Job Number:

3236591

DESCRIPTION

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management, and Asset Management.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and grow.

Department Profile:

The Anti-Money Laundering Risk (AML Risk) team is embedded within the Firm’s business line. It is responsible for identifying, assessing and escalating potential money laundering and reputational risks associated with higher risk client types. The AML Risk team is considered to be in the First Line of defense and supports the onboarding, client due diligence, enhanced due diligence and negative news processes for Morgan Stanley.

Responsibilities:

The AML Risk Institutional Enhanced Due Diligence (EDD) and Periodic Review team, part of the Governance and Oversight group within the AML Risk organization for US Banks and Wealth Management (WM), is responsible for overseeing risk-relevant activities related to AML. The AML Risk Associate will assess Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through: (1) the execution of EDD reviews for institutional customers; (2) providing oversight of the periodic review process for all US Bank and WM customers and; (3) serve as a point of contact to our key stakeholders including the Business Units, Operations, Global Financial Crimes, and Non-Market Risk teams.

The AML Risk Associate will:

Actively manage and lead processes and tasks supporting the Firm’s EDD program

Lead key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities;

Assist in overall management of risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information

Actively identify, measure, control and remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Unit

Manage implementation of internal policies, provide periodic risk relevant reporting to senior stakeholders and make recommendations to improve procedures governing AML-related activities

Draft and update policies, procedures and desktop guidance

Partner with the Business Unit to ensure appropriate adherence to CDD and EDD processes while providing a positive client experience

Partner with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis

Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continue to comply with industry regulations and expectations

Provide general supervisory support for key stakeholders and serve as their point of contact for questions, issues and escalations #LI

QUALIFICATIONS

Have 3 plus years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)

Have an undergraduate degree in Business, Finance, or other related field

Strong knowledge of Know Your Customer (KYC), Customer Identification Program and Customer Due Diligence (CDD) requirements

Strong interpersonal skills and ability to communicate effectively both verbally and in writing

Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity

Ability to work in a high volume, fast paced environment

Ability to work on manage multiple tasks and appropriately prioritize in conjunction with managing the day-to-day processes

Ability to work both independently and with team members, under tight deadlines

Ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables

Ability to handle highly confidential information professionally and with appropriate discretion

Be capable of assessing and developing individual and team skills and providing timely constructive feedback

Skills Desired:

Working knowledge of MS Office, RDC, Actimize, CLEAR, and DDIQ

Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus