FCR Associate, ISG Management

Company Profile

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 1,200 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 ethics.  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

The Financial Crimes Risk (“FCR”) Team operates as the first line of defense within the Firm’s business line.  It is responsible for identifying, assessing, and escalating potential financial crime and reputational risk associated with higher risk clients, both at onboarding and throughout the client lifecycle.

FCR partners closely with the business, operations and second line of defense to support client onboarding, enhance due diligence (EDD), and ongoing risk management, ensuring that client relationships aligned with regulatory expectations and the Firm’s risk appetite.

Primary Responsibilities

• Execute 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

• 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 to ensure continued knowledge of the existing client base and any material changes to client information

• Perform financial crime risk assessments as part of the new product approval process, including evaluating impact on first line of defense controls

• Evaluate  background check reports and adverse media to identify and mitigate financial crime risks

• Assist in preparing periodic reporting for senior stakeholders

• Assist in other special projects, as needed

Role will require in office attendance 5 days/week.

Qualifications

Experience Required:

• Minimum 3-5 years relevant 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

• 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: Mandarin, Cantonese, Japanese

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.