Client Onboarding Regulatory Services - Kyc Associate

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 ethic. 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.
Operations is one of the largest divisions in the firm and has diverse responsibilities, including correctly settling and recording millions of transactions per day, identifying and mitigating all operational risks, developing strong client relationships and partnering with technology to realize the full potential of IT and e-solutions. Throughout, the Operations department continually seeks ways to improve while actively supporting the development of new businesses, structures and markets.
Shared Services & Banking Operations (SSBO) encompasses five functionally aligned organizations; Trading Operations, Client Operations, Financing & Collateral Ops, Trade Transaction Reporting & Client Regulatory Services., Trading Operations, provides Operations functions in direct support of activity executed by Institutional Sales &Trading. The broad organization partners closely with Sales and Trading to develop and implement new products and services as well as drive efficiency and reduce risk in our processes. At all times we are focused on delivering quality service to clients both internal and external. Shared Services and Banking Operations partners closely with ISG Product Operations as well as Branch Operations and Operations Risk & Control to deliver a connected 'front to back' view of operations to ISG Sales and Trading.
Responsibilities:
- Face-off with key stakeholders in the onboarding process, including Business Units, Compliance, Risk, etc. to manage day-to-day Run-The-Bank (RTB) functions of CORS including regulatory & product documentation for client on-boarding, data management, and process quality management.
- Independently manage requests as coverage to the respective business units, building relationships to better understand our clients and their busine
- Review and respond appropriately to exception reports and management reports designed to help manage risk (regulatory risk, operational risk, etc), workload, and performance of staff. Improve quality and effectiveness of these reports and coordinate with others to establish new reports where needed.
- Ensure high process quality scores and address issues identified in QC check
- Perform user acceptance testing for enhancements to technology-based processes, controls, and applications.
- Create, improve and maintain written procedures.
- Escalate issues as per procedures while owning the resolution keeping management in the loop on progre
Qualifications:
- Familiarity with KYC and AML Compliance policies and how they are applied in a U.S. banking environment.
- Good understanding of different client profiles and KYC requirements including the EDD process.
- Knowledge and understanding of the various financial products offered across business lines.
- Excellent analytical and problem solving skills. Includes problem structuring, analysis, and ability to translate issues into actionable items and recommendations.
- Solid judgment to know when to escalate issues and take charge when needed to prevent or minimize the impact of issues.
- Ability to multi-task and prioritize tasks according to criticality.
- Ability to think strategically and provide insight into how to improve existing business and technology processes.
Role is Hybrid and will require in office attendance 3 days/week
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).
Expected base pay rates for the role will be between 51000 and 85000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.