Financial Crime Risk and Client Onboarding

at  Morgan Stanley

Financial Crime Risk and Client Onboarding
Job Number:

3261018
POSTING DATE: Oct 22, 2024
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-London
JOB: Investment Banking/Sales/Trading/Research
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION

Financial Crime Risk and Client Onboarding - Associate
London
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management 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. We 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
The Financial Crimes Risk and Client Onboarding (“FCR”) Team is embedded 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.

What will you be doing?

• Executing the end-to-end Enhanced Due Diligence (“EDD”) workflow of the EDD program focused on assessing AML risks related to new and existing clients to effectively mitigate potential AML risk exposure in accordance with internal policies and procedures
• Reviewing 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
• Reviewing risk-relevant matters associated with prospective clients identified during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information
• Assisting in preparing periodic reporting for senior stakeholders
• Assisting on other special projects, as needed

What we’re looking for:

• 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

QUALIFICATIONS

Skills that will help you in the role:

• Sufficient knowledge of AML regulatory requirements and expectations (Domestic - US and International - non-US)
• 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

Where will you be working?

• 20 Bank Street, E14 4AD
• This role will require office presence for 5 days per week.

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.
Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.
Equal opportunities statement:
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

What will you be doing?

• Executing the end-to-end Enhanced Due Diligence (“EDD”) workflow of the EDD program focused on assessing AML risks related to new and existing clients to effectively mitigate potential AML risk exposure in accordance with internal policies and procedures
• Reviewing 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
• Reviewing risk-relevant matters associated with prospective clients identified during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information
• Assisting in preparing periodic reporting for senior stakeholders
• Assisting on other special projects, as neede

Skills that will help you in the role:

• Sufficient knowledge of AML regulatory requirements and expectations (Domestic - US and International - non-US)
• 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 employmen