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EMEA Financial Crimes Compliance- Head of AML and Sanctions Advisory - Executive Director
Morgan Stanley
London, , United Kingdom
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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
The EMEA Legal and Compliance Department is charged with day-to-day oversight and coordination of the Firm’s compliance with core regulatory requirements covering all businesses including Institutional Sales and Trading (fixed income, commodities, equities), Investment Banking, Research Investment Management and Private Wealth Management Business across the EMEA region.
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, Anti-Corruption and Government. 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 EMEA Head of Financial Crimes who reports to the EMEA Regional Head of Compliance and the Global Head of Financial Crimes.
Primary Responsibilities
• Day to day oversight of the core AML/Sanctions systems and controls (Enhanced Due Diligence, evaluating output of transaction monitoring, screening)
• Management of the client due diligence, onboarding and periodic refresh teams in EMEA
• Provide judgement and guidance relating to EDD for all EMEA clients
• Provide front office with guidance on the interpretation and implementation of AML and Sanctions policies and procedures
• Assist Operations division on day to day AML escalations
• Overseeing the implementation of projects and other initiatives (e.g. changes in industry best practice, implementation of regulatory reform)
• Coordinating with senior peers in the Firm’s other regions on matters relating to onboarding, due diligence and policy interpretation
• Setting goals and objectives for direct reports as well as responsibility for ongoing professional development feedback and reviews
Qualifications
Skills Required
• Substantial previous Financial Crimes knowledge, including and understanding of the UK and other EMEA/Global regulatory regimes
• Demonstrable people management experience
• Ability to work with a very broad range of stakeholders (e.g. Clients, Front Office, Operations, Internal Audit)
• Broad understanding of all aspects of an effective Compliance Programme (e.g. Testing, Policies and Procedures, Training)
• Exceptional judgement and risk management experience
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