We're seeking someone to join our team as a Associate - EDD in WM Operations to support the execution and management of the Firm's EDD protocols for both new and existing customers which includes managing programs and processes to support the examination of potential AML risk exposure for the Firm.
In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Associate level position level position within theClient Service & Relationship Management, which is responsible for managing internal and external client relationships. We do this by engaging in client service activities, optimizing the client experience, and managing vendor/external business partner relationships.
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.
At Morgan Stanley India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across the businesses.
Interested in joining a team that's eager to create, innovate and make an impact on the world? Read on…
What you'll do in the role:
Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes.
Provide operational services in support of the growth of the WM and US Banks businesses.
Partner with the Business Units, including Private Bankers, Lending Advisors, and Branch Risk Officers, to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience.
Demonstrate a strong understanding of the compliance and regulatory frameworks that apply to financial institutions.
Ensure the appropriate collection of required information and or documentation for new and existing clients to effectively support the firm's KYC program.
Examining the source of wealth of certain new and existing Morgan Stanley clients.
Review documents and information to perform client due diligence reviews on higher risk customers.
Exhibit an ability to balance multiple, changing priorities in a dynamic and fast-moving working environment.
Partner with the US Banks, E*TRADE and WM Business Units to ensure appropriate adherence to enhanced due diligence processes while providing a positive client experience.
Demonstrate the ability complete incoming CDD case assignments while meeting deadlines.
Drafting and updating procedures and desktop guidance related to the client onboarding processes.
What you'll bring to the role:
Have 3 - 5 years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)
Have an undergraduate degree in Business, Finance, or related field.
Strong knowledge of Know Your Customer, Customer Identification Program and EDD requirements.
Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
Experience focused on examining potential clients' source of wealth during the client onboarding process.
Ability to:
Take initiative, analyze, summarize, and communicate effectively
Investigate, identify issues, impacts and trends to propose comprehensive solutions
Multitask effectively and action matters promptly
Work independently and in a team environment and take initiative
Handle highly confidential information with appropriate discretion. Work in a high volume, fast paced environment; and
Work in a matrixed organization; leveraging resources across the organization to complete deliverables.
Additional Skills Desired:
Experience with data and trend analysis related to the management of an AML program.
Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is an advantage.
Strong understanding of requisite Microsoft Office applications and ability to learn new internal systems quickly.
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. Our 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.
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.