EMEA Financial Crimes Compliance - Investment Management Advisory

  • Competitive
  • London, England, United Kingdom
  • Permanent, Full time
  • Morgan Stanley
  • 23 Feb 18 2018-02-23

See job description for details


Company Profile
Morgan Stanley (the Firm) 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
Professionals within the Legal and Compliance Department 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.

Team Profile
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 and anti-corruption policies. 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 investment management and funds advisory role will provide financial crimes advice to the Morgan Stanley Investment Management (MSIM) business, which comprises public and private side funds across multiple jurisdictions, and large discretionary managed portfolios.

The EMEA Financial Crimes Group is based in London and Glasgow with approximately 35 employees focused on AML, Sanctions, Anti-Corruption and Anti-Tax Evasion. It is led by the EMEA Head of Financial Crimes who reports to the EMEA Head of Compliance and the Global Head of Financial Crimes.

Primary Responsibilities

  • Act as primary escalation and liaison point for MSIM Financial Crimes matters relating to public and private funds and discretionary managed portfolios for the following areas:
    • MSIM public and private side front office teams in EMEA
    • MSIM Operations teams in Luxembourg and London
    • GFC MSIM advisory teams in Americas and APAC
    • MSIM Compliance teams in EMEA
  • Execute the Firm’s oversight programme relating to third party Transfer Agents, including initial due diligence reviews, risk assessments, ongoing communication and oversight
  • Review and amend, where required, the Transfer Agent’s AML Policies applied to the Funds
  • Oversee the transactional due diligence conducted on behalf of MSIM Private business, including KYC checks, review of risk reports and escalation of financial crimes considerations to the relevant personnel as appropriate (anti-corruption, sanctions, AML)
  • Draft Fund policies
  • Perform Fund risk assessments
  • Responsible for liaising with other GFC teams to provide content for quarterly board reports for funds, management company and investment manager
  • Liaise with internal and external counsel on legal and regulatory matters
  • Review New Product Approvals requests for MSIM related funds and products
  • Assist in reviewing payments escalations as required
  • Assist and provide cover to other advisory functions as required
  • Manage one other MSIM Financial Crimes advisory team member


Qualifications:


Skills required

The ideal candidate will possess the following skills and attributes:

Experience
  • Degree educated or equivalent
  • Experience of Anti-Money Laundering Compliance, KYC Operations or other risk/control functions
  • Experience of asset management or funds industry an advantage
  • Management experience an advantage

Knowledge
  • Understanding of financial markets and products (in particular, asset management and funds)
  • Knowledge of 4th EU Money Laundering Directive, Money Laundering Regulations in the UK, and money laundering legislation/regulations in other jurisdictions in which the business operates (Knowledge Luxembourg and/or Irish regulations would be an advantage)
  • Knowledge of Know Your Customer requirements including customer due diligence and enhanced due diligence

Skills
  • Ability to work effectively on multiple reviews with different groups at the same time
  • Ability to manage multiple priorities and tasks with the skills to adapt to changes in a fast-paced environment
  • Ability to manage team members, assign workload, develop career
  • Demonstrate meticulous attention to detail
  • Possess strong written and verbal communications skills
  • Have excellent interpersonal skills and ability to work effectively with internal and external stakeholders
  • 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 recognise 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)

Qualifications
  • 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-FH1