NA Payments Transactions Screening Associate

  • Competitive
  • Baltimore, MD, USA Baltimore MD US
  • Permanent, Full time
  • Morgan Stanley USA
  • 22 Mar 18 2018-03-22

NA Payments Transactions Screening Associate

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

Shared Service Banking operations (SSBO) provide utility processing services to Global Operations. By functionalizing processes across segments, SSBO realizes efficiencies through scale, location strategy and adoption of best practices. SSBO provides quality operational core processes at an optimal price point, with maximum benefit to MS business lines. Services currently provided by SSBO include Cash Management, OTC Derivative and Security Settlements, Position Services, Reconciliations, Tax, Client Reference Data; AML Client & Transaction sanction screening, Network Management and Vendor Management.

The Transaction Sanction Screening Team conducts screening for Anti Money Laundering (AML) regulatory requirements for incoming and outgoing payments for Operations globally.

The screening team is a global team with footprints in Mumbai & Baltimore.

Background on the Team

Acting as a line of defense, transactions screening ensures payments made & received to Morgan Stanley are not facilitating transactions with any OFAC sanctioned countries, entities, or individuals. The role & responsibilities of this professional will be to ensure efficient identification and monitoring of transactions in the Bank and ensure timely escalation & reporting of potential true hits to the Global Financial Crimes [GFC] team.

Primary Responsibilities

- Investigate and asses exceptions alerts for potential money laundering risks in the Bank
- Ensure effective identification and escalation of potential true hits
- Daily monitor of exceptions queue and ensure all payments are actioned before the currency cutoff
- Communicate with business units & GFC team for clearance of exceptions
- Ensure timely, efficient reporting of daily & MIS
- Identify, communicate and remediate process breakdowns and best practices
- Create and deliver reporting on process effectiveness to leadership team
- Establish working & effective relationships with global teams
- Ensuring documentation and standard operating procedures are up to date with all relevant approvals in place
- Maintain a current understanding of money laundering and terrorist financing issues, including policies and procedures
- Assist leadership team as needed


Skills required (essential)
- Bachelors degree from an accredited college / university
- Solid understanding of common money laundering schemes as well as the regulatory environment
- Strong interpersonal and verbal communication skills with the ability to apply sound reasoning when delivering services
- Possess strong analytical / reasoning skills
- Has the ability to effectively handle a fast paced environment and successfully meet established deadline requirements
- Be self-motivated and must have the ability to work independently
- Has the ability to use various PC, MS Office and internet applications and tools to support day to day processes
- Be able to handle highly confidential information professionally and with appropriate discretion
Skills desired
- Up to 4 years of corporate intelligence, due diligence, and/or operations experience in the financial or professional services industries preferred
- CAMS certified