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 WM 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.
The WM AML Risk Associate - NNS will be responsible for executing risk-relevant activities related to AML. The WM AML Risk Associate - NNS will identify and assess potential Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm's NNS protocols for both new and existing customers. The WM AML Risk Associate - NNS will have ultimate responsibility for the identification and, as appropriate, escalation of negative news events or risks.
The WM AML Risk Associate - NNS will :
Review and investigate media alerts and customer information to perform Negative News reviews on all WM clients
Perform the First Line of Defense's NNS process for both prospective and existing clients, ensuring appropriate financial crime and reputational risk escalation of negative media alerts
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 BSA/AML requirements and Business Unit Risk Tolerance
Active pipeline management and engagement with Financial Advisors, Complex Management and Risk Officers to manage WM client relationships
Partner with the Second Line of Defense Global Financial Crimes Compliance teams, including US Investigations and Transaction Monitoring teams, to monitor client relationships on an ongoing basis
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 and metrics to senior stakeholders, and make recommendations to improve procedures governing AML-related activities
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.)
Have an undergraduate degree in Business, Finance, or other related field
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
Internal Number: 5203188
About Morgan Stanley USA
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