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AVP, Anti-Money Laundering (AML) Risk Negative News Screening (NNS) Alert Review

Morgan Stanley Purchase, United States
Posted 18 days ago Permanent between $85,000 and $135,000 per year
Morgan Stanley (MS") is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management, and Asset Management. Morgan Stanley's network includes approximately 15,000 Financial Advisors with total client assets of over $1.5 trillion. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement and trust services.

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.

Department Profile:

The First Line Anti-Money Laundering (AML) AML Risk Office is embedded within the Firm's business line. It is responsible for assessing the AML and reputational risk associated with higher risk client types. The AML Risk Office is considered to be in the First Line of defense and supports the onboarding and client due diligence for Morgan Stanley.

Responsibilities:

The AML Risk Assistant Vice President (AVP) will be responsible for overseeing risk-relevant activities related to AML. The AML Risk AVP will assess Bank Secrecy Act (BSA)/AML and reputational risk matters identified through the execution of the Firm's Enhanced Due Diligence (EDD) protocols for both new and existing customers. In addition, the AML Risk AVP will have ultimate responsibility for the escalation of issues or risks related to these processes.

The First Line AML Risk Assistant Vice President will:
• Lead key projects and initiatives related to assessing and mitigating the Firm's exposure to AML and reputational risk-relevant activities
• Assist in overall management of risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes, including Periodic Review to ensure continued knowledge of the existing client base and any material changes to client information
• Actively identify, measure, control and remediate AML and Operational Risk issues with partners in Global Financial Crimes, Compliance and the Business Unit
• Manage implementation of internal policies, provide periodic AML reporting to senior stakeholders, and make recommendations to improve procedures governing AML-related activities
• Partner with the Business Unit to ensure appropriate adherence to client due diligence processes while providing a positive client experience
• Partner with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis
• Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continue to comply with industry regulations and expectations
• Provide general supervisory support for First Line Analysts and serve as their point of contact for questions and issues

#LI-AJ1

Required Experience:
• Have 5-7 years of relevant experience with Bank Secrecy Act (BSA)/AML Regulations within the financial services industry, or at a financial services regulator (e.g., Office of the Comptroller of the Currency, Federal Reserve Bank, Securities and Exchange Commission, etc.)
• Have an Associate or Undergraduate degree in Business, Finance, or other related field
• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
• Strong knowledge of Know Your Customer and Customer Identification Program requirements
• Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing
• Ability to work both independently and with team members, under tight deadlines
• Ability to work in a matrixed organization, leveraging resources across the organization to complete deliverables
• Ability to handle highly confidential information professionally and with appropriate discretion
• Be capable of assessing and developing individual and team skills and providing timely constructive feedback

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Expected base pay rates for the role will be between $85,000 and $135,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Job ID  3249015
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