- 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
- 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.);
- Experience focused on examining potential clients' source of wealth during the client onboarding process;
- Have an Associates or Bachelors in Business, Finance, or other related field;
- 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
- take initiative, analyze, summarize, and communicate effectively;
- investigate, identify issues, impacts and trends to propose comprehensive solutions;
- multitask effectively and action matters promptly;
- work independently and in a team environment;
- handle highly confidential information with appropriate discretion;
- work in a high volume, fast paced environment; and
- work in a matrixed organization; leveraging resources across the organization to complete deliverables
- Expertise in examining potential clients' source of wealth during the client onboarding process; and/or
- Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus
-
Morgan Stanley Houston, TX, United StatesMorgan 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 client ...
-
Fraud Manager
6 days ago
AMOCO Federal Credit Union Texas City, United StatesThe Fraud Manager assists AMOCO in achieving its mission of "serving the financial needs of our members" by developing, implementing, and managing an effective fraud prevention strategy and program to detect, prevent, and deter fraud or the threat thereof to safeguard the financi ...
-
Commercial Loan Officer
6 days ago
Matador Lending Houston, United StatesThe **Commercial Loan Officer **is responsible for developing and managing the commercial loan portfolio. As part of a team, this lending position will be responsible for sourcing new relationships and growing the loan and deposit portfolio of the Business Services Department. · ...
-
Bsa Quality Assurance Analyst I
1 day ago
Woodforest National Bank The Woodlands, United States**BSA Quality Assurance Analyst I**-**063560** · **Description** · Take the next step toward your new career today · Become a part of the diverse and inclusive team within our nationally recognized award-winning Bank that is one of the strongest in the nation. Woodforest National ...
-
Bsa Quality Assurance Specialist I
6 days ago
Woodforest National Bank The Woodlands, United States**BSA Quality Assurance Specialist I**-**063523** · **Description** · Take the next step toward your new career today · Become a part of the diverse and inclusive team within our nationally recognized award-winning Bank that is one of the strongest in the nation. Woodforest Natio ...
-
Bilingual CHIEF AML OFFICER
6 days ago
Banorte Securities Houston, United StatesPOSITION SUMMARY · Provides hands-on risk assessments, monitoring capability, and be able to manage and supervise AML personnel. Securities markets compliance based on strong experience, confidence and pro-active focus is what is sought for the Compliance culture of the organizat ...
-
Portfolio Manager
6 days ago
THIRD COAST BANK Humble, United StatesPosition Summary: · Responsible for managing larger and more complex middle market and corporate credits. Ensures the portfolio achieves soundness, profitability, and growth objectives. Provides credit and sales support to Corporate Banking. · Skills and Experience: · - 10+ years ...
-
Manager Risk
6 days ago
Bank of Hawaii Houston, United StatesJob Description: · Under the direction of the Manager, leads and/or supports the business unit by managing, executing and maturing risk and control assessment methodologies and workflows, new product and services risk reviews, overall operational risk governance and operational r ...
-
Personal Financial Officer
5 days ago
Community Resource Credit Union Humble, United States**Role: Personal Financial Officer** · Offers and delivers an exceptional level of member service and actively sells the Credit Union's products and services to ensure predetermined organizational and individual goals are met. Works as a team member in completing department goals ...
-
KYC Analyst
3 days ago
Mercuria Houston, United StatesMercuria Energy America is looking for a KYC Analyst to primarily assist in documentation reviews for new customer accounts, to evaluate high-risk accounts, and analyse new customer processes and policies. The KYC Analyst will also be involved in anti-money laundering (AML) proce ...
-
Credit Counselor I-
5 days ago
Community Resource Credit Union Baytown, United StatesDepartment: Credit Resolution-(Bilingual in Spanish) · Grade: 7 · Classification: Non-Exempt · **Role**: · Preserves the credit union's assets by controlling delinquent loan and share accounts, collecting delinquent loan and share payments and/or recovering collateral. Adheres to ...
-
Virtual Member Services Representative
1 day ago
Community Resource Credit Union Baytown, United States**Role**: · **Essential Functions & Responsibilities**: · E 40% Answers & return phone calls and responds to members in an appropriate time frame as outlined by the Virtual Branch Management Team. · E 25% Assesses internal and external members needs regarding financial transactio ...
-
Virtual Member Services Representative
5 days ago
Community Resource Credit Union Baytown, United StatesDepartment: Virtual Branch · Grade: 6 · Classification: Non-Exempt · **Role**: · **Essential Functions & Responsibilities**: · 40% Answers & return phone calls and responds to members in an appropriate time frame as outlined by the AVP of Virtual Sales & Service or Virtual Servic ...
-
Executive Administrative Assistant
5 days ago
Community Resource Credit Union Baytown, United StatesDepartment: Administration · Reports To: Executive Team · **Role**: · The Executive Assistant provides high-level clerical and administrative support to company executives by conducting research, preparing statistical reports, handling information requests and performing clerical ...
-
Teller Manager- New Caney
5 days ago
Community Resource Credit Union New Caney, United States**Role: Teller Manager** · To supervise Teller staff inclusive of MSR's and Lead Tellers. Assists members with their financial transactions, involving paying and receiving cash and other negotiable instruments. Actively sells credit union products and services to ensure predeterm ...
-
KYC Analyst
6 days ago
Mercuria Houston, United StatesMercuria Energy America is looking for a KYC Analyst to primarily assist in documentation reviews for new customer accounts, to evaluate high-risk accounts, and analyse new customer processes and policies. The KYC Analyst will also be involved in anti-money laundering (AML) proce ...
-
BSA/AML Analyst
6 days ago
Babich & Associates Houston, United StatesAs a Bank Secrecy Act (BSA) Analyst, you will play a critical role in ensuring compliance with regulatory requirements and mitigating financial risks. You will play a vital role in executing and overseeing the Bank Secrecy Act Program and supporting initiatives within the bank, g ...
-
BSA/AML Analyst
6 days ago
Babich & Associates Houston, United StatesAs a Bank Secrecy Act (BSA) Analyst, you will play a critical role in ensuring compliance with regulatory requirements and mitigating financial risks. You will play a vital role in executing and overseeing the Bank Secrecy Act Program and supporting initiatives within the bank, g ...
-
BSA/AML Analyst
1 week ago
Babich & Associates Houston, United StatesAs a Bank Secrecy Act (BSA) Analyst, you will play a critical role in ensuring compliance with regulatory requirements and mitigating financial risks. You will play a vital role in executing and overseeing the Bank Secrecy Act Program and supporting initiatives within the bank, g ...
-
Conselium Executive Search Houston, United StatesCompliance Auditor, Offshore Drilling, Greater Houston, TX · Compliance Auditor · Offshore Drilling · Greater Houston, TX – Hybrid with Relocation Assistance Available · We are representing a large international offshore drilling company in their search for a Compliance Auditor ...
Assistant Vice President: Anti-money Laundering Risk - Houston, TX, United States - Morgan Stanley
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 ManagementMorgan 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
The WM and U.S
Banks Financial Crimes Risk Assistant Vice President (AVP) is part of Wealth Management and the Morgan Stanley Private Bank, National Association and the Morgan Stanley Bank, NA (collectively, the U.S
Banks") on the WM and U.S
Banks Financial Crimes Risk Team
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
Department Profile:
The WM and U.S
Banks Financial Crimes Risk Team is embedded within the Firm's business line
It is responsible for identifying, assessing, and escalating potential money laundering and reputational risk issues associated with higher risk client types
The WM and U.S
Banks Financial Crimes Risk Team is considered the first line of defense and supports the onboarding, enhanced due diligence, and negative news processes for Morgan Stanley
Responsibilities:
The WM and U.S
Banks 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 WM and U.S
Banks Financial Crimes Risk 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 WM and U.S
Banks Financial Crimes Risk Team 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:
Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools
We want to be the first choice for prospective employees
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet)
