Anti-Money Laundering Risk AVP/Associate - Enhanced Due Diligence at Morgan Stanley (Baltimore, MD)

| Baltimore, MD
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Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management, US Banks, E*TRADE and Asset Management. Morgan Stanley's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust 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. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

Department Profile:

The Anti-Money Laundering Risk (AML Risk) team is embedded within the Firm's business line. It is responsible for identifying, assessing and escalating potential money laundering and reputational risks associated with higher risk client types. The AML Risk team is considered to be in the First Line of defense and supports the onboarding, client due diligence, enhanced due diligence and negative news processes for Morgan Stanley.


The AML Risk EDD Associate will be responsible for executing risk-relevant activities related to AML. The AML Risk EDD Associate will assess Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm's EDD protocols for both new and existing customers. In addition, the AML Risk EDD Associate will have ultimate responsibility for the escalation of issues or risks related to these processes.

The AML Risk EDD Team Associate will:

- Review documents and information to perform enhanced due diligence reviews on higher risk customer

- Assist in executing key projects and initiatives related to assessing and mitigating the Firm's exposure to money laundering and reputational risk- relevant activitie

- Perform risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and EDD processes to ensure continued knowledge of the existing client base and any material changes to client information

- Actively identify, measure, control and remediate AML and reputational risk issues with partners in Global Financial Crimes, Compliance and the Business Unit

- Perform processes in accordance with internal policies, develop and monitor periodic AML reporting to senior stakeholders, and make recommendations to improve procedures governing AML-related activitie

- Partner with the US Banks, E*TRADE and WM Business Units to ensure appropriate adherence to client due diligence processes while providing a positive client experience

- Partner with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basi

- Active pipeline management and engagement with Financial Advisors, Complex Management and Risk Officers to manage client relationship

- Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continues to comply with regulatory requirements and expectation

- Partner with the Business Units, including U.S. Banks, E*TRADE, International Wealth Management, Field Strategic Services, and WM Risk, to ensure appropriate adherence to BSA/AML requirements and Business Unit Risk Tolerance


Required Experience:

- Have 1-4 years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Office of the Comptroller of the Currency, Federal Reserve Bank, Securities and Exchange Commission, etc.)

- Have an undergraduate degree in Business, Finance, or other related field or a minimum 5 years of relevant work experience

- Strong knowledge of Know Your Customer, Customer Identification Program and CDD requirement

- Strong interpersonal skills and ability to communicate effectively both verbally and in writing

- Strong work ethic with an ability to work both independently and with team members, under tight deadline

- Ability to work in a high volume, fast paced environment

- Ability to work in a matrixed organization; leveraging resources across the organization to complete deliverable

- Ability to handle highly confidential information professionally and with appropriate discretion

Skills Desired:

- Fluent in Spanish or Portuguese is a plu

- Working knowledge of MS Office

- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
More Information on Morgan Stanley
Morgan Stanley operates in the Financial Services industry. The company is located in Rochester, NY, New York, NY, Purchase, NY, Conshohocken, PA, Baltimore, MD, Richmond, VA, Westlake, OH, Beavercreek, OH, Tampa, FL, Kansas City, MO, Omaha, NE, New York, NY, San Francisco, CA and San Francisco, CA. It has 87899 total employees. It offers perks and benefits such as Flexible Spending Account (FSA), Disability insurance, Dental insurance, Vision insurance, Health insurance and Life insurance. To see all 39 open jobs at Morgan Stanley, click here.
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