FCR Associate – Enhanced Due Diligence Quality Control

FCR Associate – Enhanced Due Diligence Quality Control Company Profile

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.

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 ethics. Morgan Stanley 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.

The Financial Crimes Risk (“FCR”) Team sits 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 FCR Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

• Assess the Financial Crime risk associated with potential and existing high-risk clients of the Firm via the Enhanced Due Diligence (“EDD”) process.
• Confirm the EDD performed aligns with the Firm's policies and procedures and is completed accurately and with quality.
• Work with the 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 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.

The role will require in-office attendance 4 days per week.

• 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.

• Strong knowledge of AML regulatory requirements and expectations (Domestic – UK and International - non-UK).
• Strong research and analytical skills with 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 customer’s EDD profile and analysis of AML risks imposed.
• Strong interpersonal skills and ability to work effectively with colleagues across different divisions including but not limited to Operations, GFC, and relevant Business Units.
• Strong ability to effectively handle a fast-paced environment and work to tight deadlines; be able to re-prioritise work in response to changes in business needs.
• Strong knowledge of business, products, operations, systems and organization 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 first 15 months of employment.

• Take initiative, analyze, summarize, communicate effectively, and elevate 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…