Data Analytics & Reporting, 1L Financial Crimes Risk, Associate, Wealth Management in Bombay, भारत

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 41 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:

The Financial Crimes Risk (“FCR”) department is embedded within the Firm’s business line. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types. The FCR department is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

Position Summary:

Our key priority is to design and build Wealth Management, Bank, and Investment Management Risk’s ability to aggregate, analyze and report on relevant risk factors within the FCR segment across these Morgan Stanley businesses. 

The Data, Analytics and Reporting Team (“DART”) within FCR is seeking a candidate who will provide analytical and reporting automation support for the financial crimes program, regulatory thematic updates, and transformation initiatives across the first line financial crimes processes. In addition to working within FCR, the employee will also collaborate with the Business, IT, Legal and Compliance, and Bank and Field Management.

Key Responsibilities:

Our key priority is to design and build the first line Financial Crimes Risk supervisory framework and control structures. This includes the ability to aggregate, analyze and report on key risk factors in the Financial Crimes space across WM, Bank, and Investment Management businesses, particularly with respect to heightened risk client types and international wealth businesses and compliance with relevant policies and procedures when servicing clients. The ideal candidate will have experience in managing complex strategic projects, related to risk oversight in financial crimes, have expertise in data management and reporting as well as good strategic thinking and communication skills to produce effective monitoring of existing and emerging risks and ultimately effect change in the business’ risk management practices.

The candidate will be responsible for collecting, processing, and analyzing data from various sources. The employee will be expected to work independently as well as part of a team to execute the full cycle of quantitative analysis. This includes sourcing raw data, quality checking the data, transforming data as necessary and using data to draw sound conclusions and help drive risk policies. This role requires familiarity with datasets larger than four million records and to build automated and scalable tools for reporting and analysis. The employee will take initiative and responsibility to drive tasks forward. In addition to data management, the ability to reach conclusions quickly and consistently will be critical to being successful in this role. The candidate’s primary responsibilities will include:

• Support development of control structure based on ongoing analysis and relevant risks related to the first line financial crimes risk program, including regulatory and transformation initiatives
• Through data-driven analyses, liaise with functional area representatives from FCR and its stakeholders to identify and assess potential gaps in the risk framework and provide recommendations on control structures
• Assist with developing requirements and work closely with technology, data & analytics, and operations teams to drive relevant data sourcing systemic control development
• Manage projects to build automated and scalable tools for reporting, analysis and gaining efficiencies in financial crimes risk processes
• Assist in designing and implementing a holistic risk management framework for the firm’s financial crimes risk program
• Integrate new data queries and insights into existing supervision framework
• Perform data analysis on special topics related to key events and regulations
• Assist in building data pipelines to support risk management process
• Engage senior stakeholders across 1st and 2nd lines on special initiatives and ongoing financial crimes related risk matters
• Expand the use of AI across 1st line FCR data driven activities and processes to drive efficiency and automation

Required Skills:

• Strong knowledge of SQL and Python are job requirements
• Strong project management skills and ability to manage many competing priorities
• Experience visualizing data for reporting and end user analysis, using tools like Tableau
• Practical experience with applying statistical models to solve business problems
• A quantitative degree e.g., Math, Statistics, Computer Science, Finance
• Experience in risk management, financial industry and/or business management. Knowledge related to Wealth Management a plus
• Working knowledge of financial risk management concepts, with a desire to quickly acquire deeper proficiency
• Familiarity with Agile software development and software design patterns is a plus
• Excellent written and verbal communication skills, and comfortable interfacing with senior personnel on highly sensitive issues
• Proven ability to work across departments to influence others and build strong relationships
• Strong belief in purposeful evolution, innovation, and digital transformation
• Attention to detail, high level of initiative and resourcefulness and ability to problem solve, demonstrate good business judgment and integrity
• Proficiency in Microsoft programs including Outlook, Word, PowerPoint and Excel

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.

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Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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