Operations Associate - Enhanced Due Diligence

We’re seeking someone to join our team as an Associate in the Client Onboarding Due Diligence Team within the Firm’s Wealth Management Operations Group to support the execution of the Firm’s Enhanced Due Diligence protocols for new and existing high-risk clients.

In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships. This is an Associate level position level position within the Client Service & Relationship Management, which is responsible for managing internal and external client relationships. We do this by engaging in client service activities, optimizing the client experience, and managing vendor/external business partner relationships.

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.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What You’ll Do In The Role

• Execute processes/functions and/or support process management and project efforts, leveraging knowledge of the systems, markets and instruments that influence the team.
• Recognize risk in day-to-day processes to draw out the key issues and contribute to process improvements.
• Build relationships within team and partner with the Business Units, including Private Bankers, Lending Advisors and Branch Risk Officers, to ensure appropriate client onboarding processes and required due diligence is completed.
• Participate in projects and initiatives, aiding in solution formulation with a focus on timely execution.
• Partner with US Banks, E*Trade and Wealth Management Business Units to ensure appropriate adherence to EDD processes while providing a positive client experience.
• Ensure the appropriate collection of required information and/or documentation for new and existing clients to effectively support the firm’s Know Your Customer (KYC) program.
• Demonstrate a strong understanding of the compliance and regulatory frameworks that apply to financial institutions.
  
  

What You’ll Bring To The Role

• Ability to establish clear goals and priorities, and address non-standard issues within area of expertise with minimal guidance and supervision.
• Subject matter expertise in business area supported, client requirements, and ability to ensure control is not compromised to comply with client requests
• Culture carrier across Operations, embracing the Firm's core values.
• Strong knowledge of KYC, Customer Identification Program (CIP), and EDD requirements.
• Have 3-5 years of relevant experience with BSA/AML Regulations within the financial services industry, or at a financial services regulator.
• Strong interpersonal skills and ability to communicate effectively both verbally and in writing.
• At least 2 years’ relevant experience would generally be expected to find the skills required for this role.
  
  

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

For MD Candidates: Salary range for the position: $50,000-$80,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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).