VP-Head of Bank Compliance Testing
Position Description
Morgan Stanley seeks a senior level compliance officer to lead the bank compliance testing function.
Skills Required
Position responsibilities:
• Lead the planning and execution of the testing program for Morgan Stanley's two U.S. banking entities. The testing is focused on assessing compliance with applicable federal banking rules and regulations as well as bank policies and procedures.
• Manage a team of bank Compliance testing personnel who are charged with executing the U.S. Bank's compliance testing program.
•Coordinate with other professionals in the organization, including compliance advisory teams, FHC Monitoring and Testing Group and Internal Audit.
•Communicate testing results, present identified issues to the business, work with the business to develop and implement a plan of corrective action, escalate and work to close any issues identified and prepare written reports.
•Track status of corrective action plans agreed upon with the business.
•Meet with the OCC, CFPB and other regulators to discuss testing plans, published reviews and any related findings.
•Work on special projects and targeted reviews.
•Remain current on industry rules, regulations, and best practices to help ensure that the testing program meets regulatory standards.
Skills Desired
Experience
• Bachelor's Degree. MBA or CRCM certification is preferred.
• Previous experience with a bank government agency preferred (e.g., OCC, FRB, or FDIC) or in a regulatory, compliance, or internal audit capacity within the banking industry.
• Minimum of ten years of compliance and/or regulatory experience, with knowledge of the financial service industry, regulatory requirements, and experience in analyzing business risk and best practices.
• Experience with Office of the Comptroller ("OCC"), the Consumer Finance Protection Bureau ("CFPB"), the Federal Deposit Insurance Corporation ("FDIC"), and the Federal Reserve Board ("FRB") regulations, and bank safety and soundness guidance provided by the Federal Financial Institutions Examination Council ("FFIEC") and the federal banking authorities (OCC, CFPB, FDIC, or FRB) including consumer laws and regulations and/or Transactions with Affiliates (Regulation W). Experience with mortgage, retail, institutional lending or FX businesses.
• Highly developed investigative skills - inquiry and analysis, interviewing, testing, organization and presentation (both written and verbal).
• Ability to handle a fast paced environment with minimum supervision and successfully meet established deadline requirements.
• Excellent communication (oral and written), interpersonal and PC skills.
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