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.
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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-Tax Evasion, 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 Senior Financial Crimes Advisor for Wealth Managementwill help lead an advisory team that focuses on the anti-money laundering obligations associated with the Firm’s Wealth Management (“WM”) and digital platform businesses. The group is comprised of team leads and analysts who focus on a variety of tasks, including providing financial crimes related advice and guidance to the WM businesses, performing enhanced due diligence associated with clients and accounts, and serving as an escalation point for AML, sanctions and corruption issues in the WM space. In this role, the Senior Financial Crimes Advisor for Wealth Managementwill be responsible for providing oversight of the WM business, representing GFC on senior committees and with key stakeholders across GFC, the Legal and Compliance Division and WM.
This role reports to the Head of Bank and Wealth Management Financial Crimes Advisory and will have direct report(s).
Specific job responsibilities include:
Provide guidance and direction to business and compliance teams on issues related to AML, sanctions, and anti-corruption laws and regulations, including the USA PATRIOT Act, Bank Secrecy Act, OFAC/HMT regulations, U.S. Foreign Corrupt Practices Act (FCPA), UK Bribery Act, etc.
Decision client matters with significant reputational risk and potential financial crimes exposure
Advise on issues related to Know Your Customer (KYC) obligations, including reviewing complex structures and higher risk customers for AML related-risks
Assist in identifying and reporting suspicious activity
Drive compliance with the Firm's Global KYC Standards across the Firm
Interpret and advise on relevant laws and industry best practices pertaining to AML
Supervise WM responses to U.S. regulatory exams and other inquiries, and internal audits, including overseeing document productions
Identify weaknesses, gaps and areas for enhancement across processes and platforms that impact GFC, determine appropriate solutions and lead corrective action efforts
Lead special projects arising from the administration of the WM Financial Crimes program
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 WM financial crimes prevention program
Coordinate execution of WM Financial Crimes program changes with key stakeholders (Operations, Technology, Compliance, GFC)
Represent WM Financial Crimes in status update meetings with senior management and other stakeholders
Candidates must have:
4 year college degree with strong academic credentials
Minimum of 10 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 AML and wealth management businesses
Ability to understand and assess a wide variety of complex products, services and client types
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
Excellent 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
Advanced degree is strongly preferred
Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire
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