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 several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm s Anti-Money Laundering (AML), Economic 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.
The Investment Management ( IM ) Financial Crime Advisory group focuses on the financial crimes obligations associated with the Firm s IM businesses, including Registered Mutual Funds, Investment Advisory Mandates, Private Equity, Real Estate and Fund of Fund Investing.
Primary Responsibilities
The Investment Management Financial Crimes Advisory Officer will be based in New York and report directly to the Head of Investment Management Financial Crimes Advisory. The Investment Management Financial Crimes Advisory Officer will be tasked with responsibility for the day-to-day execution of the overall Investment Management financial crimes program, with a focus on AML, for the IM businesses at Morgan Stanley.
Specific job responsibilities include:
- Serve as point of escalation and provide support in connection with Know Your Customer (KYC) onboarding, enhanced due diligence and transactional due diligence matters
- Advise on transactional due diligence with respect to clients, co-investors, and investments and provide guidance to the business on due diligence requirements
- Assist in the review and approval of New Product Approvals
- Review and resolve negative news and sanctions escalations
- Identify and evaluate financial crimes risks related to clients, counterparties, and/or transactions
- Develop and communicate a GFC risk view with respect to clients, counterparties, and/or transactions
- Address inquiries from BUs, Risk, LCD, and other first- and second-line functions on customer onboarding
- Serve as members on various business, compliance and risk committees; chair and serve as members of GFC governance committees
- Draft/revise and execute on policies
- Providing financial crimes subject matter expertise on changes in regulatory requirements and serving as an effective advisor to the business, legal, risk and Operations on financial crimes matters
- Deliver training to the BUs, risk, legal, compliance and other first-line and other support functions
- Serve as point of escalation and provide support in connection with regulatory interpretation and application of facts in connection with policies
- 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 financial crimes prevention program
- Represent the Firm in relevant industry groups and other external forums
Skills Required
- Minimum of 7-10 years of relevant experience, preferably at an asset manager, large/complex financial institution, law firm, or government/regulatory body
- Detailed understanding of the laws, rules, and regulations pertaining to AML as well as sanctions and anti-corruption
- Solid knowledge of Investment Management, including Registered Mutual Funds, Investment Advisory Mandates, Private Equity, Real Estate and Fund of Fund Investing
- 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
- Sound judgment and an ability to manage and appropriately escalate issues internally
- Outstanding interpersonal skills and team-player attitude
- CAMS certification - be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire