Senior Manager \u2013 AML Risk Management, Account Management Team, Australia Wealth ManagementMorgan Stanley Melbourne, Australia Posted 19 days ago Permanent Competitive About The CompanyMorgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services. With offices in more than 42 countries the people of Morgan Stanley provide our clients the finest thinking, product, and services to help them achieve even the most challenging goals.Morgan Stanley Wealth Management provides holistic wealth services to clients investing in global and domestic equities, fixed income, derivatives, and broader wealth management services including financial planning, margin lending and managed fund investments.Morgan Stanley Wealth Management Australia is a national business with offices located in Sydney, Melbourne, Adelaide, Perth, and Brisbane.About The TeamMorgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.The Account Management Team (AMT) within the Morgan Stanley Australia Wealth Management business is currently responsible for the life cycle of client accounts encompassing Client Onboarding, Maintenance, Remediation and Regulation activities. A new function, AML Risk Management will be established and this role is within this function, reporting to the Head of AML Risk Management in Hong Kong. The role will be part of a team that implements AML risk controls for processes performed by AMT across the APAC region in Hong Kong, Singapore, and Australia. This includes the review and risk sign-off of high-risk accounts (e.g., EDD) throughout the account life cycle.Key Accountabilities• Support the Head of AML Risk Management team to implement the team's mandate in Australia.• Act as the risk approver (including, high risk accounts, EDD) throughout the account life cycle i.e., onboarding, periodic review, trigger events and account block.• Identify and escalate accounts, transactions or client relationships with financial and tax crime risks and information to the Head of AML Risk Management and Head of AMT with proposed mitigating measures.• Provide advice to the Head of AML Risk Management and Head of AMT on financial crime risk management matters.• Potential to manage a small team.• Coordinate with Global Financial Crimes (GFC) to ensure financial crime risk management controls are effectively designed and implemented in AMT processes and draft relevant procedures and checklists when necessary.• Provide regular management information to Head of AML Risk Management, Head of AMT and GFC for their ongoing monitoring.• Be cognizant to regulatory changes and provide guidance and training to AMT as needed to enhance risk controls for processes performed.• Coordinate responses for monitoring activities carried out by regulators, GFC, external/internal audit and testing teams.• Support MSWM Australia with implementing audit and compliance testing team action plans as required.Key Competencies / Skills• Native written and verbal proficiency in both English and Mandarin• Strong knowledge of the relevant financial crime legislation in Australia. CAMS certification an advantage.• Knowledge of account structures of various complexity, private wealth management regulatory requirements and best practices.• Proven ability to anticipate and identify risks and implement effective mitigation measures.• Demonstrated ability to collaborate across multiple functional areas while maintaining independence.• Excellent verbal and written communication skills including the ability to deal with potentially contentious AML risk issues effectively and instruct/ advise impacted teams.• Ability to adapt and work efficiently in a fast-paced environment.• High attention to detail and an analytical mindset.• Self-motivated and enthusiastic.Education and/ or Experience• Bachelor's degree required or equivalent education or experience.• 10+ years experience with at least 5 years in a role within the financial crime compliance function of a regulated financial services business in Hong Kong, Singapore or Australia and 2 years in a team lead / management role in the financial services industry.• Compliance / AML onboarding knowledge or experience at another top-tier Private Bank (PB") is an advantage. ABOUT COMPANY Morgan Stanley Asia Hong Kong 68000 Employees Investment Banking / M & A Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 cou... Global Financial Crimes: Head of U.S. Banks Advisory Morgan Stanley New York, USA Financial Crimes Governance and Program Management, Vice President Morgan Stanley Purchase, USA Vice President, Financial Crimes Policy & Strategic Initiatives Officer Morgan Stanley Miami, USA Executive Director, Financial Crimes Policy & Strategic Initiatives Lead Morgan Stanley Miami, USA Financial Crimes Governance Support Analyst, Assistant Vice President Morgan Stanley Purchase, USA KYC Office: WM and US Banks Risk and Control Lead - Vice President Morgan Stanley Purchase, USA KYC Office: WM and US Banks Risk and Control Analyst - AVP Morgan Stanley Purchase, USA Financial Crimes Risk Governance and Change Management Oversight, VP Morgan Stanley Miami, USA Boost your career Boost your career Find thousands of job opportunities by signing up to eFinancialCareers today.
#J-18808-Ljbffr
