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. Morgan Stanley's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. 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.
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 the First Line of defense and supports the onboarding, client due diligence (CDD), enhanced due diligence (EDD) and negative news processes (NNS) for Morgan Stanley.
Responsibilities:
- The AML Risk NNS Escalation Team Associate is a part of the AML Risk NNS Escalation Team and is responsible for executing a centralized function that handles risk-relevant reputational matters. The NNS Escalation Team Associate will assess and escalate Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm's Centralized NNS protocols for existing customers.
The Escalation Team Associate will:
- Execute processes and tasks supporting the Firm's Centralized NNS program
- Coordinate reviews for negative news related to existing customers that pose a reputational risk to the Firm
- Perform in-depth reviews and investigations into complex matters
- Initiate communications with front office personnel
- Complete escalation reviews and documentation
- Assist in executing key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk-relevant activities
- Assist in the escalation of non-financial and financial crime matters for Wealth Management, US Banks and ETRADE customers to Senior Management as well as a working group for review.
- Actively identify, assess and, where appropriate, remediate money laundering and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Units
- Update policies, procedures and desktop guidance
- 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 continues to comply with industry regulations and expectations
- Have 1-4 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.) or
- Have an undergraduate degree in Business, Finance, or other related field
- Have substantial investigative experience
- Strong knowledge of Know Your Customer and Customer Identification Program, CDD and EDD requirements and expectations
- Strong interpersonal skills and ability to communicate effectively both verbally and in writing
- Strong work ethic as well as a high degree of integrity
- Ability to work in a high volume, fast paced environment
- 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
Skills Desired:
- Working knowledge of MS Office
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
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).