Bank Anti-Money Laundering (AML) Group Testing Associate
Position Description
Morgan Stanley seeks an AML compliance testing associate to execute compliance testing covering bank regulations including PATRIOT Act, Customer Identification Program ("CIP"), Customer Due Diligence and Office of Foreign Assets Control ("OFAC").
Skills Required
•Perform AML compliance testing with applicable federal banking rules and regulations as well as bank policies and procedures covering banking products. Escalate and work to closure any issues identified.
•Communicate testing results, present identified issues to the business, work with the business to develop and implement a plan of corrective action, and prepare written reports.
•Track status of the corrective action plans agreed upon with the business.
•Maintain detailed and organized documentation of work product.
•Coordinate with other professionals in the organization, including compliance advisory teams, FHC Monitoring and Testing Group and Internal Audit.
•Remain current on industry rules, regulations, and best practices to help ensure that the testing program meets regulatory standards.
•Work on special projects and targeted reviews.
Skills Desired
• Bachelor's Degree.
• Previous experience with a bank government agency preferred (e.g., OCC, FRB, or FDIC) or in a regulatory, compliance, or internal audit capacity within the banking industry.
• Compliance and/or regulatory experience, with knowledge of the financial service industry, regulatory requirements, and experience in analyzing business risk and best practices.• Experience with Office of the Comptroller ("OCC") regulations, and bank safety and soundness guidance provided by the Federal Financial Institutions Examination Council ("FFIEC"). Experience with mortgage, retail, institutional lending or FX businesses.
• Highly developed investigative skills - inquiry and analysis, interviewing, testing, organization and presentation (both written and verbal).
• Ability to handle a fast paced environment with minimum supervision and successfully meet established deadline requirements.
• Excellent communication (oral and written), interpersonal and PC skills.
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