Address Director- Negative News Screening- Wealth Management
Job Number:
3247428
POSTING DATE: Feb 26, 2024
PRIMARY LOCATION: Non-Japan Asia-India-India-Mumbai (MSA)
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director
DESCRIPTION
Anti-money Laundering Risk – Negative News Screening Director (AML Risk Associate - NNS)
Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (“WM”) 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:
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 lines. 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.
Responsibilities:
The AML Risk Director – NNS will be responsible for executing risk-relevant activities related to AML. The AML Risk Director– NNS will identify and assess potential Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm’s NNS protocols for both new and existing customers. The AML Risk Director – NNS will have ultimate responsibility for the identification and, as appropriate, escalation of Negative News events or risks.
The AML Risk NNS Associate will:
The AML Risk Director – NNS will be responsible for executing risk-relevant activities related to AML. The AML Risk Director– NNS will identify and assess potential Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm’s NNS protocols for both new and existing customers. The AML Risk Director – NNS will have ultimate responsibility for the identification and, as appropriate, escalation of Negative News events or risks.
The AML Risk NNS Associate will:
Review and investigate media alerts and customer information to perform Negative News reviews on all relevant clients
Perform the First Line of Defense’s NNS process for both prospective and existing clients, ensuring appropriate financial crime and reputational risk escalation of negative media alerts
Actively identify, measure, control and remediate AML and reputational risk issues with partners in Global Financial Crimes Compliance and the Business Unit
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
Partner with the Second Line of Defense Global Financial Crimes Compliance teams, including US Investigations and Transaction Monitoring teams, to monitor client relationships on an ongoing basis
Assist in executing key projects and initiatives related to assessing and mitigating E*TRADE, WM and the U.S. Banks’ exposure to money laundering and reputational risk-relevant activities
Perform processes in accordance with internal policies, develop and monitor periodic AML reporting and metrics to senior stakeholders, and make recommendations to improve procedures governing AML-related activities
QUALIFICATIONS
Qualifications:
Have 8-13 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.) or,
Undergraduate degree in Business, Finance, or other related field
Working knowledge of MS Office suite
Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
Strong knowledge of Know Your Customer, Customer Identification Program and CDD requirements
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 deadlines
Ability to work in a high volume, fast paced environment
Ability to work in a matrixed organization, leveraging resources across the organization to complete deliverables
Ability to handle highly confidential information professionally and with appropriate discretion
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
