Dir, P3, Oversight, Monitoring and Testing : Job Level - Director

We’re seeking someone to join our team as a GFC Program Oversight Director to Act as an advisor to the business in relation to Anti-Money Laundering matters including due diligence, money laundering, sanctions prevention.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk.

This is a Director (AVP-Equivalent) position within (MSESE) Global Financial Crimes (GFC), which coordinates day-to-day implementation of the Firm’s enterprise-wide financial crime prevention efforts. MSESE GFC includes both legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm’s Anti-Money Laundering, Anti-Terrorist Financing, Sanctions, Anti-Bribery & Corruption, Anti-Tax Evasion and other Criminal Offences Prevention (together “Financial Crimes”) programs. MSESE 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. MSESE GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its GFC obligations and its particular clients and transactions.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

• Update and develop the group-wide financial crime risk analysis and provide input for the Firm’s Global Risk Assessment;
• Support the derivation of control and oversight activities based on the outcome of the risk analysis and conduct of Financial Crimes related control and monitoring activities;
• Coordinate key governance meetings with a range of stakeholders on branch and group level to ensure compliance with regulatory and internal group requirements;
• Create, review and maintain local Financial Crimes related policies, procedures, and other related documentation to facilitate compliance with the German Anti-Money Laundering Act and section 25h of the German Banking Act as well as current Firm and regulatory requirements;
• Conduct regulatory research of Financial Crimes related legal and regulatory rules; Implementation of any enhancements as required, e.g. arising from regulatory enquiries, risk assessments, audit findings, lesson learned;
• Supervise financial crimes compliance related outsourcings according to European Banking Association (EBA) guidelines and Morgan Stanley Group standards, including oversight calls with key stakeholders and onsite visits;
• Timely Suspicious activity report filing with the relevant authorities;
• Coordinate and respond to regulatory and law enforcement enquiries as well as assist in GFC’s preparation for regulatory visits and audits.

• What you’ll bring in the role:
• 2-6 years of relevant professional experience at a financial institution, audit firm or consultancy
• Financial Crimes knowledge, including knowledge of German Anti-Money Laundering / Counter Terrorist Financing rules and regulations;
• Knowledge of the regulatory landscape, in particular outsourcing, financial crime risk analysis and criminal offences under section 25h KWG preferred;
• Understanding of financial markets and products (in particular Equities, Fixed Income, Commodities and Investment Banking/Capital Markets, Asset/Investment Management);
• Be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within 15 months of hire.
• What will help you in the role:
• Fluent in German and English;
• Demonstrate a high level of attention to detail;
• Possess strong written and verbal communications skills;
• Have excellent interpersonal skills and ability to work effectively with colleagues across the Legal and Compliance Division (in Germany, across the Firm's EMEA offices and in other regions) and other Infrastructure and Control Functions (e.g. Financial Crimes Risk; Operational Risk Department; Operations);
• Possess strong analytical thinking and critical reasoning skills;
• Have the ability to effectively handle a fast paced environment and work to tight deadlines; be able to re-prioritise work in response to changes in business needs, without compromising standards;