Financial Crime Risk – Enhanced Due Diligence Associate

Department Profile

The WM and U.S. Banks Financial Crimes Risk 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 team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley.

The Financial Crimes Risk Associate will be responsible for executing risk‑relevant activities related to AML, assessing Bank Secrecy Act (BSA) and money laundering matters identified through the Firm’s EDD protocols, and having ultimate responsibility for the escalation of issues or risks related to these processes. Additionally, this role is expected to periodically support ad‑hoc projects and initiatives, including remediation lookbacks and root‑cause analysis and solutions implementation.

• Review documents and information to perform enhanced due diligence reviews on higher risk customers
• Act as the primary contact for the Financial Advisor team and perform ongoing outreach and engagement
• Develop broad knowledge of the EDD review operations end‑to‑end cycle and provide subject matter guidance to project teams
• Ensure timely feedback loop on identified gaps or issues to stakeholders involved in EDD review
• Actively identify, measure, control and remediate AML and reputational risk issues with partners in Global Financial Crimes, Compliance, and the Business Units
• Perform processes in accordance with internal policies, develop and monitor periodic AML reporting to senior stakeholders, and make recommendations to improve procedures governing AML‑related activities
• Active pipeline management and engagement with Financial Advisors, Complex Management and Risk Officers to manage client relationships
• Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continues to comply with regulatory requirements and expectations

• Have 3-5 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.)
• Have a Bachelors degree in Business, Finance, or other related field
• 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 handle highly confidential information professionally and with appropriate discretion

• Working knowledge of MS Office
• Certified as an Anti‑Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus

Expected base pay rates for the role will be between $90K-$1250 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long‑term incentive packages, and other Morgan Stanley sponsored benefit programs.

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).