Control Testing, Associate, Risk Regulatory & Resilience

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 ethics.?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

The Quality Control (QC) Testing Team sits within the Client Onboarding & Reference Data Services (CORDS) department of the Firmwide Operations division. It is responsible for performing quality control reviews of customer records to ensure adherence with the Firm's Know Your Customer (KYC) requirements. The QC Testing Team is considered the first line of defense and supports the customer onboarding and periodic review processes for Morgan Stanley.

Primary Responsibilities

Perform quality control testing of KYC files to ensure compliance with firm and regulatory requirements.

Review client data and documentation, including client due diligence (CDD) and enhanced due diligence (EDD) information, for completeness and accuracy.

Validate information in customer databases using available due diligence tools.

Identify and escalate issues including potential quality control, process, or policy issues.

Work with stakeholders and management to discuss and implement remedial actions.

Partner with the KYC production team to collect required data and documentation.

Stay current with regulatory requirements around client KYC suitability and documentation.

Assist on other special projects, as needed.

Perform Rectification testing of resolved observations.

Experience Required:

Minimum 3-5 years of relevant experience in an AML/KYC role

Bachelors degree in finance, economics, or related field, or an equivalent combination of training and experience

Skills Required:

Strong knowledge of BSA/AML regulatory requirements and expectations

Outstanding attention to detail

Strong research and analytical skills

Strong investigation and due diligence skills

Strong verbal and written communication skills

General understanding of business, products, operations, systems and organization

Proficient in Microsoft Office tools (Word, PowerPoint, and Excel)

Proficient in the English language

Ability to:

Assess relevant AML risks, including the ability to interpret screening results

Multi-task, work under tight deadlines, and prioritize effectively

Partner with various internal groups and stakeholders

Work independently and in a team environment

Take initiative, analyze, summarize, communicate effectively, and escalate issues to senior leadership appropriately

Identify issues, impacts and trends

Identify remedial actions and propose comprehensive solutions

Handle highly confidential information with appropriate discretion

Work in a high volume, fast paced environment

Work in a matrixed organization, leveraging resources across the organization to complete deliverables

Additional Skills Desired:

Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license/experience

“Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.”