Assistant Vice President Due Diligence Specialist

Morgan Stanley Home Loans is seeking an Assistant Vice President Due Diligence Specialist. This individual will report to the VP Due Diligence Team Manager and will be responsible for identifying, communicating and coordinating with 1st and 2nd lines on due diligence alerts and inquiries. Additionally, the individual will be placing conditions in the Home Loans Originations System to prevent loans from moving to closing until confirmation that appropriate screenings have been completed and cleared. The individual will be working with Global Financial Crimes and Ops Risk Quality Assurance partners on review results and remediate exceptions identified where possible. The individual will be aligned to projects/action items/audits and participate in working sessions detailing processes end-to-end, identifying gaps and/or creation of procedures that support those initiatives.

Job Responsibilities

• Business Support to Home Loan Employees for Anti-Money Laundering (AML)/Global Financial Crimes (GFC)/Due Diligence Escalations
• Daily Reconciliation of Outstanding Home Loans Due Diligence Cases
• Develop tactical and strategic resolutions to address Due Diligence QA/QC Findings
• Collaborate with 1st LOD and 2nd LOD to ensure Due Diligence Reviews are addressed
• Manage Due Diligence Pipeline to ensure reviews are completed in a timely manner and provide transparency on reviews underway
• Compile and Reconcile List of Parties that require Due Diligence Screenings
• Daily submission, monitoring of results, condition clearing and escalations for Due Diligence OFAC and Negative News screening log
• Work with Business Unit and Risk Partners to collect additional information and/or forms required for Enhanced Due Diligence reviews
• Place conditions within loan origination systems for High or High Plus risk rating for applicants identified by AML Risk Partners
• Review and investigate transaction monitoring alerts for potential fraud, money laundering, and sanctions risks
• Effectively utilize systems, both internal and external, to perform job functions and maintain accurate records
• Act as a KYC/AML subject matter expert
• Ensure all transactions follow financial regulations
• Ensure there is strong oversight of all compliance operations including AML, Fraud, Sanctions, KYC/CIP/CDD and EDD, PEP, & OFAC sanctions

Required qualifications, capabilities and skills

• Highly proficient in Microsoft Office applications (word, excel, power point, Visio and outlook)
• Ability to effectively collaborate with cross functional groups
• Adapt at working in a fast-paced, high-energy environment
• Meticulous and solid follow-up and follow through skills

Preferred qualifications

• BS/BA or equivalent preferred
• Minimum of 3-5 years of relevant work experience in KYC/AML/Global Financial Crimes (GFC)
• Minimum of 3-5 years of Mortgage experience
• Excellent communication, oral, written and presentation skills
• Excellent customer focus; results oriented; focused on attention to detail
• Strong relationship building skills and ability to effectively collaborate with cross functional groups

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Expected base pay rates for the role will be between $85,000 and $135,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

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).