AML - Associate - Fund Services

AML, Associate, Fund Services

We are currently seeking someone to join our team as a Associate to work as a part of the Mumbai AML/KYC team.These are client facing positions. The successful applicant will perform in AML/KYC roles to fit business needs.

Established in 2004, Morgan Stanley Fund Services (MSFS) is a global business within the Institutional Equities Division (IED) that provides fund administration services for over $700billion in assets across 350+ hedge funds, private equity and large family offices clients. Our best-in-class offering includes accounting and investors services, portfolio analytics, middle-office functions, regulatory and financial reporting, and tax services. Delivering these services to our clients and their investors is a diverse team of 1,400 highly skilled employees across the globe based in New York, London, Glasgow, Dublin, Mumbai, Bengaluru, and Hong Kong. Joining MSFS, you will discover a dynamic environment where every day offers new opportunities for personal growth and innovation. Here at MSFS your career isn’t just a job, it’s an incredible journey fueled by collaboration, challenge, and the chance to make a meaningful impact to our business, our clients, their investors and the wider Morgan Stanley franchise.

The MSFS Anti-Money Laundering (AML) team brings together expertise, teamwork, and innovation to drive our mission to deliver AML and Know-Your-Client (KYC) solutions for our global clients. Our AML professionals are dedicated to meeting agreed upon standards when conducting thorough KYC reviews when required, including verifying investor identity, and performing sanctions and media screenings using advanced technology.

The team identifies risks and escalates to clients, their Boards of Directors and other key stakeholders. In our fast-paced environment, attention to detail and analytical strength are essential, and every team member is empowered to contribute to process improvements and operational excellence

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What You’ll Do In The Role

• Act as the main liaison between client-facing teams, investors, and clients, handling queries and delivering high-quality client service related to AML/KYC.
• Serve as the primary contact for investors and clients (institutional, high-net-worth individuals, etc.), addressing inquiries regarding KYC requirements, compliance status, and transaction reviews.
• Coordinate investor account setup, including KYC/AML procedures, ensuring compliance with applicable regulations and company policies.
• Arrange for and review due diligence documentation according to investor risk levels, and perform periodic due diligence as required.
• Prepare and update reports for clients/investors, including MIS and operational reports to support effective team operations.
• Draft and update onboarding procedures and guidance documents.
• Lead projects and initiatives to assess and mitigate money laundering and reputational risks.
• Partner with Compliance teams to monitor client relationships and ensure ongoing compliance.
• Review KYC/AML and subscription documentation, complete initial AML reviews, and ensure screening of all relevant parties.
• Identify red flags, validate source of funds/wealth, and escalate suspicious activity per policy.
• Identify and implement process improvements and operational efficiencies.
• Support audits by providing required documentation and assistance as needed.
• Handle sensitive and confidential information with discretion.
  
  

Performance Reporting And Data Analysis

• Ensure accurate and timely entry and maintenance of investor data, tracking profile changes and database integrity.
• Assist with preparation and distribution of investor AML status and risk reports (weekly, monthly, quarterly).
• Prepare and analyze database, risk metrics, KPIs, and SLA reports, providing meaningful insights to stakeholders.
  
  

Compliance And Documentation

• Maintain detailed knowledge of fund offering documentation and relevant regulatory requirements.
• Ensure all investor activities, transactions, and communications comply with applicable regulations, policies, and best practices.
• Maintain investor records and data integrity in internal systems.
  
  

Skillset

• Strong analytical, problem-solving, and communication skills; ability to understand complex client needs and transactions.
• Experience identifying red flags and navigating complex ownership structures.
• Ability to comply with client requirements while managing operational risk and keeping risk teams informed.
• Strong attention to detail and accuracy, especially in handling investor transactions, communications, and reports.
• Ability to work independently and as part of a (virtual) team across time zones.
• Adaptability to a fast-paced environment and effective time management.
• Awareness of market trends and regulatory updates impacting AML compliance.
• Experience with SDD, CDD, and EDD standards; knowledge of AML/KYC regulations preferred.
  
  

Work Environment

The role is primarily office-based, with the potential for flexible work arrangements depending on company policy.

If you are a highly motivated individual with a passion for hedge fund operations and AML/KYC sector, we encourage you to apply for this exciting opportunity within our AML/KYC fund services team.

What You’ll Bring To The Role

• Master’s Degree, Law, MBA in Finance, Accounting, Economics, or a related field (preferably business/numerical discipline).
• Professional certification such as ACAMS is helpful.
• 2-4+ years of AML/KYC experience in a regulated financial services or fund administration environment.
• Proficiency in Microsoft Excel, Word, and data management tools; financial software experience is a plus.
• Ability to manage increased workloads and work under pressure, especially at month-end.
  
  

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.