Analyst, Anti-Money Laundering (AML) Risk - EDD

Employer
Morgan Stanley USA
Location
Parkville, MD
Posted
Jan 14, 2019
Closes
Jan 15, 2019
Function
Analyst
Hours
Full Time
Morgan Stanley (\"MS\") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management, 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 Wealth Management Anti-Money Laundering Risk (WM AML Risk) team is embedded within the Firm's business line. 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 for Morgan Stanley. Responsibilities : The WM AML Risk Analyst - EDD will be responsible for executing risk-relevant activities related to AML. The WM AML Risk Analyst - EDD will identify and assess potential Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm's EDD protocols for both new and existing customers. Further, the WM AML Risk Analyst - EDD will have ultimate responsibility for conducting enhanced due diligence reviews on customers posing elevated risks as well as identifying and escalating risks as appropriate. The WM AML Risk Analyst - EDD will : Review documents and information to perform Enhanced Due Diligence reviews on higher risk customers Perform risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information Actively identify, measure, control and remediate AML and reputational risk issues with partners in Global Financial Crimes Compliance and the Business Unit Partner with the WM Business Units, including International Wealth Management, Field Strategic Services, and WM Risk, to ensure appropriate adherence to client due diligence processes while providing a positive client experience Active pipeline management and engagement with Financial Advisors, Complex Management and Risk Officers to onboard new and existing WM client relationships Assist in executing key projects and initiatives related to assessing and mitigating Wealth Management's exposure to money laundering and reputational risk-relevant activities 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 Qualifications: Have 1-4 years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (eg, FINRA, Office of the Comptroller of the Currency, Federal Reserve Bank, Securities and Exchange Commission, etc.) Have an undergraduate degree in Business, Finance, or other related field Foreign Language skills, fluent in Spanish or Portuguese is a plus 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 Analyst, Anti-Money Laundering (AML) Risk - EDD