Fraud Operations Associate - Firmwide Operations

Job description

Company Profile:
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.

Department Profile:
Firmwide Operations includes Fraud Operations, Shared Services and Banking Operations (SSBO), Operations Risk and Control, Global Project Group and Metrics, Branch Operations, and Divisional Management. Fraud Operations is a global organization responsible for assessing, mitigating, and preventing fraudulent activities across multiple product lines and services in order to protect the firm and its clients.

In an effort to protect our clients' assets, provide a safe and secure banking environment, and to minimize financial losses to the Firm from systematic security risk, the Fraud Operations Team is tasked with monitoring and analysing client activities in order to detect and curtail fraud. The Fraud Operations Team's primary responsibilities are the identification, mitigation, and incident management of potential fraudulent banking transactions detected by a suite of detection tools, and the expeditious investigation and resolution of client initiated fraud claims. The Fraud Operations team is seeking an Associate to support the regional EMEA ISG Fraud Ops team in Glasgow.

Primary Responsibilities:
- Perform monitoring of key fraud controls and work with ISG Ops to resolve exceptions
- Perform fraud risk assessments across ISG to 1) understand front to back processes, 2) conduct Deep Dive sessions to understand current control effectiveness, 3) identify fraud risks through the creation of fraud risk pathways and, 4) prepare and document review findings in a concise, understandable manner to the appropriate parties
- Input and maintain findings in departmental database for data mining and identification of trends and patterns
- Review and analyse monetary and non-monetary transactions to determine if fraud or misrepresentation exist
- Prepare Fraud Risk Reporting on a weekly and monthly basis
- Demonstrate a strong understanding of Fraud risks and threats to MS and industry
- Support the compliance of the Anti-Fraud Policy, through the creation of dedicated Fraud Programs
- Adheres to departmental and corporate policies to ensure guidelines are followed and executed in accordance with management's expectations

Desired profile

Skills Required:
- Demonstrates a strong ability to understand front to end processes
- Detail oriented with the ability to identify risks
- Excellent written and verbal communication skills
- Demonstrates an excellent understanding of Excel, and PowerPoint
- Understanding of financial services industry products and processes

Skills Desired:
- Experience in financial crime detection or prevention
- Understanding of fraud and security issues within the banking and finance industry

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. *LI-AM1