AVP, Anti-Money Laundering (AML) Risk - EDD

Morgan Stanley   •  

Baltimore, MD

Industry: Finance & Insurance


Less than 5 years

Posted 25 days ago


The AML Risk AVP will be responsible for overseeing risk-relevant activities related to AML. The AML Risk AVP will assess Bank Secrecy Act (BSA)/AML and reputational risk matters identified through the execution of the Firm's Enhanced Due Diligence (EDD) protocols for both new and existing customers. In addition, the AML Risk AVP will have ultimate responsibility for the escalation of issues or risks related to these processes.

The First Line AML Risk AVP will:

• Assist in executing key projects and initiatives related to assessing and mitigating the Firm's exposure to AML and reputational risk-relevant activities

• Perform risk-relevant matters associated with prospective clients identified by the First Line Unit during Client Due Diligence (CDD) and Enhanced Due Diligence (EDD) processes, including Periodic Review to ensure continued knowledge of the existing client base and any material changes to client information

• Actively identify, measure, control and remediate AML and Operational Risk issues with partners in Global Financial Crimes, Compliance and the Business Unit

• Perform processes in accordance with internal policies, develop and monitor periodic AML reporting to senior stakeholders, and make recommendations to improve procedures governing AML-related activities

• Partner with the Business Unit to ensure appropriate adherence to client due diligence processes while providing a positive client experience

• Partner with the Second Line of Defense Compliance teams to monitor client relationships on an ongoing basis

• Collaborate with Global Financial Crimes to ensure the BSA/AML program operates effectively and continue to comply with industry regulations and expectations


Required Experience:

• Have 3-5 years of relevant experience with Bank Secrecy Act (BSA)/AML Regulations within the financial services industry, or at a financial services regulator (e.g., Office of the Comptroller of the Currency, Federal Reserve Bank, Securities and Exchange Commission, etc.)

• Have an undergraduate degree in Business, Finance, or other related field

• Certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license is a plus

• Strong knowledge of Know Your Customer and Customer Identification Program requirements

• Strong interpersonal skills and ability to communicate effectively both verbally and in writing

• Strong work ethic with an ability to work both independently and with team members, under tight deadlines

• Ability to work in a matrixed organization; leveraging resources across the organization to complete deliverables

• Ability to handle highly confidential information professionally and with appropriate discretion

• Be capable of assessing and developing individual and team skills and providing timely constructive feedback