Financial Crimes Risk Field Advisory Associate

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’s network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. 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.

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.  
 
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:

Certain accounts can present heightened risk factors that have limitations placed on them to mitigate that risk. Exceptions for these limitations are managed by Field personnel in consultation with management.  Certain higher risk exception requests are escalated to the home office. The role of the Review Associate is to evaluate these exception requests to apply a risk-based approach based on the account limitations, the purpose of the temporary exception request, the risk factors associated with the client, and the status of pending requirements.

The Review Associate will exercise caution and sound risk judgment while reviewing and considering all information available regarding the client, their historical activity, and profile information when evaluating the appropriateness of a exception request. The Associate will:

·         Review the exception requests submitted by the Field;   

·         Gather comprehensive information on the reason behind the account limitations, the purpose of the temporary exception request, and the high-risk factors associated with the client and individual transactions;

·         Communicate with Business Units and/or 1L AML Risk where additional information is needed, such as status of pending reviews, purpose of transactions, client risk factors, etc.;

·         Liaising with the Risk Officer, and second line partners where necessary;

·         Asses the ultimate risk of concurring with the temporary exception request of the  limitation  and making a risk-based decision;

·         Develop an understanding of Financial Crime regulations, policies, and procedures;

·         Provides guidance on policy and procedures to various stakeholders;

·         Conduct trainings to various stakeholders

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Qualifications:

• Have 1-4 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.) or,
• Undergraduate degree in Business, Finance, or other related field
• Working knowledge of MS Office suite
• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
• 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 work in a matrixed organization, leveraging resources across the organization to complete deliverables
• Ability to handle highly confidential information professionally and with appropriate discretion

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).

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