Morgan Stanley

Director - Negative News Screening (Wealth Management)

Posted On

Dec. 12, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Jan. 29, 2025

Job Description

Company Profile:
Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

At Morgan Stanley India, we support the Firm's global businesses, with critical presence across Institutional Securities, Wealth Management and Investment management, as well as in the Firm's infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there's ample opportunity to move across the businesses.

Division Profile:
The Anti-Money Laundering Risk (AML Risk) team is embedded within the Firm's business lines. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risks associated with higher risk client types. The AML Risk team is considered to be in the First Line of defense and supports the onboarding, client due diligence, enhanced due diligence and negative news processes.

Position Summary:
The AML Risk Director - NNS will be responsible for executing risk-relevant activities related to AML. The AML Risk Director - NNS will identify and assess potential Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firm's NNS protocols for both new and existing customers. The Director will have responsibility for the identification and, as appropriate, escalation of negative news events or risks.

Key Responsibilities:
Key responsibilities will include but will not be limited to the following:
> Supervise a team of NNS professionals whose primary responsibilities include the following:
o Reviewing new and existing alerts on Morgan Stanley clients and related parties for potential matches to adverse media
o Performing research to confirm whether the alert is a positive match or false positive to the client, or whether the alert is deemed to be not risk-relevant, and document findings
> Escalate any possible true hits to the relevant onshore team
> Review the quality of work delivered by the team.
> Lead the team meetings.
> Having regular catch-ups with regional stakeholders.
> Drive a culture of efficiencies / productivity

Experience:
> 6-9 years of Corporate Intelligence, due diligence; experience in the financial services industry
> Bachelor's degree from an accredited college / university
> Experience managing a team of AML professionals
> Strong oral and written communication skills
> Excellent interpersonal skills and ability to work effectively with colleagues across regions and Business Units
> Ability to research and resolve issues independently while working across teams to acquire information

Required Skills:
> 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
> Strong work ethic with an ability to work both independently and with team members, under tight deadlines
> Ability to work in a high volume, fast paced environment
> 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
> Working knowledge of MS Office suite

EOE M/F/D/V Committed to Diversity

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.

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