EMEA Financial Crimes - Director - Screening Alert Reviews
- Glasgow, Scotland, United Kingdom
- Permanent, Full time
- Morgan Stanley
- 18 Feb 18 2018-02-18
See job description for details
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.
Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm's invaluable reputation for integrity and protect the firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the firm’s businesses.
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), Economic Sanctions, Anti-Corruption. 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.
The EMEA Financial Crimes Group is based in London with approximately 30 employees focused on the AML, sanctions and anti-corruption obligations associated with the Firm’s business in the region. It is led by the International Head of Financial Crimes who reports to the EMEA Regional Head of Compliance and the Global Head of Financial Crimes.
A new sub-team is being recruited in Glasgow during 2017.
- Reviewing and clearing alerts generated from the screening of client and related party names and transactions against sanctions lists, Politically Exposed Persons (PEP) lists and the monitoring of adverse media
- Investigating the relationship of the concerned party with Morgan Stanley and determining if an alert is a probable true hit; includes liaising with the relevant Morgan Stanley business units
- Escalation of probable true hits including providing information to evidence the investigation
- Prioritisation and reallocation of screening alerts within the team to ensure that service levels are maintained
The ideal candidate will possess the following skills and attributes:
-Recent experience of Anti-Money Laundering Compliance, KYC Operations, testing, investigations or other risk/control functions an advantage
-Understanding of financial markets and products (in particular, Equities, Fixed Income, Commodities and Investment Banking/Capital Markets)
-Knowledge of Money Laundering Regulations in the UK and in other jurisdictions in which the Firm operates
-Experience in Know Your Customer requirements including customer due diligence and enhanced due diligence an advantage
-Demonstrate meticulous attention to detail
-Possess strong written and verbal communications skills
-Have excellent interpersonal skills and ability to work effectively with colleagues across the Legal and Compliance Division (in UK, across the Firm's EMEA offices and in other regions), other Infrastructure and Control Functions (e.g. Operations)
-Possess strong analytical thinking and critical reasoning skills
-Possess the ability to research and resolve issues independently while working across teams to acquire information
-Have the ability to effectively handle a fast paced environment and work to tight deadlines; be able to re-prioritise work in response to changes in business needs, without compromising standards
-Be able to recognize and escalate risks and issues appropriately
-Be self-motivated and have the ability to work independently and as part of a team
-Be able to handle highly confidential information with appropriate discretion -Have demonstrable good judgment (e.g. able to apply regulatory requirements to unique transaction/client situations)
-Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license – or certification within 15 months of hire
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-KH1