and 3rd party vendor offerings in overall fraud and scam strategy
Close partner with Fraud Operations to execute strategy and control enhancements with full operational readiness
Oversee senior level reporting on fraud metrics, losses, emerging risks and threats
Support regulatory examinations and external engagements by articulating fraud risk management framework, controls, and governance
Oversee the participation of and contribution to industry fraud forums and maintain peer relationships
Act as a connective leader across the Fraud Department and provide coaching and mentorship to team members
Promote a strong fraud risk culture across Wealth Management Qualifications & Experience

Desired Skills

10+ years of experience in fraud risk management, financial crime, operational risk, cybersecurity, or related control functions within a large financial institution.
Deep expertise in Wealth Management fraud risks and client facing platforms, with demonstrated experience owning fraud strategy and controls in a first line environment.
Experience leading fraud risk management for new products. Experience with digital assets fraud risk, including crypto, preferred
Proven ability to operate at senior management and regulatory levels, with strong executive communication skills
Demonstrated success leading cross functional initiatives across Technology, Risk, Compliance, Legal, and Operations.
Bachelor's degree; advanced degree or relevant certifications preferred.

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: $175,000 and $250,000 per year. 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 25 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).

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FAQs About Wealth Management Fraud, Strategy, and Controls Operations | Executive Director Jobs at Morgan Stanley

What is the work location for this position at Morgan Stanley?

This job at Morgan Stanley is located in Baltimore, Maryland, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.

What pay range can candidates expect for this role at Morgan Stanley?

Candidates can expect pay range between $175,000–$250,000 for this role.

What employment applies to this position at Morgan Stanley?

Morgan Stanley lists this role as a Full-time position.

What experience level is required for this role at Morgan Stanley?

Morgan Stanley is looking for a candidate with "Director" experience level.

What benefits are offered by Morgan Stanley for this role?

Morgan Stanley offers following benefits: Health Insurance, Dental Insurance, Vision Insurance, Disability Insurance, Life Insurance, Paid Holidays, Paid Vacation, Paid Sick Leave, Parental and Family Leave, and 401k Matching/Retirement Savings for this position. Actual benefits may vary depending on the employer's policies and employment terms.

What is the process to apply for this position at Morgan Stanley?

You can apply for this role at Morgan Stanley either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.