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.
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm’s enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm’s Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions and anti-corruption obligations and its particular clients and transactions.
Morgan Stanley is committed to a strong GFC program to protect against the use of the Firm’s products, services, and facilities for prohibited transactions or the purpose of evading, avoiding or otherwise circumventing sanctions, AML or anti-corruption laws and regulations. The Firm has adopted a comprehensive, risk-based program to ensure compliance with applicable laws, regulations and government guidance.
The Sanctions Compliance Officer will be part of a global team of in-house financial crimes specialists collectively responsible for coverage of legal, compliance, and regulatory matters pertaining to AML, sanctions, and anti-corruption issues for all business units. This role will focus primarily on economic sanctions compliance issues, in particular compliance with programs administered by the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) as well as EU-based sanctions regulatory authorities.
Specific job responsibilities include:
Assist in the ongoing development, administration, and implementation of the Firm’s economic sanctions compliance program.
Draft and implement economic sanctions policies and procedures.
Maintain awareness of regulatory changes related to economic sanctions, ensuring proper communication and timely implementation of new procedures and/or enhanced due diligence programs in compliance with any change in laws and regulations.
Develop content for and deliver specialized training to relevant internal audiences concerning economic sanctions for both in-person and Firm-wide online training modules.
Coordinate with the Risk Assessment team on the yearly economic sanctions Risk Assessment.
Develop, recommend, and implement risk-based processes and controls to ensure business unit compliance with economic sanctions.
Coordinate with GFC’s Global Screening function on Global Screening Standards and the implementation of screening rules.
Assist with projects related to enhancements to sanctions screening processes.
Review and investigate escalated payments and/or transactions identified for potential matches to OFAC and other related sanctions lists; ensure prompt handling and response.
Provide written and verbal communication on issues to the lines of business, performing and reviewing highly sensitive client and transaction search information, reporting, escalating and documenting results.
Conduct ad hoc due diligence projects arising from the administration of the economic sanctions program.
Coordinate with GFC Legal on required OFAC filings.
Assist with responding to U.S. regulatory exams and other inquiries, and internal audits, including overseeing document productions.
Collect, interpret, and escalate metrics and other management information regarding sanctions compliance-related events.
Liaise and coordinate within GFC and with key stakeholders across the Firm, including Legal, Compliance, Regulatory Relations, and Risk, to ensure appropriate execution of the Firm's enterprise-wide economic sanctions program.
Candidates must have:
Strong academic credentials.
Minimum of 5 years of relevant experience, preferably at a large/complex financial institution, law firm, or government/regulatory body.
Detailed understanding of the laws, rules, and regulations pertaining to economic sanctions, in particular the sanctions programs administered and enforced by OFAC and in the EU.
Ability to understand and assess a wide variety of complex commercial transactions.
Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program.
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment.
Exceptional written and verbal communications skills, attention to detail, and effective time management.
Strong project management skills.
Sound judgment and an ability to appropriately escalate issues internally.
Proven ability to handle highly confidential information professionally and with appropriate discretion.
Outstanding interpersonal skills and team-player attitude.
Proficiency with MS Word, Excel, PowerPoint, and Outlook.
Strong understanding of financial markets and banking transactions.
Relevant government or regulatory experience (i.e., OFAC, State Department, UN).
Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment.
Juris Doctor (JD) degree is a plus.
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