Assistant Vice President Due Diligence Specialist

Morgan Stanley

Dallas, TX; Purchase, NY Posted over 1 year agoDiscoveredMatch locked

3+ years expBusiness Operations

About the role

Morgan Stanley is a global financial services firm that conducts its business through three principal business segments-Institutional Securities, Wealth Management (WM), and Asset Management. Morgan Stanley provides comprehensive financial advice and services to its clients including brokerage, investment advisory, financial and wealth planning, credit and lending, deposits and cash management, annuities, insurance, retirement, and trust services.

The Private Banking Group is responsible for developing and managing compelling banking and lending products and services designed to serve the diverse needs of our client base. These products include home loans, securities-based lines of credit, tailored lending products, deposit products, and cash management transaction services offered through our brokerage accounts.

Morgan Stanley Home Loans is seeking an Assistant Vice President Due Diligence Specialist. This individual will report to the VP Due Diligence Team Manager and will be responsible for identifying, communicating and coordinating with 1st and 2nd lines on due diligence alerts and inquiries. Additionally, the individual will be placing conditions in the Home Loans Originations System to prevent loans from moving to closing until confirmation that appropriate screenings have been completed and cleared. The individual will be working with Global Financial Crimes and Ops Risk Quality Assurance partners on review results and remediate exceptions identified where possible. The individual will be aligned to projects/action items/audits and participate in working sessions detailing processes end-to-end, identifying gaps and/or creation of procedures that support those initiatives.

Job Responsibilities

Business Support to Home Loan Employees for Anti-Money Laundering (AML)/Global Financial Crimes (GFC)/Due Diligence Escalations
Daily Reconciliation of Outstanding Home Loans Due Diligence Cases
Develop tactical and strategic resolutions to address Due Diligence QA/QC Findings
Collaborate with 1st LOD and 2nd LOD to ensure Due Diligence Reviews are addressed
Manage Due Diligence Pipeline to ensure reviews are completed in a timely manner and provide transparency on reviews underway
Compile and Reconcile List of Parties that require Due Diligence Screenings
Daily submission, monitoring of results, condition clearing and escalations for Due Diligence OFAC and Negative News screening log
Work with Business Unit and Risk Partners to collect additional information and/or forms required for Enhanced Due Diligence reviews
Place conditions within loan origination systems for High or High Plus risk rating for applicants identified by AML Risk Partners
Review and investigate transaction monitoring alerts for potential fraud, money laundering, and sanctions risks
Effectively utilize systems, both internal and external, to perform job functions and maintain accurate records
Act as a KYC/AML subject matter expert
Ensure all transactions follow financial regulations
Ensure there is strong oversight of all compliance operations including AML, Fraud, Sanctions, KYC/CIP/CDD and EDD, PEP, & OFAC sanctions

Required qualifications, capabilities and skills

Highly proficient in Microsoft Office applications (word, excel, power point, Visio and outlook)
Ability to effectively collaborate with cross functional groups
Adapt at working in a fast-paced, high-energy environment
Meticulous and solid follow-up and follow through skills

Preferred qualifications

BS/BA or equivalent preferred
Minimum of 3-5 years of relevant work experience in KYC/AML/Global Financial Crimes (GFC)
Minimum of 3-5 years of Mortgage experience
Excellent communication, oral, written and presentation skills
Excellent customer focus; results oriented; focused on attention to detail
Strong relationship building skills and ability to effectively collaborate with cross functional groups

WHAT YOU CAN EXPECT FROM MORGAN STANLEY

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. We're committed to bringing passion and customer focus to the business. Expected base pay rates for the role will be between $85,000 and $135,000 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. 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).

Not included in the source posting: about the role, benefits.

Skills

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