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
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.
Background on the Team
The ISG Enhanced Due Diligence (EDD) Professional will be part of a team that is responsible for evaluating client relationships that pose the highest financial crimes risk, while also serving as a check and challenge over the first line's execution of enhanced due diligence. The Institutional Securities Group (ISG) includes the Firm's Institutional Equities, Fixed Income, Commodities, Prime Brokerage and Fund Services businesses.
Primary Responsibilities
The ISG Enhanced Due Diligence Professional will be based in Baltimore and will ultimately report into the Head of GFC Enhanced Due Diligence.
Specific job responsibilities include:
- Execute and sign-off on enhanced due diligence reviews in accordance with the Firm's procedures while managing competing priorities and escalations
- Determine and provide guidance on the appropriate client risk ranking
- Serve as point of escalation and provide support in connection with Know Your Customer (KYC) onboarding and enhanced due diligence
- Identify and evaluate financial crimes risks, including negative news related to clients, counterparties
- Engage various third-party and internal databases to assist with due diligence searches as needed
- Develop an understanding of anti-money laundering regulations, policies, and procedures
- Deliver training and provide guidance and support to Operations and Business Risk teams and other first line support functions in their implementation of EDD and Global KYC Standards and country-level standards
- Deliver training to the BUs, Non Financial Risk coverages and other first-line and other support functions
Role will require in office attendance 3 days/week.
Skills required (essential)
Candidates must have:
- 4-year college degree with strong academic credentials
- 2-4 years of professional experience in a Financial Crimes, Compliance, Audit, or Risk Management capacity within the financial services industry
- Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program
- Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment
- Exceptional written and verbal communications skills, attention to detail, and effective time management
- Sound judgment and an ability to manage and appropriately escalate issues internally
- Outstanding interpersonal skills and team-player attitude
- CAMS certification - be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire
Skills desired
- Understanding of the laws, rules, and regulations pertaining to AML as well as sanctions and anti-corruption
- Knowledge of Investment Banking, Global Capital Markets, Institutional Equities: Cash Equities, Derivatives, Prime Brokerage, Fund Administration, Electronic Trading and Fixed Income: Commodities, Macro Products, Global Credit Products, and Distribution and Lending Products
- Prior experience at financial institution conducting enhanced due diligence reviews including reviewing customer data and documentation to satisfy BSA/AML Compliance requirements.
- Highly responsive team player who can think independently
- Ability to maintain a positive and professional attitude in a fast-paced environment
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).