Job Description

Associate - Client Onboarding & Regulatory Services - New Client/New Business


Job Number: 3223801
POSTING DATE: Sep 14, 2022
PRIMARY LOCATION: Non-Japan Asia-India-Karnataka-Bengaluru
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION
Team Profile:



Market Regs Client Onboarding and Regulatory Services (CORS) is an Operations group within Institutional securities group product operations (ISGPO) that is responsible for adherence to client regulatory requirements during the life of the client's relationship with Morgan Stanley. This includes market 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.

The Market Regs New Client New Business team is responsible for maintaining, reviewing, processing, and reporting 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.

Market Regs have a global footprint with offices in Hong Kong, Bangalore, Mumbai and Australia.

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.

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

Responsibilities:

• KYC/AML Specialists are expected to stay current with all regulatory changes and requirements around client KYC, Suitability and Documentation
• Perform checks on all KYC refresh case files before moving them into final stage of completion
• Able to escalate appropriately any risks identified during the documentation quality review process
• Partnering with the Sales, business, AML etc to collect required documents and associated information to meet all regulatory and internal polices
• Act as a subject matter expert on required AML/ KYC documents and process
• Ensure all role related training is completed in a timely manner and continuing education, as directed
• Manage and facilitate client due diligence, including coordinating the participation of MS stakeholders who have KYC responsibilities
• Discuss and escalate with Compliance complex issues surrounding client types and structures, financial products and services, and other AML risk-related issues. — Act as an escalation point for client issues — troubleshoot cases and collaborate on solutions.
• Represent the team at Working Groups and Steering Committee meetings, providing progress updates.
• Share knowledge and experience with team members to ensure a consistently high level of performance

QUALIFICATIONS
Skills Required

• Strong attention to details and research/investigative skills.
• Ability to interact effectively with Business Units, Compliance, global colleagues and build effective working relationships
• Ability to work independently and meet the business deadlines with accuracy, handle trouble shooting to mitigate risks
• Quick learning ability to understand policies, procedures, systems, processes, and controls
• Multi-tasking to handle various business demands.
• Teamwork, collaboration responsiveness and demonstrate accountability and ownership
• Ability to manage pressure and stressful business demands
• Must have strong written and verbal English skills with ability to communicate clearly and effectively
  

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, HK, Singapore etc) supporting international institutional and wealth management business desired
• Familiarity with APAC local 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.