PRIMARY LOCATION: Europe, Middle East, Africa-United Kingdom-United Kingdom-Glasgow
Company Profile
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries.
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. Morgan Stanley can provide a superior foundation for building a professional career – a place for people to learn, to achieve and to grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Department Profile
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm’s enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight, and execution of the Firm’s Anti-Money Laundering (AML), Economic Sanctions, Anti-Corruption and Government and Political Activities Compliance, and Anti-Tax Evasion 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. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions, anti-corruption and anti-tax evasion obligations and its clients and transactions.
Background on the Team
As part of Morgan Stanley’s ongoing commitment to prevent and detect financial crimes, the Firm has adopted a comprehensive, risk-based program to ensure compliance with applicable laws, rules, regulations, and government guidance.
The successful candidate will work closely with each of the business unit and regional GFC teams to execute planning, fieldwork, and reporting on financial crimes-related processes and controls performed by groups within and outside of GFC, as well as at third-party vendors.
Reporting Lines
This role reports to the Vice President of GFC Testing in Glasgow. The role does not have direct reports.
Primary Responsibilities
The GFC Process Testing / Assurance Manager will:
Assist with the development, implementation and execution of the annual risk based GFC test plan.
Conduct all phases of testing to assess the design and operational effectiveness of the Firm’s financial crimes processes and controls, under the supervision of the Director and/or Vice President of GFC Testing.
Assist with defining test scopes and designing specific testing steps for each applicable area for assessment.
Perform walkthroughs of processes and analyze transaction samples targeted for testing to identify areas for enhancement to policies, procedures, and controls.
Communicate test results to the Vice President of GFC Testing and Global Head of GFC Testing
Participate and/or lead discussions to present identified issues and corrective action plans to relevant stakeholders.
Participate in the preparation of written reports and other deliverables.
Maintain detailed and organized documentation of work product.
Utilize the Firm’s online system for documenting the performance of tests by the team
Track the status of and verify the completion of action plans by stakeholders.
Coordinate and collaborate with team members and other professionals in the organization, including GFC Advisory teams, other Monitoring and Testing Groups, and Internal Audit.
Maintain familiarity with the systems utilized by the Firm to address AML, sanctions, and anti-corruption.
Remain current on industry rules, regulations, and best practices to help ensure that the testing program meets regulatory standards.
Work on ad-hoc projects, as requested.
Qualifications - External
Skills required (essential)
University degree with strong academic credentials
Compliance process and control testing and/or internal/external audit experience, preferably with experience in Anti-Money Laundering, sanctions and/or anti-corruption.
Prior experience at a large financial institution, regulatory agency, or “Big 4” consultancy
Excellent interpersonal skills, oral and written, necessary to work effectively with colleagues in different regions and business units, and to describe complex issues accurately and succinctly.
Excellent time management skills with ability to manage and execute multiple priorities and tasks within tight deadlines, with the skills to adapt to changes in a fast-paced environment.
Strong attention to detail.
Strong investigative skills: inquiry and analysis, interviewing, testing, organization and presentation (both written and oral), with the ability to research and resolve issues independently.
Experience in using Microsoft Office, Excel and Word, data analytics experience is a plus.
Self-motivated and a team player.
Certified Anti-Money Laundering Specialist (CAMS) - Must obtain CAMS certification within 15 months of employment.
Professional Certifications (Desirable):
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.