EDD Reviewer, Associate, 1L Financial Crimes Risk, Wealth Management in Bombay, भारत

About Us:

Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (WM), and Asset Management. 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. The WM and U.S. Banks Financial Crimes Risk Assistant Vice President (AVP) is part of Wealth Management and the Morgan Stanley Private Bank, National Association and the Morgan Stanley Bank, NA (collectively, the “U.S. Banks”) on the WM and U.S. Banks Financial Crimes Risk Team.

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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, achieve, and grow.

Department Profile:

The WM and U.S. Banks Financial Crimes Risk Team 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 WM and U.S. Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

Responsibilities:

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.

The First Line Financial Crime EDD Team Associate will:

• 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
• Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continues to comply with regulatory requirements and expectations

Required 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

Skills Desired:

• 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.

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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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