The GFC Monitoring and Screening Controls team is a central program management team of specialists and experts responsible for managing complex, cross-functional initiatives as well as the development, enhancement and governance of technology controls that support the Firm's AML, KYC and Sanctions obligations. The remit of the team includes suspicious activity/AML transaction monitoring, sanctions evasion controls (including name and transaction screening, sanctioned securities controls, geo-location monitoring), negative news and politically exposed persons screening, customer activity reviews and the Enterprise Customer Risk Ranking program.
Description:
We're looking for experienced Sanctions Controls professional to join the GFC Monitoring and Screening Controls team to drive and enhance the Firm's economic sanctions controls, specifically driving and transforming controls around Geo-Location and Sanctioned Securities. This central role will focus on strengthening the Firm's ability to identify and mitigate sanctions evasion risks associated with customer login locations, and with trading activity. The candidate will ultimately be responsible for all non-screening related sanctions evasion controls and will plan and oversee the end-to-end execution of complex projects (technical and non-technical) to transform these programs.
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The successful candidate will collaborate with GFC's Advisory, Sanctions Compliance and Sanctions Counsel teams, and work very closely with the Firm's Business Units, Operations, and Technology teams while leveraging their strong technical expertise and knowledge of trading and middle-office systems to develop and enhance automated control frameworks.
This position report will report to the Head of GFC Sanctions Controls.
Responsibilities
- Establish and oversee the Firm's end-to-end sanctioned securities controls, ensuring compliance with applicable sanctions programs (e.g., OFAC, EU, UK, UN, etc.)
- Develop platforms to automate and streamline processes related to position exposure searching, blocked property management and regulatory reporting (e.g., ORI reporting)
- Establish and oversee the Firm's geo-location monitoring and IP access controls to identify potential sanctions evasion attempts
- Support the business-as-usual sanctions evasion controls, including process improvements, technology upgrades, and regulatory imperatives.
- Collaborate with team members and external stakeholders to communicate project status to senior management and to identify and resolve project challenges, and escalate risks and issues as needed.
- Provide US-hours support for ad-hoc inquiries from first line risk, business and operations groups and internal GFC Sanctions Compliance Officers with respect to the sanctions controls program
- Assist with responding to regulatory exams, inquiries and internal audits, including overseeing document production
- Participate in the development and implementation of policies, procedures and training programs related to financial crime risk management.
- Facilitate and attend key governance forums (working groups, steering committees, etc.), partnering with senior stakeholders to develop materials, streamline processes and addressing challenges to drive decision making
- Support the ongoing creation of key performance and key risk metrics
- Identify opportunities to improve the effectiveness and efficiency of the overall Program
- Maintain awareness of regulatory changes related to economic sanctions, ensuring the screening controls environment facilitates the Firms compliance with any change in laws and regulations.
- Bring thought leadership and experience to the Program, empowered to make changes to optimize and streamline existing processes
- Help to drive innovation and continuous improvement within the GFC Monitoring and Screening Program through the management of related strategic projects as well as the development and implementation of global frameworks
What we're looking for in you:
- 8+ years relevant work experience, preferably at a large/complex financial institution with a focus on sanctions controls, financial crimes controls, trading operations and/or risk management
- Strong understanding of financial markets, including Operations/Middle-office trade processing functions
- Knowledge of global sanctions programs administered and enforced across Americas and EMEA (e.g., OFAC, OFSI, UNSC), and the relevant control environments to mitigate sanctions evasion risk
- Proven ability to take ideas forward and to challenge others with integrity and maturity
- Strong organizational skills and an ability to manage multiple demands and changing priorities
- Excellent written and verbal communication skills, with the ability to present complex information in a clear and concise manner, including experience collating information in response to regulatory and other related inquiries
- Experience scoping, developing and prioritizing plans for strategic pieces of work
- Ability to identify, monitor and manage project risks, issues and dependencies and agree appropriate risk responses
- Technology savvy with ability to quickly learn new systems and tools, and to identify and implement enhancements;
- Familiar with Agile methodology and relevant productivity software such as Jive, Jira, and Tableau
- Ability to perform analysis, identify problems, and design solutions in a collaborative manner within a fast-paced environment
- Outstanding judgement, analytical skills, and critical thinking, including ability to analyze data to draw conclusions/themes and think strategically about presentation of materials
- Ability to work in a proactive and self-directed way with minimal direction and task management
- Strong interpersonal and teamwork skills
- Excellent MS Office skills, including Excel, PowerPoint, and Teams
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.
We're committed to bringing passion and customer focus to the business.
Expected base pay rates for the role in New York will be between $90,000 and $200,000 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).