Associate, Enhanced Due Diligence, Financial Crimes, Wealth Management

Company Profile

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. At Morgan Stanley India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across businesses.

Division Profile

The Anti-Money Laundering Risk (AML Risk) team is embedded within the Firm's business lines. 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.

Position Summary

The First Line Financial Crime EDD Associate will be responsible for executing risk-relevant activities related to AML. The First Line Financial Crime EDD Associate will assess Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm's 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.

Key Responsibilities

• 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 Firm's 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

Requirements

• Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continues to comply with regulatory requirements and expectations Experience:
• Have 3-6 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 a bachelor's 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

Required Skills

• 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

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

Key skills/competency

• BSA/AML Regulations
• Enhanced Due Diligence (EDD)
• Financial Crime Risk Management
• Know Your Customer (KYC)
• Customer Identification Program (CIP)
• Client Due Diligence (CDD)
• Regulatory Compliance
• Wealth Management
• Financial Services Industry
• Risk Assessment & Escalation