Global Financial Crimes: KYC Monitoring and Screening Officer

About Morgan Stanley:

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.

About Global Financial Crimes:

Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity.

The GFC Monitoring and Screening Controls team is a central program management team of specialists and experts responsible for managing complex, cross-functional initiatives as well as the development, enhancement and governance of technology controls that support the Firm's AML, KYC and Sanctions obligations. The remit of the team includes suspicious activity/AML transaction monitoring, sanctions screening, negative news and politically exposed persons (PEP) screening, customer activity reviews and the Enterprise Customer Risk Ranking (ECRR) program.

The GFC KYC Controls Officer reports to the Head of Customer KYC Controls within the GFC Monitoring and Screening Controls group.

Your Key Responsibilities:

• Assist with development and optimization of the ECRR, Negative News, and PEP screening program to meet new or evolving regulatory requirements, industry best practices and Firm/GFC risk tolerances.
• Work with partners in engineering to draft requirements and user stories, conduct business analysis exercises and assist in the prioritization of product backlog items
• Stay up to date on regulatory developments related to financial crime screening such as ensuring models comply with global regulatory expectations such as those from FATF, FinCEN, OFAC, FCA, and other relevant authorities.
• Support the business-as-usual processes related to ECRR, Negative News, and PEP screening, including executing administrative tasks and coordinating configuration and reference data updates within the system.
• Conduct ongoing monitoring of the ECRR, Negative News, and PEP screening model and partner with the Model Risk Control Team to perform root-cause analysis of anomalies.
• Serve as a point of contact for GFC Advisory, Risk, and Onboarding Teams, to respond to inquiries and provide advice regarding model/screening functionality and user interface.
• Communicate model and UI enhancements, conduct UAT and coordinate training (create, implement, and maintain procedural training documents) to users and stakeholders
• Collaborate with colleagues and Business Partners to prepare for regulatory inquiries/exams and internal exams (e.g., Internal Audit) and support post-exam action plans.
• Assist with the creation of periodic metrics related to model output overrides for identification of themes and presentation to Business and GFC partners.
• Coordinate and execute required activities to attain and maintain compliance with Model Risk Management requirements (e.g., reviewing and analyzing outputs of inputs/outputs monitoring, making updates to model documentation, liaising with divisional Model Risk Control teams for administration tasks)
• Maintain awareness of current industry rules, regulations, and best practices regarding customer risk ranking.
• Assist with screening tuning and threshold setting while exploring advancements in AI Automation to enhance screening and model capabilities

What We're Looking for in You:

• 8+ years relevant work experience, preferably at a large/complex financial institution
• Experience or understanding of Know Your Customer (KYC) obligations and customer onboarding processes in the financial industry
• Technology savvy with ability to quickly learn new systems and tools, and to identify and implement enhancements
• Familiar with Agile methodology and relevant productivity software such as Jive, Jira, SQL, and Tableau
• Experience with engaging senior stakeholders across technology and the business
• Proven ability to take ideas forward and to challenge others with integrity and maturity
• Strong organizational skills and an ability to manage multiple demands and changing priorities
• Exceptional written and verbal communic