Company ProfileMorgan 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 ProfileGlobal Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes both legal and compliance disciplines and 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. 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.Primary ResponsibilitiesThe Sanctions Compliance Officer will provide support on economic sanctions related business and programmatic oversight and advice under the Global Sanctions Program.The individual 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 CouncilSpecific job responsibilities include:- Assist in the ongoing development, administration, and implementation of the Firm's economic sanctions compliance program.- Review and investigate escalated payments and/or transactions identified for potential matches to sanctions lists; ensure prompt handling and response.- Address sanctions related queries from first line risk, business and operations groups with respect to sanctioned products and related risks- Working with GFC business advisory and legal teams, provide written and verbal communication on issues to the lines of business, performing and reviewing highly sensitive client and transaction search information, reporting, escalating and documenting results.- Draft, maintain and implement economic sanctions policies and procedures, where appropriate.- Maintain awareness of regulatory changes related to economic sanctions, ensuring proper communication and timely implementation of new procedures and/or enhanced due diligence programs in compliance with any change in laws and regulations.- Develop, recommend, and implement risk-based processes and controls to ensure business unit compliance with economic sanction, especially emerging regimes and programs.- Develop content for and deliver specialized training to relevant internal audiences concerning economic sanctions for both in-person and Firm-wide online training modules.- Coordinate with the Risk Assessment team on the yearly economic sanctions Risk Assessment.- Conduct ad hoc due diligence projects arising from the administration of the economic sanctions program.- Assist with responding to regulatory exams/inquiries and internal audits.- Collect, interpret, and escalate metrics and other management information regarding sanctions compliance-related events.Skills required- Strong academic credentials.- Minimum of 5-7 years of relevant experience, preferably at a large/complex financial institution, law firm, or government/regulatory body.- Detailed understanding of the laws, rules, regulations and industry best practice pertaining to economic sanctions, in particular the sanctions programs administered and enforced across EMEA and by OFAC.- Ability to understand and assess a wide variety of complex commercial transactions.- 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.- Strong written and verbal communications skills, attention to detail, and effective time management.- Sound judgment and an ability to appropriately escalate issues internally.- Strong interpersonal skills and team-player attitude.- Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment.Skills desired- Strong understanding of financial markets and banking transactions.- Strong project management skills.- Experience in configuration of client and transactional screening technologies and management of alert disposition processes.Expected base pay rates for the role in New York will be between 110000 and 190000 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.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).
