HYBRID: Global Financial Crimes: Wealth Management/Bank Enhanced Due Diligence (EDD) Professional

HYBRID: Global Financial Crimes: Wealth Management/Bank Enhanced Due Diligence (EDD) Professional

Job Number:

3235286

POSTING DATE: Apr 18, 2023 PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-Glasgow EDUCATION LEVEL: Bachelor's Degree JOB: Other EMPLOYMENT TYPE: Full Time JOB LEVEL: Senior Manager

DESCRIPTION

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 ethic. 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.
Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Tax Evasion, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.
Background on the Team
The Wealth Management (WM) and Bank GFC Enhanced Due Diligence (EDD) team focuses on the onboarding and enhanced due diligence associated with new clients and accounts of Morgan Stanley's Wealth Management and Bank businesses.
Reporting Lines
This role reports ultimately to the Head of Wealth Management and Bank GFC Advisory. The role does not have direct reports.
Primary Responsibilities
The WM and Bank GFC EDD Professional will:

Review enhanced due diligence for both new and existing higher risk clients including analyzing corporate structures and other documentation as necessary
Analyze and escalate negative news as necessary
Determine and provide guidance on the appropriate client risk ranking
Review of client accounts for potential matches to designated sanctions targets and prohibited persons lists
Engage various third-party and internal databases to assist with due diligence searches as needed
Develop an understanding of anti-money laundering regulations, policies, and procedures
Provides guidance on policy and procedures to various stakeholders
Conduct trainings to various stakeholders
Participate in team meetings lead by the Head of WM and Bank GFC Advisory or designee Role will require in office attendance 3 days/week. #LI-RF1 #LI-Hybrid

QUALIFICATIONS

Skills required (essential)
Candidates must have:
4 year college degree with strong academic credentials
Strong analytical skills
Excellent written and verbal communications skills, attention to detail and strong time management skills
Ability to interact in a mature and professional manner with a variety of individuals
General knowledge of investing and markets and the ability to research or must evidence the ability to learn and adapt quickly
Excellent judgment, initiative and adherence to deadlines
Ability to interact with branch office and business unit personnel and be willing to receive and apply feedback on work product from supervisor(s)
Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license — or certification within first 15 months of employment
Skills desired
Fluent in Spanish or Portuguese
Highly responsive team player who can think independently
Ability to maintain a positive and professional attitude in a fast-paced environment #LI-RF1 #LI-Hybrid