Global Financial Crimes Sanctions Director (AVP)

Morgan Stanley•New York, NY

5d•$90,000 - $155,000•Hybrid

About The Position

We are seeking someone to join our team as a Global Financial Crimes (GFC): Sanctions Compliance Professional. 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 level position within the Compliance team, where you will be responsible for 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 Council) Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world. In Global Financial Crimes (GFC), you will play a critical role in identifying potentially suspicious activity, protecting vulnerable individuals, and safeguarding the integrity of the financial system. GFC coordinates day-to-day implementation of the Firm's financial crime prevention efforts. Including governance, oversight, and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs. If you are passionate about financial crimes prevention, seeking a rewarding and dynamic career, and focused on making a difference, then GFC might be the right team for you. What you'll do in the role: 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 Work 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 and inquiries and internal audits, including overseeing document productions Collect, interpret, and escalate metrics and other management information regarding sanctions compliance-related events. What you'll bring to the role: Strong academic credentials 5+ 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 Experience in configuration of client and transactional screening technologies and management of alert disposition processes Strong project management skills 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 Where you'll be working: This role will require in office attendance 3 days/week. Two of those days will be Anchor Days where you will be in the office with your teammates to learn, grow, and collaborate in person. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between 90000 and 155000 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).

Requirements

Strong academic credentials
5+ 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
Experience in configuration of client and transactional screening technologies and management of alert disposition processes
Strong project management skills
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

Responsibilities

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
Work 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 and inquiries and internal audits, including overseeing document productions
Collect, interpret, and escalate metrics and other management information regarding sanctions compliance-related events.