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Morgan Stanley · 3 days ago

Anti-money Laundering Risk – Enhanced Due Diligence (AML Risk Assistant Vice President)

Purchase, NY

Full-time

Onsite

Mid, Senior Level

$100K/yr - $135K/yr

5+ years exp

Morgan Stanley is a global financial services firm that provides comprehensive financial advice and services. The AML Risk Assistant Vice President will oversee due diligence and risk-relevant activities related to anti-money laundering, focusing on assessing and escalating potential money laundering and reputational risk issues associated with higher risk client types.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Actively managing and leading processes supporting the Firm’s customer due diligence (CDD) and enhanced due diligence (EDD) program with a specific focus on source of wealth analysis and corroboration

Managing data and trend analysis related to the source of wealth review process and providing reporting to relevant stakeholders

Examining the source of wealth of certain new and existing Morgan Stanley clients

Serving as a point of contact for questions, issues and escalations related to the review of certain clients’ source of wealth

Reviewing and responding to monthly quality control findings related to the source of wealth review process

Providing supervisory support and training for AML Risk Analysts through developing individual and team skills and providing timely constructive feedback

Drafting and updating procedures and desktop guidance related to the client onboarding process

Leading key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities

Partnering with business partners involved in the account opening process; and

Partnering with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis

Qualification

BSA/AML RegulationsSource of Wealth AnalysisKnow Your CustomerCustomer Identification ProgramAML CertificationMS OfficeInterpersonal SkillsLeadership Qualities

Required

Have 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 a bachelor's degree in business, Finance, or other related field

Experience focused on examining potential clients' source of wealth during the client onboarding process

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

Working knowledge of MS Office

Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity

Ability to take initiative, analyze, summarize, and communicate effectively

Ability to investigate, identify issues, impacts and trends to propose comprehensive solutions

Ability to multitask effectively and action matters promptly

Ability to work independently and in a team environment

Ability to handle highly confidential information with appropriate discretion

Ability to work in a high volume, fast paced environment