Business Analyst III

New York, NY

Post Date: 11/27/2017 Job ID: 10300590 Industry: FIN Consulting
Description:
Anti-Money Laundering Due Diligence / Screening, Proficient written and verbal communication skills, understanding of US BSA/AML requirements

Brokerage ( " MS ) is a global financial services firm that conducts its business through three principal business segments Institutional Securities, Wealth Management (WM), and Asset Management. The AML Risk Associate is with Brokerage Private Bank, National Association (the " Bank or " MSPBNA ) on the Bank's Operational and Regulatory Risk Team. The Bank provides deposit and lending products and services to serve the Private Banking needs of WM clients. The AML Risk Associate is responsible for First Line Unit functions supporting the Bank, including, but not limited to, Enhanced Due Diligence and Negative News Screening at client on-boarding and as part of continuous monitoring.

The AML Risk Associate will:

" Provide support of the Bank's BSA/AML Client Due Diligence (CDD), Enhanced Due Diligence (EDD), and Supplemental Due Diligence (SDD) processes for the First Line Unit
" Partner with the Business Unit, including Branch Risk Officers, to ensure appropriate client on-boarding due diligence processes are enacted while providing a positive client experience
" Assist in the coordination of the Bank's Periodic Review process to ensure continued knowledge of Bank's client base, expected and actual activities, and any material changes to client information
" Assist in the Negative News Screening (NNS) process for Retail Banking clients including conducting research of prospective and current clients
" Coordinate with the Second Line of Defense Bank AML Compliance and Wealth Management AML Compliance teams to monitor client relationships on an ongoing basis
" Actively identify, measure, control, and remediate AML and Operational Risk issues with partners in Bank AML Compliance and the Business Unit
" Assist in managing surveillance issues observed or highlighted by Bank AML Compliance partners and liaise with Business Units
" Provide periodic AML reporting to Bank Management and seek to provide enhancements and efficiencies in metrics reporting program
" Collaborate with the AML Compliance group to ensure BSA/AML programs operate effectively and continue to comply with regulations and changes in regulations
Skills Required:
" Have an undergraduate degree in Business, Finance, or other related field
" Have 2+ years of relevant experience in BSA/AML Compliance, Know Your Customer, and Customer Identification Program requirements
" Desire to be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license
" Experience with US Banking regulations and knowledge of Securities Based Lending products is a plus
" Ability to work both independently and with team members, as well as providing support for multiple team managers, under tight deadlines
" Evidence strong interpersonal skills and ability to communicate effectively both verbally and in writing
" Be able to handle highly confidential information professionally and with appropriate discretion

Ashley Maldonado


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