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.

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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

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