Financial Crime Risk Onboarding Vice President

Financial Crime Risk Client Onboarding

Vice President

London / Frankfurt

3261010

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.

Department Profile

The Financial Crimes Risk and Client Onboarding ("FCR") 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 FCRCO Team is considered the first line of defense and supports the onboarding and enhanced due diligence processes for Morgan Stanley.

Primary Responsibilities

Review Enhanced Due Diligence ("EDD") files and EDD Forms specifically to assess AML risks

Understand and assess overall client risk and provide approval based on client risk and respective risk mitigants
• Serve as a point of contact for questions, issues and escalations related to the review of certain clients AML risk factors
• Act as a key escalation point and for KYC / Onboarding and broader financial crimes risk relevant escalations relative to the Firm's EU facing Institutional Securities Group ("ISG") Business.
• Provide financial crimes advisory support to first and second line of defense colleagues (including with respect to new client onboarding projects and refresh initiatives). .
• Coordinate with Client Onboarding and Regulatory Services ("CORS"), Global Financial Crimes ("GFC"), or other Firm Groups, as necessary
• Represent the ISG FCRCO Team in relevant governance forums
• Provide supervisory support and training for EDD Associates through developing individual and team skills and providing timely, constructive feedback
• Challenge existing systems and processes, looking for enhancements and efficiencies where possible
• Support work on other special projects, as needed

Qualifications

Experience Required:
• Experience in a financial crimes/anti-money laundering group (or similar) at a financial institution
• Bachelor's degree or equivalent

Skills Required:

• Strong analytical skills to identify and assess relevant AML risks including all screening results
• Strong Understanding of the EU Regulatory landscape as it relates to Morgan Stanley ISG Business
• Strong understanding of local AML/Financial Crimes rules and regulations and how to apply these in the context of a Global ISG Business
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing
• Intermediate to Advanced knowledge of Microsoft Office tools (Word, PowerPoint, Excel, and Access)
• Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
• Strong knowledge of business, products, operations, systems and organization

• VPs/AVPs assisting with complex cases: 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

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
• Handle highly confidential information with appropriate discretion
• Work in a matrixed organization, leveraging resources across the organization to complete deliverables
• Work in a high volume, fast paced environment

Additional Skills Desired:

• VPs/AVPs working on international files: Strong foreign language/translation skills in: Spanish, Portuguese, French, Mandarin, Cantonese, Arabic, Russian, Hindi, Urdu, Punjabi, Italian, or African languages