Risk Management Compliance Officer

Scott Vincent March

Compliance Officer Profile -Vice President

*********@***.*** • 908-***-****

https://www.linkedin.com/in/scott-march-b88a0151

• Summit, NJ, 07901

Accomplished Compliance Officer with over 19 years of experience in supervising, compliance, and risk management functions across major financial institutions.

Exemplary track record of maintaining a consistent, controlled environment compliant with federal, state, and local laws, as well as internal policies. Specialize in developing and implementing robust risk management frameworks, enhancing data security, and ensuring rigorous adherence to compliance standards. Excel at coaching teams and guiding complex projects to promote risk awareness and foster a compliant corporate culture. Highly skilled in liaising with legal and compliance divisions to handle customer complaints and litigation efficiently. Demonstrated leadership in managing client relations and risk assessments, while effectively communicating policy changes and training on compliance procedures. Recognized for strong analytical skills, exceptional problem-solving capabilities, and a commitment to ethical practices and professional discretion. Ensured operational excellence in the AML/KYC verification process for all engaged client relationships ensuring superior and accurate service with designated team members.

Areas of Expertise

● Compliance Management & Risk Assessment

● Ethics Oversight & Supervisory Skills

● Compliance Training & Client Relations

● Due Diligence & Process Improvement

● Policy Implementation

● Legal Compliance & Regulations

● Team Leadership

● Project Management

● Audit Coordination & Data Security

● Operational Risk Management

● Conflict Resolution

● Stakeholder Engagement

Accomplishments

●Successfully completed two-year remediation of Enhanced Due Diligence (EDD’s) accounts requested by Regulators. Managed a “pod” that utilized Actimize, Lexus Nexus, ECRR, RDC and DDIQ to accomplish our goal and complete the remediation by the time-line established by the Regulators.

●Spearheaded strategies that successfully reduced the costs of a $10 million arbitration against the firm, showcasing effective conflict resolution and legal acumen.

●Delivered expert testimony before a NYC grand jury on a high-profile identity theft issue, contributing to the judicial process and legal integrity.

●Played a key role in a team that helped Morgan Stanley achieve its Anti-Money Laundering compliance objectives, enhancing regulatory adherence and operational safety.

●Identified and thwarted multiple fraud attempts, including an elder abuse case at Morgan Stanley that led to the perpetrator’s arrest, thereby protecting client assets and the firm’s reputation.

●Consistently ensured clean audits annually at Morgan Stanley, reflecting stringent adherence to financial and operational protocols.

●Organized and participated in Morgan Stanley's volunteer week, leading successful initiatives to support food provision and homeless shelters, which improved community relations and corporate social responsibility.

●Oversaw compliance and policy adherence for over 200 financial advisors and support staff as a Risk Officer, enhanced risk mitigation through targeted training sessions, and facilitated the integration and skill development of new risk officers and employees.

●Orchestrated Transformation Execution to make back- office operations more efficient.

Professional Experience

Morgan Stanley, Paramus and Short Hills NJ

Complex Risk Officer – Vice President

May 2005 — April 2024

Oversaw supervisory, compliance, and risk management functions across multiple branch locations, ensuring adherence to federal, state, and local laws, along with Morgan Stanley Wealth Management policies. Managed all aspects of risk control, including data security, ensuring timely and appropriate handling of approvals and procedures. Maintained optimal supervisory coverage in collaboration with Complex Managers and Senior Complex Risk Officers, enhancing policy adherence and procedural compliance. Point of escalation for AML/KYC specialists in making decisions regarding client onboarding.

●Directed regular and consistent communication of compliance policies and facilitated the liaison with the Legal and Compliance Division for customer complaints and litigation.

●Coordinated audit preparations and responses, effectively addressing and remediating findings to sustain regulatory compliance.

●Guided and supported the onboarding and training of financial advisor recruits, significantly boosting compliance knowledge and performance.

●Led initiatives for proactive client engagement to assess suitability and manage risk, contributing to improved client relations and risk mitigation.

●Engaged actively in regional Credit Committee matters, providing crucial intelligence on client and financial advisor risks.

●Collaborated with Special Investigation Units on human resources issues related to risk and compliance, reinforcing firm-wide standards and ethical practices.

●Cultivated a respectful and personable work environment, emphasizing the importance of listening over speaking to enhance team collaboration and client satisfaction.

●On going Development of Risk and Control framework.

●Maintained and developed MCA/RCSA for quality by having quarterly internal self-audits and working with other Control areas to ensure procedures in place and appropriately corrected if deficient.

●Periodically had Financial Advisors complete an RCSA to validate that policies are being followed and no changes have occurred to the Financial Advisors status.

●Experience in independently handling projects and working with other key areas to identify risk/control areas that may be deficient.

●Coordinated internal audits for the complex encompassing the company policies and procedures and covering equity and fixed income markets.

●Surveillance of Trades for any suspicious activity or unusual pattern.

●Ensure the surveillance program exceptions are handled and disposed in timely manner.

●Report data discrepancies to relevant stakeholders, as appropriate.

●Monitor and report key data quality indicators and metrics.

●Reviewed Regulatory trends with management and sales force in weekly meetings.

●Interacted with Regulators and stakeholders in regard to requests or investigations

●Escalate and liaise with internal Compliance Partners to address potential risks identified as part of the onboarding new clients, ongoing monitoring and remediation/KYC refresh of existing clients.

●Contribute to the risk assessment of clients and for clients designated under the risk based Approach as “Low/Med/High risk”.

●Support, maintain, update and test AML/KYC applications as it relates to investor and/or client AML/KYC processes.

●Maintained issue-tracking database, including documenting and reporting status of issues, root causes and associated corrective actions.

Lehman Brothers – New York, NY October 1995-May 2005

Compliance Analyst

Education

Bachelor of Science, Information Management

W.P. Carey School of Business, Arizona State University, Tempe, Arizona

Certifications

Active Series 7, 9, 10, 63, 66, and 3

Technical Skills

Microsoft Office: Advanced skills in Microsoft Office Suite for efficient document creation, data analysis, and presentation.

Data Analysis Tools: Proficient in using Tableau for data visualization and Aladdin for risk analysis and portfolio management, enhancing decision-making and operational efficiencies. Also experienced in LexisNexis for KYC and AML investigation. Proficient in Excel, PowerPoint and SharePoint when creating illustrations to present to management.

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