Anti-money Laundering Risk – Enhanced Due Diligence (AML Risk Associate)

Morgan Stanley (MS) is a global financial services firm that conducts its business through three principal business segmentsInstitutional Securities Wealth Management (WM) and Asset Management. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage investment advisory financial and wealth planning credit and lending deposits and cash management annuities insurance retirement and trust services. The WM and U.S. Banks Financial Crimes Risk Assistant Vice President (AVP) is part of Wealth Management and the Morgan Stanley Private Bank National Association and the Morgan Stanley Bank NA (collectively the U.S. Banks) on the WM and U.S. Banks Financial Crimes Risk Team.

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 doing the right thing putting clients first leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career a place for people to learn achieve and grow.

Department Profile:

The WM and U.S. Banks Financial Crimes Risk Team is embedded within the Firms business line. It is responsible for identifying assessing and escalating potential money laundering and reputational risk issues associated with higher risk client types. The WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding enhanced due diligence and negative news processes for Morgan Stanley.

Responsibilities:

The AML Risk EDD Associate will be responsible for executing risk-relevant activities related to AML. The AML Risk EDD Associate will assess Bank Secrecy Act (BSA) money laundering and reputational risk matters identified through the execution of the Firms EDD protocols and will have ultimate responsibility for the escalation of issues or risks related to these processes. Additionally this role is expected to periodically support ad-hoc projects and initiatives including remediation lookbacks and/or root-cause analysis and solutions implementation.

The AML Risk EDD Team Associate will:

Review documents and information to perform enhanced due diligence reviews on higher risk customers

Act as key support for ad-hoc remediation projects and initiatives related to assessing and mitigating the Firms exposure to money laundering and reputational risk-relevant activities.

Develop broad knowledge of the EDD review operations end-to-end cycle and provide subject matter guidance to project teams

Ensure timely feedback loop on identified gaps or issues to stakeholders involved in EDD operations

Actively identify measure control and remediate AML and reputational risk issues with partners in Global Financial Crimes Compliance and the Business Units

Perform processes in accordance with internal policies develop and monitor periodic AML reporting to senior stakeholders and make recommendations to improve procedures governing AML-related activities

Active pipeline management and engagement with Financial Advisors Complex Management and Risk Officers to manage client relationships

Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continues to comply with regulatory requirements and expectations

Required Experience:

Have 3-5 years of relevant experience with BSA/AML Regulations within the financial services industry or at a financial services regulator (e.g. FINRA Office of the Comptroller of the Currency Federal Reserve Bank Securities and Exchange Commission etc.)

Have an undergraduate degree in Business Finance or other related field

Strong knowledge of Know Your Customer Customer Identification Program and CDD requirements

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

Strong work ethic with an ability to work both independently and with team members under tight deadlines

Ability to work in a high volume fast paced environment

Ability to handle highly confidential information professionally and with appropriate discretion

Skills Desired:

Working knowledge of MS Office

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

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $95000 and $120000 per year at the commencement of employment. However base pay if hired will be determined on an individualized basis and is only part of the total compensation package which depending on the position may also include commission earnings incentive compensation discretionary bonuses other short and long-term incentive packages and other Morgan Stanley sponsored benefit programs.

Morgan Stanleys 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).