Associate - Enhanced Due Diligence (Operations) - Mumbai, India - Morgan Stanley

Morgan Stanley

Verified Company

Mumbai, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

Associate - Enhanced Due Diligence (Operations)

Job Number:
3241826

POSTING DATE:
Sep 20, 2023

PRIMARY LOCATION:
Non-Japan Asia-India-Maharashtra-Mumbai (MSA)

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Other

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Associate

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:

The CDD Operations Team is embedded within the Firm's Wealth Management Operations Group.

It is responsible for identifying, collecting, and ensuring all documentation and information associated with higher risk client types has been received in good order.

The CDD Operations Team is considered the first line of defense and supports the onboarding, client due diligence, and negative news processes for Morgan Stanley clients.

Responsibilities:

The CDD Operations Associate is a part of Wealth Management Operations and is responsible for overseeing processes related to the Client Due Diligence program.

The Associate will support the execution of the Firm's CDD protocols for both new and existing customers. This includes managing programs and processes to support the examination of potential AML risk exposure for the Firm.

The CDD Operations Team Associate will:

Strong knowledge of control frameworks and the ability to design and evaluate effectiveness of controls embedded within business processes.
Provide operational services in support of the growth of the WM and US Banks businesses.
Partner with the Business Units, including Private Bankers, Lending Advisors, and Branch Risk Officers, to ensure appropriate client onboarding due diligence processes are enacted while providing a positive client experience.
Ensure the appropriate collection of required information and or documentation for new and existing clients to effectively support the firm's KYC program.
Examining the source of wealth of certain new and existing Morgan Stanley clients.
Review documents and information to perform client due diligence reviews on higher risk customers.
Exhibit an ability to balance multiple, changing priorities in a dynamic and fastmoving working environment.
Partner with the US Banks, E*TRADE and WM Business Units to ensure appropriate adherence to client due diligence processes while providing a positive client experience.
Demonstrate the ability complete incoming CDD case assignments while meeting deadlines.
Drafting and updating procedures and desktop guidance related to the client onboarding processes

QUALIFICATIONS

QUALIFICATIONS

Required Experience:

Have years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator (e.g., FINRA, Securities and Exchange Commission, Office of the Comptroller of the Currency, Federal Reserve Bank, etc.)
Have an undergraduate degree in Business, Finance, or 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.
Experience focused on examining potential clients' source of wealth during the client onboarding process.
Ability to:

- take initiative, analyze, summarize, and communicate effectively
- investigate, identify issues, impacts and trends to propose comprehensive solutions
- multitask effectively and action matters promptly
- work independently and in a team environment and take initiative
- handle highly confidential information with appropriate discretion.
- work in a high volume, fast paced environment; and
- work in a matrixed organization; leveraging resources across the organization to complete deliverables.

Additional Skills Desired:
Experience with data and trend analysis related to the management of an AML program.
Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is an advantage.
Legal background / experience an advantage.
Native or professional fluency in Spanish, Portuguese, Russian or Chinese is an advantage.
Strong verbal and written communication skills.
Good time management and attention to detail are critical to this position.
Good analytical, research, organizational, and project management skills.
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