Financial Crime Risk and Client Onboarding - London, United Kingdom - Morgan Stanley

Morgan Stanley

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Financial Crime Risk and Client Onboarding

Associate

Job Number:
3248711

POSTING DATE:
Mar 19, 2024

PRIMARY LOCATION:
Europe, Middle East, Africa-United Kingdom-United Kingdom-London

JOB:
Investment Banking/Sales/Trading/Research

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

DESCRIPTION

Financial Crime Risk and Client Onboarding
Associate

London

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management 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.

We 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 and Client Onboarding ("FCR") Team is embedded within the Firm's business line.

It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types.

The FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

What will you be doing?
Executing the endtoend 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
Reviewing 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
Reviewing riskrelevant 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
Assisting in preparing periodic reporting for senior stakeholders
Assisting on other special projects, as needed

What we're looking for:

Relevant training 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 that will help you in the role:

Sufficient knowledge of AML regulatory requirements and expectations (Domestic
US and International
non-US)
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
Associate

s 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:
Associate

s working on international files: Strong foreign language/translation skills in: Spanish, Portuguese, French, Mandarin, Cantonese, Arabic, Russian, Hindi, Urdu, Punjabi, Italian, or African languages

Where will you be working?
20 Bank Street, E14 4AD
This role will require office presence for 5 days per week.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Internal Applicants:

Equal opportunities statement:
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 background