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 747 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 ethic. 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
Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm's businesses.
Background on the Team
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions and anti-corruption obligations and its particular clients and transactions.
The GFC Institutional Securities Group team is focused on the anti-money laundering obligations and enhanced due diligence (EDD) of high-risk customers associated with the Fixed Income, Institutional Equity, Commodities, Investment Banking Division and other ISG business lines.
Primary Responsibilities:
- Management of day-to-day account opening issues, including approvals of high risk clients, waivers etc where required. - Assess the Financial Crime risk associated with potential and existing high-risk clients via the EDD process; - Review any potential AML issues which arise across business units and jurisdictions covered by the Asia Pacific GFC group; - Review possible true hits from screening and follow-up with appropriate Business Units (typically via Non-Market Risk representatives) and GFC to gather further information; and - Draft EDD and PEP case summaries including all relevant information about the client, screening results and risk mitigants, and escalating the summaries to the appropriate GFC colleagues/teams; - Monitor regulatory developments and drive implementation of new rules or requirements
Qualifications:
The ideal candidate will possess the following attributes:
Required Experience - Graduate with 2-3 years of working experience in a global financial institution - Bachelor's degree in Law, Risk Management, Business Administration or related disciplines preferred
Knowledge - Possess experience in know your customer requirements including customer identification program, customer due diligence and enhanced due diligence - Possess a strong understanding of the financial markets and banking, including broker-dealer product-based knowledge - Awareness of current laws, rules and regulations related to AML
Skills - Strong oral and written communication skills in English and Chinese - Attention to detail and effective time management skills - Highly motivated with the ability to multi-task and remain organized in a fast-paced environment - Have excellent interpersonal skills and ability to work effectively with colleagues across regions and Business Units - Possess the ability to research and resolve issues independently while working across teams to acquire information - Possess strong analytical thinking and critical reasoning skills - Have the ability to effectively handle a fast paced environment and successfully meet established deadline requirements - Be self-motivated and must have the ability to work independently - Demonstrate meticulous attention to detail. - Have demonstrable good judgment (e.g. able to apply regulatory requirements to unique transaction/client situations)
Internal Number: 5494900
About Morgan Stanley
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