Global Financial Crimes: Capital Markets Sanctions Compliance Director (AVP) Glasgow, Scotland
Morgan Stanley
Full Time
Glasgow, Scotland
10.56 - 12.04 GBP Today
Job description
Global Financial Crimes: Capital Markets Sanctions Compliance Director (AVP)
Job Number:
3240310
POSTING DATE: Aug 11, 2023
PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-Glasgow
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Director
DESCRIPTION
Global Financial Crimes: Capital Markets Sanctions Compliance – Director (AVP)
Glasgow
Glasgow
3240310
The Capital Markets Sanctions Compliance Director will be based in Glasgow and will be responsible for overseeing and building strategic enhancements to the control framework established for sanctioned products, as well as providing programmatic advice in support of the Morgan Stanley Global Sanctions Programme.
The Capital Markets Sanctions Compliance Director will be part of a team of financial crimes specialists collectively responsible for compliance and regulatory matters pertaining to economic sanctions programmes 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”).
About Morgan Stanley
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.
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. We 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.
What will you be doing?
- Oversee the Firm’s Sanctioned product control framework, including managing the addition and deletion of sanctioned products, ensuring appropriate controls are implemented across firm trading platforms and product databases, and liaising with legal, compliance, business, operations, and technology stakeholders to improve control efficacy and efficiency.
- Assist in compiling MI on sanctioned product exposure.
- Perform additional ad hoc research to identify impacted issuers and products pursuant to newly issued sanctions requirements.
- Review and investigate escalated products 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, including CMIC related inquiries and sanctioned product queries from regional business and risk groups.
- Assist in the ongoing development, administration, and implementation of the Firm’s economic sanctions compliance programme.
- Maintain awareness of regulatory changes related to economic sanctions, and working with the broader Sanctions Compliance team, ensuring proper communication and timely implementation of new controls or restrictions 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 programmes.
- 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 programme.
- Assist with responding to regulatory exams and inquiries and internal audits, including overseeing document productions.
What we’re looking for:
- Experience providing operational or advisory support for trading in equities, bonds, notes and derivatives.
- Understanding of the laws, rules, regulations and industry best practice pertaining to economic sanctions, in particular by OFAC, OFSI and the EU.
- Highly-motivated self-starter able to work independently while collaborating 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.
QUALIFICATIONS
Skills that will help you in the role:
- Strong understanding of financial markets and banking transactions and a general understanding of the current regulatory environment and securities regulation and rules.
- Strong project management skills.
- Experience in configuration of client and transactional screening technologies and management of alert disposition processes.
Certified Persons Regulatory Requirements:
This role is deemed as a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement:
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Internal Applicants:
Internal mobility can be a way to grow your career and realize your professional potential. Typically, you must be in your position for at least 18 months and performing satisfactorily before applying for another job at the Firm. Internal applicants can find out more regarding career navigation, mobility guidelines and policy on our employee portal by clicking here.
Equal opportunities statement:
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.
