Skip to content
Assistant Vice President: Anti-money Laundering Risk Enhanced Due Diligence
| Company | Morgan Stanley |
|---|
| Location | Houston, TX, USA |
|---|
| Salary | $85000 – $125000 |
|---|
| Type | Full-Time |
|---|
| Degrees | Bachelor’s |
|---|
| Experience Level | Senior |
|---|
Requirements
- Have 5+ 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 a bachelor’s degree in business, Finance, or other related field
- Experience focused on examining potential clients’ source of wealth during the client onboarding process
- 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
- Working knowledge of MS Office
- Strong leadership qualities with the ability to manage teams and evidence a strong work ethic as well as a high degree of integrity
Responsibilities
- Overseeing due diligence and risk-relevant activities related to AML
- Assessing Bank Secrecy Act (BSA), anti-money laundering, and reputational risk matters
- Managing the end-to-end workflow of a program focused on assessing the source of wealth of new and existing clients
- Actively managing and leading processes supporting the Firm’s customer due diligence (CDD) and enhanced due diligence (EDD) program
- Managing data and trend analysis related to the source of wealth review process and providing reporting to relevant stakeholders
- Examining the source of wealth of certain new and existing Morgan Stanley clients
- Serving as a point of contact for questions, issues and escalations related to the review of certain clients’ source of wealth
- Reviewing and responding to monthly quality control findings related to the source of wealth review process
- Providing supervisory support and training for AML Risk Analysts
- Drafting and updating procedures and desktop guidance related to the client onboarding process
- Leading key projects and initiatives related to assessing and mitigating the Firm’s exposure to money laundering and reputational risk-relevant activities
- Partnering with business partners involved in the account opening process
- Partnering with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis
Preferred Qualifications
- Expertise in examining potential clients’ source of wealth during the client onboarding process
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
