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), Sanctions, 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.
Reporting Lines
This role reports to the Head of GFC Advisory for E*TRADE and Morgan Stanley at Work.
Primary Responsibilities
The E*TRADE and Morgan Stanley at Work GFC Advisor will be part of a team that focuses on the anti-money laundering and other financial crime related obligations associated with the Firm's digital brokerage and directed share program businesses. The group focuses on a variety of tasks, including providing financial crimes related advice and guidance to the E*TRADE and Morgan Stanley at Work businesses regarding customer onboarding, client relationship evaluations and new product offerings, and serving as an escalation point for AML, sanctions, corruption and tax evasion issues.
Specific job responsibilities include:
>Provide guidance and direction to business and compliance teams on issues related to AML, sanctions, and anti-corruption laws and regulations, including the USA PATRIOT Act, Bank Secrecy Act, OFAC/HMT regulations, U.S. Foreign Corrupt Practices Act (FCPA), UK Bribery Act, etc.
>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, counterparties, co-investors, and target companies/assets and provide guidance to the business on due diligence requirements
>Serve as point of escalation and provide support in connection with regulatory interpretation and application of facts in connection with policies
>Identify and escalate client matters with significant reputational risk and potential financial crimes exposure
>Assist in identifying and reporting suspicious activity
>Drive compliance with the Firm's Global KYC Standards across the Firm
>Assist with GFC's responses to U.S. regulatory exams and other inquiries, and internal audits, including overseeing document productions
>Lead special projects arising from the administration of the WM and Banks Financial Crimes program
>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 WM financial crimes prevention program
>Coordinate execution of WM and Banks Financial Crimes program changes with key stakeholders (Operations, Technology, Compliance, and GFC)
Skills required
Candidates must have:
>4-year college degree with strong academic credentials
>5 to 7 years of relevant experience, preferably at a large/complex financial institution, law firm, or government/regulatory body
>Ability to understand and assess a wide variety of complex products, services and client types
>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
>Excellent written and verbal communications skills and attention to detail
>Strong project management skills
>Sound judgment and an ability to appropriately escalate issues internally
>Proven ability to handle highly confidential information with appropriate discretion
>Outstanding interpersonal skills and team-player attitude
>Proficiency with MS Word, Excel, PowerPoint, and Outlook
>Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license or certification within 15 months of hire.
>Strong understanding of financial markets
>Highly responsive team player who can think independently
>Ability to maintain a positive and professional attitude in a fast-paced environment
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role in New York will be between 85000 and 135000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.