Job Description

QA Associate

Job Number:

3255905


POSTING DATE: Jul 19, 2024
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate

DESCRIPTION


Division: Legal & Compliance (LCD)


Department: Financial Crimes

Region: APAC

Job Level: Manager

Employment Type: Full Time

Location: Mumbai (Nirlon Knowledge Park)



Firm

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.



As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.



Division

LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.



The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.




The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.



Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.



The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.



LCD Center of Excellence - Mumbai (LCD CoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.



Team: Quality Assurance

The GFC Quality Assurance (QA) Team performs manual reviews of financial crimes-related monitoring activities and select KYC activities (e.g., Enhanced Due Diligence for higher risk customers) on an ongoing basis to assess quality and consistency in the disposition of alerts, the collection and analysis of onboarding information, and other financial crimes-related processes in both the first and second lines of defense. The GFC QA Team provides information and insight to control owners to promote consistency across business units and regions in adherence to global standards, continuous improvement of processes and controls, and effective management of financial crime-related risks.

QUALIFICATIONS


Primary Responsibilities (Day Job)



Responsibilities include:

Performing population extraction and sampling of completed work items for GFC QA review

Reviewing completed work items and completing analysis sheets containing procedural and analytical questions regarding the disposition of those items for the monitoring activities assigned

Determining whether the disposition of the work item demonstrates an understanding of the work item and appropriately addresses the material risk

Determining whether the decision to close the work item or to escalate it to the next level of review was appropriate

Documenting the GFC QA review process and results

Providing as-needed support and guidance to other GFC QA analysts on the assigned area of expertise.


Supporting QA management in efforts to enhance consistency in the performance of GFC activities across processes, business lines, and regions

Supporting QA management as needed during regulatory examinations and internal audits



Requirements



Experience



Bachelor's degree from an accredited college / university


Up to 8 years of experience in Quality Assurance, Testing etc., preferably with experience in Anti-Money Laundering, sanctions and/or anti-corruption.

Prior experience at a large financial institution, regulatory agency, or Big 4 is a plus.

Strong investigative skills: inquiry and analysis, interviewing, testing, organization and presentation (both written and oral), with the ability to research and resolve issues independently.

Certified Anti-Money Laundering Specialist (CAMS) - Must obtain CAMS certification within 15 months of employment.



Knowledge



Understanding of AML / KYC

Should exhibit comfort working with technology and the ability to learn and display proficiency on technical systems and programs.


Proficient with MS Office




Skills and Qualities



2+ years professional experience in an anti-money laundering or anti-financial crime group at a large financial institution

Bachelor's degree or equivalent

Excellent time management skills and ability to execute tasks within tight deadlines

Excellent analytical skills

Excellent interpersonal skills necessary to work effectively and collaboratively with colleagues and stakeholders across regions and business units

Ability to identify root causes for recurring issues identified during the QA process

Attention to detail

Ability to take thoughtful and effective ownership of assigned areas of responsibility

Experience with managing data and records in Excel




Coverage



Monday to Friday from 9 AM to 6 PM or 12 PM to 9 PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).



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.