Compliance Officer

Compliance Officer

Job Number:

3259723

POSTING DATE: Oct 7, 2024

PRIMARY LOCATION: Europe, Middle East, Africa-Saudi Arabia-Saudi Arabia-Riyadh

EDUCATION LEVEL: Bachelor's Degree

JOB: Compliance

EMPLOYMENT TYPE: Full Time

JOB LEVEL: Director

DESCRIPTION

Morgan Stanley Saudi Arabia

Morgan Stanley, one of the world's largest financial services firms, has been active on behalf of clients in Saudi Arabia since the early seventies. We have steadily built our relationships and expanded our offerings in the region: our comprehensive range of services includes mergers and acquisitions, corporate finance, equity and debt capital markets, and sales and trading activities, as well as asset management and private wealth management. From our headquarters in Riyadh, we provide clients access to global opportunity, and solutions to their most complex problems. Our Firm's local presence is enhanced by our broad reach in the global capital markets, innovative thinking and unwavering focus on meeting our clients' needs. Together these have made Morgan Stanley an especially strong name in the Kingdom of Saudi Arabia (KSA).

Overview of Role

Primary Responsibilities
A role has arisen for a Manager/ Director (AVP) in the Morgan Stanley Saudi Arabia (MSSA) Compliance team. The individual will work on all aspects of Compliance in support of Morgan Stanley's various business units operating in KSA. The individual will ensure that the organisation acts in compliance with internal policies, external rules and regulations, in particular those relating to Capital Market Authority, Saudi Exchange, securities regulations and money laundering rules. Ultimately, the objective of the role is to help protect Morgan Stanley's franchise in the KSA.

Reporting to the Head of Compliance and GFC - MENA and working closely with Compliance Officer in Morgan Stanley Saudi Arabia, the individual will assume a number of responsibilities in Compliance and Global Financial Crimes (GFC) department.

> Advice, Policy and training
o Providing primary Compliance and GFC advisory coverage for MSSA employees.
o Contribute to and lead development of Compliance and GFC policies and procedures.
o Provide support on regulatory requirements, transactions, new products and other business and infrastructure initiatives
o Provide support in training employees on a regular basis on their duties under the applicable laws and regulations as well as under Morgan Stanley's policies
o Responding to questions from the business in a timely manner, working with other Compliance and GFC teams to incorporate their views where appropriate.
o Building relationships and networks across the Firm to develop a role as a trusted adviser to business and Legal and Compliance Management.
o Working with the MENA Head of Compliance to deliver the annual Compliance Plan for MSSA.

> Monitoring, test checks, desk reviews and investigations
o Design Compliance and GFC Monitoring and Testing programmers in conjunction with the EMEA Monitoring and Testing teams across MSSA.
o Conduct investigations with respect to any potential employee misconduct/breach of rules and regulations

> Rule interpretation and implementation of procedures and processes
o Identify upcoming changes in KSA and CMA/Tadawul/Muqassa laws and regulations
o Ensure implementation of processes/procedures to comply with laws and regulations
o Ensure policies and procedures are drafted and updated accordingly

> Contact with regulators and auditors
o Liaise with the regulators and internal and external auditors
o Provide input to responses to inquiries from Tadawul and the CMA in a timely manner

> Anti-money laundering
o Ensure processes and policies are in place to comply with the money laundering law
o Create/update money-laundering risk analysis and ensure adequate monitoring

> Management Information
o Collate monthly and quarterly Management information and update MENA Head of Compliance and MSSA CEO of key achievements/ developments in the MSSA Compliance Program.

QUALIFICATIONS

Experience Required
> Saudi National as per the CMA regulations
> Preferably minimum of 5-7 years' experience in Compliance/ AML or a related discipline with a leading international or a large KSA financial institution
> Good understanding of KSA securities laws/regulations
> Familiarity with some or all of the business lines operating in Morgan Stanley Saudi Arabia (Institutional Sales and Trading, Investment Banking and Investment Management)
> Fluent in Arabic and English
> Preference for candidates with qualification in Law, Finance or Accountancy
> Preference for candidates that have the CME1 and CME2 qualification

Key attributes
> Exceptional oral and written communication skills. Candidates must possess a demonstrable ability to distil complex and detailed information; present information clearly in PowerPoint and Excel, Word and draft business memos.
> Pro-active, motivated, strong organisational skills, with ability to handle multiple tasks, work under pressure, and manage competing priorities.
> Exceptional problem solving and execution skills with attention to detail.
> Excellent presentation skills.
> Impeccable interpersonal and client-service skills.
> Demonstrable track record of exercising sound and independent judgment and ability to identify which issues require escalation.
> Ability to remain calm and assertive in tough situations and be persuasive.