AVP: Enhanced Due Diligence

Description:DESCRIPTION Morgan Stanley (“MS”) is a global financial services firm that conducts its business through three principal business segments—Institutional Securities, Wealth Management (WM), and Asset Management. 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 doing the right thing, putting clients first, leading with exceptional ideas and a commitment to diversity and inclusion. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, achieve, and grow. Responsibilities: The Financial Crimes Risk AVP will be responsible for overseeing due diligence and risk-relevant activities related to AML. The AVP will assess Bank Secrecy Act (BSA), anti-money laundering, and reputational risk matters identified through the execution of the Firm’s protocols for both new and existing customers. This primarily includes reviewing, assessing and, where necessary, escalating certain clients’ source of wealth to examine potential ML risk exposure for the Firm. Source of wealth encompasses the business, employment, or other activities that have contributed to the total worth of an individual or entity. In addition, the AVP will have ultimate responsibility for escalating risk issues related to these processes with a particular focus on reviewing certain new and existing clients’ source of wealth. The AVP will: Manage the end-to-end workflow of a program focused on assessing the source of wealth of new and existing clients to effectively mitigate potential ML risk exposure, including but not limited to: -Actively managing and leading processes supporting the Firm’s customer due diligence (CDD) and enhanced due diligence (EDD) program with a specific focus on source of wealth analysis and corroboration; -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 WM and U.S. Banks Financial Crimes Risk Analysts through developing individual and team skills and providing timely constructive feedback -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; and -Partnering with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis.Skills:Kyc, Onboarding, Client Renewals, CIP, CDD, banking, wealth management, asset managementTop Skills Details:KycAdditional Skills & Qualifications:-Wealth/Asset Management experience preferred -CAMS or equivalent AML certification/license is a plusExperience Level:Intermediate LevelAbout Aston Carter: Please Note: Scammers are posing as Aston Carter. We'll never contact you via Gmail, Telegram, or WhatsApp and we'll never solicit money from you.At Aston Carter, we’re dedicated to expanding career opportunities for the skilled professionals who power our business. Our success is driven by the talented, motivated people who join our team across a range of positions – from recruiting, sales and delivery to corporate roles. As part of our team, employees have the opportunity for long-term career success, where hard work is rewarded and the potential for growth is limitless.Established in 1997, Aston Carter is a leading staffing and consulting firm, providing high-caliber talent and premium services to more than 7,000 companies across North America. Spanning four continents and more than 200 offices, we extend our clients’ capabilities by seeking solvers and delivering solutions to address today’s workforce challenges. For organizations looking for innovative solutions shaped by critical-thinking professionals, visit AstonCarter.com. Aston Carter is a company within Allegis Group, a global leader in talent solutions.The company is an equal opportunity employer and will consider all applications without regards to race, sex, age, color, religion, national origin, veteran status, disability, sexual orientation, gender identity, genetic information or any characteristic protected by law.If you would like to request a reasonable accommodation, such as the modification or adjustment of the job application process or interviewing process due to a disability, please call 888-237-6835 or email astoncarteraccommodation@astoncarter.com (%20astoncarteraccommodation@astoncarter.com) for other accommodation options. However, if you have questions about this position, please contact the Recruiter located at the bottom of the job posting. The Recruiter is the sole point of contact for questions about this position.