Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.
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. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
The CDD Operations Team is embedded within the Firm's Wealth Management Operations Group. It is responsible for identifying, collecting, and ensuring all documentation and information associated with higher risk client types has been received in good order. The CDD Operations Team is considered the first line of defense and supports the onboarding, client due diligence, and negative news processes for Morgan Stanley clients.
The CDD Operations Analyst is a part of Wealth Management Operations and is responsible for overseeing processes related to the Client Due Diligence program. The Analyst will support the execution of the Firm's CDD protocols for both new and existing customers. This includes managing programs and processes to support the examination of potential AML risk exposure for the Firm.
Responsibilities
- Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes
- Provide operational services in support of the growth of the WM and US Banks businesses
- Partner with the Business Units, including Private Bankers, Lending Advisors, and Branch Risk Officers, to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience
- Demonstrate a strong understanding of the compliance and regulatory frameworks that apply to financial institutions
- Ensure the appropriate collection of required information and or documentation for new and existing clients to effectively support the firm's KYC program
- Examining the source of wealth of certain new and existing Morgan Stanley clients
- Review documents and information to perform client due diligence reviews on higher risk customers
- Exhibit an ability to balance multiple, changing priorities in a dynamic and fast-moving working environment
- Partner with the US Banks, E*TRADE and WM Business Units to ensure appropriate adherence to client due diligence processes while providing a positive client experience
- Demonstrate the ability complete incoming CDD case assignments while meeting deadlines
Qualifications
- Have 1 - 3 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 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
- Experience focused on examining potential clients' source of wealth during the client onboarding process
- Take initiative, analyze, summarize, and communicate effectively
- Investigate, identify issues, impacts and trends to propose comprehensive solutions
- Multitask effectively and action matters promptly
- Work independently and in a team environment and take initiative
- Handle highly confidential information with appropriate discretion
- Work in a high volume, fast paced environment and work in a matrixed organization; leveraging resources across the organization to complete deliverables
- Experience with data and trend analysis related to the management of an AML program
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is an advantage
- Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly
- Legal background / experience an advantage
- Native or professional fluency in Spanish, Portuguese, Russian or Chinese is an advantage
- Strong verbal and written communication skills
- Good time management and attention to detail are critical to this position
- Good analytical, research, organizational, and project management skills
- Strong individual contributor with the ability to collaborate across teams
- Expertise in examining potential clients' source of wealth during the client onboarding process
Role is Hybrid and will require in office attendance 3 days/week. #LI-Hybrid
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).