Position Overview
The Financial Crimes Risk (“FCR”) Team sits within the Firm’s business line and is responsible for identifying, assessing, and escalating potential money‐laundering and reputational risk issues associated with high‑risk client types. The FCR Team is the first line of defence and supports the onboarding and enhanced due diligence processes for Morgan Stanley. The role requires in‑office attendance four days per week.
Primary Responsibilities
- Assess the financial crime risk associated with potential and existing high‑risk clients via the Enhanced Due Diligence (“EDD”) process.
- Confirm EDD aligns with the Firm’s policies and procedures and is completed accurately and with quality.
- Work with FCR EDD production non‑officers to address and remediate Quality Control (“QC”) findings.
- Validate that FCR and/or Global Financial Crimes (“GFC”) Leadership findings/comments have been remediated by FCR EDD production non‑officers.
- Maintain accurate reporting and workflow tracking of EDD cases through the QC lifecycle.
- Escalate themes identified during QC testing to FCR Leadership for awareness.
- Provide supervisory support and training to FCR EDD production non‑officers through developing individual and team skills and providing timely, constructive feedback.
- Challenge existing systems and processes, looking for enhancements and efficiencies where possible.
- Support QC management as needed during regulatory examinations and internal audits.
- Assist on other special projects, as needed.
Qualifications
Experience Required:
- Relevant training experience in BSA/AML and OFAC requirements in a financial or banking industry.
- Undergraduate degree in a related field or an equivalent combination of training and experience.
Skills Required
- Strong knowledge of AML regulatory requirements and expectations (Domestic – UK and International – non‑UK).
- Strong research and analytical skills with a particular focus on attention to detail.
- Strong analytical skills to identify and assess relevant AML risks including all screening results.
- Strong writing skills to articulate a customer’s EDD profile and analysis of AML risks imposed.
- Strong interpersonal skills and ability to work effectively with colleagues across different divisions including Operations, GFC, and relevant Business Units.
- Strong ability to handle a fast‑paced environment and work to tight deadlines; ability to reprioritise work in response to changes in business needs.
- Strong knowledge of business, products, operations, systems and organisation within the Institutional Securities Group (“ISG”).
- Basic knowledge of Microsoft Office tools (Word, PowerPoint, Excel).
- Ability to handle highly confidential information with appropriate discretion.
- 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 the first 15 months of employment.
Ability To
- Take initiative, analyse, summarise, communicate effectively, and escalated 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 organisation; leveraging resources across the organisation to complete deliverables.
- Embrace new technologies, such as AI, to make existing processes more efficient.
Additional Skills Desired
- Strong foreign language/translation skills in: Spanish, Portuguese, French, Mandarin, Cantonese, Arabic, Russian, Hindi, Urdu, Punjabi, Italian, or African languages.
Certified Persons Regulatory Requirements
If this role is deemed a Certified role, the holder may need to maintain mandatory regulatory qualifications or meet internal company benchmarks.
Flexible Work
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.
Equal Employment Opportunity
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect a strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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