JOB LEVEL

Associate (Professional)

TIER

NA

FCR Associate – Enhanced Due Diligence Quality Control

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 ethics.  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”) Team sits 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 Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

Primary Responsibilities:

• Assess the Financial Crime risk associated with potential and existing high-risk clients of the Firm via the Enhanced Due Diligence (“EDD”) process.
• Confirm the EDD performed aligns with the Firm's policies and procedures and is completed accurately and with quality
• Work with the FCR EDD production non-officers to address and remediate Quality Control (“QC”) findings
• Validate that FCR and/or Global Financial Crimes (“GFC”) Leadership findings/comments have been remediated by FCR EDD Production non-officers
• Maintain accurate reporting and workflow tracking of EDD cases through the QC lifecycle.
• Escalate themes identified during QC testing to FCR Leadership for awareness
• Provide supervisory support and training FCR EDD Production non-officers through developing individual and team skills and providing timely, constructive feedback
• Challenge existing systems and processes, looking for enhancements and efficiencies where possible
• Support QC management as needed during regulatory examinations and internal audits
• Assist on other special projects, as needed

The role will require in-office attendance 4 days per week

Qualifications:

Experience Required:

• Relevant training experience in BSA/AML and OFAC requirements in financial or banking industry
• Undergraduate degree in related field or an equivalent combination of training and experience

Skills Required:

• Strong knowledge of AML regulatory requirements and expectations (Domestic – UK and International - non-UK)
• Strong research and analytical skills with particular focus on attention to detail
• Strong analytical skills to identify and assess relevant AML risks including all screening results
• Strong writing skills to articulate customer’s EDD profile and analysis of AML risks imposed
• Strong interpersonal skills and ability to work effectively with colleagues across different divisions including but not limited to Operations, GFC, and relevant Business Units.
• Strong ability to effectively handle a fast-paced environment and work to tight deadlines; be able to re-prioritise work in response to changes in business needs
• Strong knowledge of business, products, operations, systems and organization within the Institutional Securities Group (“ISG”)
• Basic knowledge of Microsoft Office tools (Word, PowerPoint, Excel)
• Ability to handle highly confidential information with appropriate discretion
• Ability to leverage investigative or due diligence skills to work on complex files
• Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license – or certification within first 15 months of employment

Ability to:

• Take initiative, analyze, summarize, communicate effectively, and escalate issues to senior leadership appropriately
• Investigate, identify issues, impacts and trends to propose comprehensive solutions
• Multitask effectively and action matters promptly
• Work independently and in a team environment
• Handle highly confidential information with appropriate discretion
• Work in a high volume, fast paced environment
• Work in a matrixed organization; leveraging resources across the organization to complete deliverables
• Embrace new technologies, such as AI, to make existing process more efficient

Additional Skills Desired:

• Strong foreign language/translation skills in: Spanish, Portuguese, French, Mandarin, Cantonese, Arabic, Russian, Hindi, Urdu, Punjabi, Italian, or African languages

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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Certified Persons Regulatory Requirements:

If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement

Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

Internal Applicants

Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.