We are seeking a Global Financial Crimes Investment Management Advisory Director.
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Tax Evasion, Anti-Corruption 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.
The Investment Management (IM) Financial Crime Advisory group focuses on the financial crimes obligations associated with the Firm's IM businesses, including Registered Mutual Funds, Investment Advisory Mandates, Private Equity, Private Credit, Real Estate and Fund of Fund Investing.
What you'll do in the role:
The IM Financial Crimes Advisory Professional will be based in New York and will ultimately report to the Global Head of Service Provider Oversight. The IM Financial Crimes Advisory Professional will be tasked with responsibility for the day-to-day execution of the overall IM financial crimes program including overseeing the third-party service providers, with a focus on AML, for the IM businesses at Morgan Stanley, including Eaton Vance.
Specific job responsibilities include:
- Serve as point of escalation and provide support in connection with Know Your Customer (KYC) onboarding, enhanced due diligence and transactional due diligence matters
- Conduct due diligence on new and pre-existing service providers that are contracted for financial crimes processes
- Assess monthly and quarterly management reporting for failures in the escalation process from the service providers
- Conduct site visits to the service providers as part of oversight functions and tests
- Develop quarterly and annual board reporting for the Public and Private Side fund boards.
- Assist in the review and approval of New Product Approvals across IM
- Review sanctions escalations from internal and external parties
- Identify and evaluate financial crimes risks related to clients, counterparties, and/or transactions
- Develop and communicate a GFC risk view with respect to clients, counterparties, and/or transactions
- Address inquiries from BUs, Risk, Legal, Compliance, and other first- and second-line functions on customer onboarding
- Represent IM Financial Crimes Advisory on various business, compliance, and risk governance and other committees;
- Draft/revise and execute on policies and procedures
- Providing financial crimes subject matter expertise on changes in regulatory requirements and serving as an effective advisor to the BUs, Legal, Risk and Operations on financial crimes matters
- Deliver training to the BUs, Risk, Legal, Compliance and other first-line and other support functions
- Serve as point of escalation and provide support in connection with regulatory interpretation and application of facts in connection with policies
- Liaise and coordinate within GFC and with key stakeholders across the Firm, including Legal, Compliance, Regulatory Relations, and Risk, to ensure appropriate execution of the Firm's enterprise-wide financial crimes prevention program
What you'll bring to the role:
- Bachelor's degree required
- 5 + years of relevant experience, preferably at an asset manager, large/complex financial institution, law firm, or government/regulatory body
- Detailed understanding of the laws, rules, and regulations pertaining to AML as well as sanctions and anti-corruption
- Solid knowledge of Asset Management, including Registered Mutual Funds, Investment Advisory Mandates, Private Equity, Private Credit, Real Estate and Fund of Fund Investing
- 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
- Exceptional written and verbal communications skills, attention to detail, and effective time management
- Sound judgment and an ability to manage and appropriately escalate issues internally
- Outstanding interpersonal skills and team-player attitude
- CAMS certified - be certified as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or obtain certification within 15 months of hire
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 89 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).