Global Financial Crimes: Sanctions Compliance - London, United Kingdom - Morgan Stanley

Morgan Stanley

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

Global Financial Crimes:
Sanctions Compliance Officer

Job Number:
3232062

POSTING DATE:
Feb 22, 2023

PRIMARY LOCATION:
Europe, Middle East, Africa-United Kingdom-United Kingdom-London

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Other

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Vice President

DESCRIPTION

Company Profile

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.

Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts.

GFC includes both legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption, Anti-Tax Evasion, and Government and Political Activities Compliance programs.

Primary Responsibilities

The Sanctions Compliance Officer will be based in London and will be responsible for providing economic sanctions related business and programmatic advice in support of the Morgan Stanley Global Sanctions Programme, including oversight of APAC and EMEA based businesses.

The Sanctions Compliance Officer will be part of a team of financial crimes specialists collectively responsible for compliance and regulatory matters pertaining to economic sanctions programmes adhered to under the Firm's Global Sanctions Policy, including the U.S.

Department of the Treasury's Office of Foreign Assets Control (OFAC), His Majesty's Treasury of the United Kingdom's Office of Financial Sanctions Implementation (OFSI), the United Nations Security Council (UNSC), and the Council of the European Union (EU Council).

Specific job responsibilities include:

Assist in the ongoing development, administration, and implementation of the Firm's economic sanctions compliance programme.
Review and investigate escalated payments and/or transactions identified for potential matches to sanctions lists; ensure prompt handling and response.
Address sanctions related queries from first line risk, business and operations groups with respect to sanctioned products and related risks, including CMIC related inquiries and sanctioned product queries from regional business and risk groups.
Working with GFC business advisory and legal teams to provide written and verbal communication on sanctionsrelated issues to the lines of business; performing and reviewing highly sensitive client and transaction search information; reporting, escalating and documenting results.
Maintain awareness of regulatory changes related to economic sanctions, ensuring proper communication and timely implementation of new procedures and/or enhanced due diligence programmes in compliance with any change in laws and regulations.
Provide periodic review and maintenance recommendations for APAC specific sanctions control environments in conjunction with firstline business risk groups.
Develop, recommend, and implement riskbased processes and controls to ensure business unit compliance with economic sanction, especially emerging regimes and programmes.
Develop content for and deliver specialized training to relevant internal audiences concerning economic sanctions for both inperson and Firmwide online training modules.
Coordinate with the Risk Assessment team on the yearly economic sanctions Risk Assessment.
Conduct ad hoc due diligence projects arising from the administration of the economic sanctions programme.
Assist with responding to regulatory exams and inquiries and internal audits, including overseeing document productions.

QUALIFICATIONS

Skills required
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, regulations and industry best practice pertaining to economic sanctions, in particular the sanctions programs administered and enforced across EMEA and by OFAC.
Ability to understand and assess a wide variety of complex commercial transactions.
Highlymotivated selfstarter able to work independently while collaborating as part of a global program.
Strong analytical and problemsolving skills and the ability to provide viable solutions in a timesensitive environment.
Strong written and verbal comm