Financial Crime Risk Associate

Department Profile

The Financial Crimes Risk and Client Onboarding ("FCRCO") Team sits 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

Primary Responsibilities
• Execute the end-to-end Enhanced Due Diligence ("EDD") workflow of the EDD program for New Client New Business ("NCNB"), focused on assessing AML risks related to new clients to effectively mitigate potential AML risk exposure in accordance with internal policies and procedures.
• Review EDD Profile and documentation (including all screening results) to evaluate the relevant risk factors driving the higher customer risk rating and document analysis, including rationale to approve or decline customer and draft summary statement.
• Review risk-relevant matters associated with prospective clients identified during Client Due Diligence ("CDD") and EDD processes
• Assist in preparing periodic reporting for senior stakeholders.
• Assist on other special projects, as needed.

Role will require in office attendance 4 days/week.

Qualifications - Internal

Experience Required:

• Relevant training experience in BSA/AML and OFAC requirements in financial or banking industry
• Undergraduate degree in related field or an equivalent combination of training and experience

Skills Required:

• Sufficient knowledge of AML regulatory requirements and expectations (Domestic - UK and International - non-UK)
• Strong research and analytical skills with attention to detail
• Strong analytical skills to identify and assess relevant AML risks including all screening results.
• Strong writing skills to articulate customer's EDD profile and analysis of AML risks imposed.
• Basic knowledge of business, products, operations, systems and organization
• Basic knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access)
• Ability to handle highly confidential information with appropriate discretion.

• Associates assisting with complex cases: Ability to leverage investigative or due diligence skills to work on complex files.
• Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment

Ability to:

• Take initiative, analyze, summarize, communicate effectively, and escalate issues to senior leadership appropriately.
• Investigate, identify issues, impacts and trends to propose comprehensive solutions.
• Multitask effectively and action matters promptly.
• Work independently and in a team environment.
• Handle highly confidential information with appropriate discretion.
• Work in a high volume, fast paced environment.
• Work in a matrixed organization; leveraging resources across the organization to complete deliverables.

Additional Skills Desired:

• Associates working on international files: Strong foreign language/translation skills in: Spanish, Portuguese, French, Mandarin, Cantonese, Arabic, Russian, Hindi, Urdu, Punjabi, Italian, or African languages.

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 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There's also ample opportunity to move about the business for those who show passion and grit in their work.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.