Sanctions Compliance Officer, GFC, Legal and Compliance, VP

Job Description - Sanctions Compliance Officer, GFC, Legal and Compliance, VP (3262758)

Job Number:

3262758

Posting Date

Primary Location

Education Level : Refer to Position Description

Job

Employment Type : Full Time

Job Level : Vice President

Description

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.

Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC 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 (SCO) will be responsible for providing economic sanctions related business and programmatic advice in support of the Morgan Stanley Global Sanctions Program, including oversight of APAC based businesses.

The SCO will be part of a team of financial crimes specialists collectively responsible for compliance and regulatory matters pertaining to economic sanctions programs 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), as well as regional regulatory authorities including but not limited to, Hong Kong, Japan, Singapore, China, Australia, Taiwan, India, Indonesia, and South Korea.

Specific job responsibilities include:

1. Assist in the ongoing development, administration, and implementation of the Firm's economic sanctions compliance programme, including assisting with the ongoing iterative uplift of program specific control frameworks.
2. 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.
3. Work with GFC business advisory and legal teams to provide written and verbal communication on sanctions-related issues to the lines of business; performing and reviewing highly sensitive client and transaction search information; reporting, escalating and documenting results.
4. 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.
5. Provide periodic review and maintenance recommendations for APAC specific sanctions control environments in conjunction with first-line business risk groups.
6. Develop, recommend, and implement risk-based processes and controls to ensure business unit compliance with economic sanction, especially emerging regimes and programmes.
7. Develop content for and deliver specialized training to relevant internal audiences concerning economic sanctions for both in-person and Firm-wide online training modules.
8. Coordinate with the Risk Assessment team on the yearly economic sanctions Risk Assessment.
9. Review and investigate escalated payments and/or transactions identified for potential matches to sanctions lists; ensure prompt handling and response.
10. Conduct ad hoc due diligence projects arising from the administration of the economic sanctions program.
11. Assist with responding to regulatory exams, inquiries and audits.

Qualifications

1. Strong academic credentials.
2. Minimum of 5 years of relevant experience in Financial Crimes Compliance or related functions, preferably at a large/complex financial institution, law firm, or government/regulatory body.
3. Detailed understanding of the laws, rules, regulations and industry best practice pertaining to economic sanctions, in particular the sanctions programs administered and enforced across US, UK, EU and APAC jurisdictions.
4. Ability to understand and assess a wide variety of complex commercial transactions.
5. Highly-motivated self-starter able to work independently while collaborating as part of a global program.
6. Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment.
7. Strong written and verbal communications skills, attention to detail, and effective time management.
8. Sound judgment and an ability to appropriately escalate issues internally.
9. Strong interpersonal skills and team-player attitude.
10. Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment.

Skills desired

1. Strong understanding of financial markets and banking transactions.
2. Strong project management skills.
3. Experience in configuration of client and transactional screening technologies and management of alert disposition processes.