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Vice President - Negative News Screening (Wealth Management)
10-15 years
₹ 24 - 70L/yr (AmbitionBox estimate)
Mumbai
1 vacancy
Vice President - Negative News Screening (Wealth Management)
Morgan Stanley
posted 3hr ago
Job Role Insights
Flexible timing
Key skills for the job
Job Description
The Anti-Money Laundering Risk (AML Risk) team is embedded within the Firms business lines. It is responsible for identifying, assessing, and escalating potential money laundering and reputational risks associated with higher risk client types. The AML Risk team is considered to be in the First Line of defense and supports the onboarding, client due diligence, enhanced due diligence and negative news processes.
Position Summary:
The AML Risk VP - NNS will be responsible for executing risk-relevant activities related to AML. The AML Risk VP - NNS will identify and assess potential Bank Secrecy Act (BSA), money laundering and reputational risk matters identified through the execution of the Firms NNS protocols for both new and existing customers. The VP will have responsibility for the identification and, as appropriate, escalation of negative news events or risks.
Key Responsibilities:
Key responsibilities will include but will not be limited to the following:
> Actively manage projects and initiatives related to assessing and mitigating the Firms exposure to AML and reputational risk-relevant activities
> Lead discussion on overall management of 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
> Lead / manage the team to oversee transition of activities.
> Ensure the development and maintenance of up-to-date documentation of policies and procedures
> Identify and develop areas for improvement for example, system enhancement, process controls to improve the throughput, quality of work, supervisory reviews, etc.
> Ensure staff receives appropriate training and development, assist in developing training plans and provide coaching where necessary
> Promote a culture of high performance and continuous improvement
> Relationship building with stakeholders.
> Risk & Control - Manage SLAs, quality, capacity, metrics etc
> 10 + years of Corporate Intelligence, due diligence; experience in the financial services industry
> Solid track record working in a professional environment
&g
Employment Type: Full Time, Permanent
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Anonymous · Technology / IT
in Mumbai
Very people-centric culture, with high values. One generally finds highly tenured employees here for 2 reasons - one develops very deep domain knowledge working here. So after the initial steep learning curve, one is not much challenged with learning. Technology hasnt kept pace with outside world and after a while, there is a risk of..Read More
Usually very top-down culture. In certain functions/teams, this can be very stifling. In most pasrts, one will get outdated on technology; working here long term. Morgan Stanley is very slow to adopt new technology and is quite conservative with innovation. Many systems are very old (say 10-20 years) and depending on the team, one ma..Read More
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