HYBRID: Global Financial Crimes: Wealth Management/Bank Enhanced Due Diligence (EDD) Professional Glasgow, Scotland
Job description
Job Number:
3227606
DESCRIPTION
Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight, and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Tax Evasion, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.
Background on the Team
The Wealth Management (WM) and Bank GFC Enhanced Due Diligence (EDD) team focuses on the onboarding and enhanced due diligence associated with new clients and accounts of Morgan Stanley's Wealth Management and Bank businesses.
Reporting Lines
This role reports ultimately to the Head of Wealth Management and Bank GFC Advisory. The role does not have direct reports.
Primary Responsibilities
The WM and Bank GFC EDD Professional will:
- Review enhanced due diligence for both new and existing higher risk clients including analysing corporate structures and other documentation as necessary
- Analyse and escalate negative news as necessary
- Determine and provide guidance on the appropriate client risk ranking
- Review of client accounts for potential matches to designated sanctions targets and prohibited persons lists
- Engage various third-party and internal databases to assist with due diligence searches as needed
- Develop an understanding of anti-money laundering regulations, policies, and procedures
- Provides guidance on policy and procedures to various stakeholders
- Conduct trainings to various stakeholders
- Participate in team meetings lead by the Head of WM and Bank GFC Advisory or designee
Role will require in office attendance 3 days/week.
QUALIFICATIONS
Candidates must have:
- 4 year college degree with strong academic credentials
- Strong analytical skills
- Excellent written and verbal communications skills, attention to detail and strong time management skills
- Ability to interact in a mature and professional manner with a variety of individuals
- General knowledge of investing and markets and the ability to research or must evidence the ability to learn and adapt quickly
- Excellent judgment, initiative and adherence to deadlines
- Ability to interact with branch office and business unit personnel and be willing to receive and apply feedback on work product from supervisor(s)
- Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license — or certification within first 15 months of employment
Skills desired
- Fluent in Spanish or Portuguese
- Highly responsive team player who can think independently
- Ability to maintain a positive and professional attitude in a fast-paced environment
