Morgan Stanley Hiring for Associate- CRS New Client / New Business at Bengaluru, India Full Time

Job Level: Associate
Title: Associate, Client Onboarding & Regulatory Services , New Client New Business Team
Department: ISGPO
Functional Area: Client Onboarding & Regulatory Services
City Position is Located: Bangalore
Company Profile:

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

Department Profile:

One of the largest divisions in the Firm, Operations is the first line of defence for Morgan Stanley’s financial and reputational well-being and essential in delivering value to our clients. Operations is responsible for correctly settling and recording millions of transactions per day, identifying and mitigating operational risk, developing strong client relationships and partnering with technology to realize the full potential of IT and Automation. Operations has a world-class team of innovative and dedicated professionals, with a unique vantage point in the Firm interacting with all parts of the business, front to back. The Operations Senior Management team are passionate about our people development and providing best in class employee opportunities through an inclusive, forward-looking environment defined by open communication, collaboration, learning, and proactive career management

Team Profile:

Client Regulatory Services (CRS) is an Operations group within Shared Services and Banking Operations (SSBO) that is responsible for adherence to client regulatory requirements during the life of the client-s relationship with Morgan Stanley. This includes Anti-Money Laundering (AML) Client Reference Screening, Know Your Client (KYC), and other non-AML/KYC regulations such as MIFID, QIB, QFC, Dodd Frank, EMIR, HKPI, etc.
The team is comprised of regulatory SMEs that provide support and regulatory control to global Business Units and stakeholders. The teams work on cross-functional projects in support of changed or new regulations, processes and controls that have an impact across the Firm coordinating with Legal, Compliance, Central Change and Technology.

There are three Operational teams:
– NCNB: The New Client New Business team is responsible for maintaining, reviewing, processing, and reporting on both AML and Non-AML regulatory programs; ensuring the data and documentation required is collected for new clients or existing clients extending their business relationship with Morgan into new products/jurisdictions.
– Regulatory Refresh: The Regulatory Refresh team is responsible for completing the AML/KYC Periodic Reviews of our clients based on their jurisdictions and AML Risk to the firm. The KYC Services team is part of Regulatory refresh and is responsible for Client, Sales and NMR engagement; thereby assisting in effective completion of data & document refresh.
– Client Screening Services: The Screening team performs Initial (Level 1) review & disposition of screening alerts across Sanctions, Negative News, PEP and Client Settlement Instructions. For high risk clients, the team completes Extended Due Diligence (EDD) public source reviews for new onboarding and refresh.

And three supporting teams:
– Controls and Quality: The Controls and Quality team works closely with CRS functions, Internal Risk, Audits, and Testing teams to implement a standardized approach towards the control agenda including operational procedures, RCSA, risk incident management, audits and testing issues and resolutions. The team is also responsible for performing process quality checks of completed CRS processes as an important part of the CRS Quality Assurance framework.
– RIOA: The Regulatory Interpretation and Operational Advisory team works closely with Global Financial Crimes and Legal and Compliance to operationalize policy to ensure the team fulfills regulatory requirements. They are the first point of escalation for CRS on policy related questions in all regions.
– CTB: The Change the Bank team works closely with Technology to implement new regulatory programs and system enhancements to improve our quality and streamline our workflows.
– CRS have a global footprint with offices in Hong Kong, Bangalore, Tokyo, London, Baltimore and New York.

Our mission is to serve our -clients- by delivering effective and efficient Regulatory Services at a high level of quality and control, while striving for continuous innovative improvements that will reduce the Firm-s total operating expenses.

ROLE DESCRIPTION:

We are looking for an Associate to join our CRS team in Bangalore. This position will support the Firm-s Equities, Fixed Income, Investment Banking, Investment Management businesses in EMEA region. Responsibilities will include :

• Perform Client Due Diligence review in support of the Firm-s new client onboarding and existing client regular review in accordance with the applicable regulatory program requirements (such as UK, Germany, Dubai, US, Hong Kong, Singapore KYC requirements and applicable eligibility standards)
• Update Firm systems and databases with information and documentation as obtained from clients
• Handle inquiries and ad hoc requests from internal clients including Compliance where required
• Actively engage with business, client onboarding teams, Compliance and Operations during the life cycle of the review starting from a request is received to completing a review.
• Ability to handle volume spikes and prioritize work including ad-hoc requests and projects to meet business demands in a timely manner
• Understand and implement in respond to changes such as regulatory changes, internal policy and procedural changes.
• Participate in process improvement initiatives such as technology enhancements, operational process review, and process simplification.
• Support Functional Managers in the performance of quality & control checks; include the performance of 4-eye checks, collection of error types and analysis of root causes to identify opportunities for improvements.
• Support Functional Managers during internal audit, testing and external reviews by way of delivering process walk-through and preparing sample packs for auditors and testing team to review
• Deliver with quality, accuracy and timeliness with at expected throughput rates

Skills Required

• Strong attention to detail and research/investigative skills
• Ability to interact effectively with Business Units, Compliance, global colleagues (Hong Kong, Budapest, London, Tokyo, New York, Bangalore) and build effective working relationships
• Ability to work independently and meet the business deadlines with accuracy, handle trouble shooting to mitigate risks
• Multi-tasking to handle various business demands
• Must have strong written and verbal English skills with ability to communicate clearly and effectively
• Ability to manage pressure and stressful business demands
• Team work, Collaboration, Responsiveness and demonstrate accountability & ownership
• Quick learning ability to understand policies, procedures, systems, process and controls

Experience Required

• Minimum 2 to 5 years- of work experience
• Experiences in AML/KYC customer due diligence, control, and regulatory program related process and/or projects are preferred.
• Knowledge of global KYC/CIP requirements (for UK, US, Germany, Hong Kong, Singapore etc.) supporting international institutional and wealth management businesses desired
• Familiarity with India local KYC and ODI regulatory requirements is a plus

Educational Requirements
– Minimum Bachelors- Degree

What we offer

• International environment and future career opportunities within our division
• Significant role in defining process quality metrics and outputs
• Possibility to learn about the financial markets and global regulations
• Participation in major, global projects related to regulatory changes which have been re-shaping the financial industry
• Welcoming and inclusive environment, strong corporate values and work ethics
• Extensive training offerings
• Active social life, the possibility to join diverse employee networks

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.

Job: *Other

Title: Associate- CRS New Client / New Business

Location: Non-Japan Asia-India-Karnataka-Bengaluru

Requisition ID: 3188673