Associate/Manager - GFC Testing (Legal and Compliance)
Job Number:

3239055

POSTING DATE: Jul 18, 2024
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL: Bachelor's Degree
JOB: Other
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Associate
DESCRIPTION

Job Description

Division: Legal & Compliance (LCD)
Super - Department: Global Financial Crimes [GFC]
Department: Financial Crimes
Sub-Department: Financial Crimes
Region: APAC
Job Level: Manager
Job Title: GFC Testing Associate / Analyst
Employment Type: Full Time
Location: Mumbai (Nirlon Knowledge Park)

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 grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence — Mumbai (LCD CoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.

As part of Morgan Stanley's ongoing commitment to prevent and detect money laundering and terrorist financing, the Firm has adopted a comprehensive, risk-based program to ensure compliance with counter- terrorism and AML laws, rules, regulations, and government guidance. The successful candidate will work closely with each of the business unit and regional GFC teams to plan and execute Compliance testing on GFC processes performed by groups outside of GFC, as well as at third party vendors.
QUALIFICATIONS

Primary Responsibilities (Day Job)

Responsibilities include
> 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 Team Lead 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.

Requirements

Experience

> Bachelor's degree from an accredited college / university
> Upto 5 years of compliance 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 is a plus.
> Strong investigative skills: inquiry and analysis, interviewing, testing, organization and presentation (both written and oral), with the ability to research and resolve issues independently.
> Certified Anti-Money Laundering Specialist (CAMS) - Must obtain CAMS certification within 15 months of employment.

Knowledge

> Understanding of AML / KYC
> Should exhibit comfort working with technology and the ability to learn and display proficiency on technical systems and programs.
> Proficient with MS Office

Skills and Qualities

> Team player who can successfully manage multiple projects and priorities
> Ability to think independently, form opinions and make decisions
> Ability to anticipate ahead of time and escalate issues as appropriate
> Pragmatic and analytical problem solving skills - consistently apply sound judgment
> Good interpersonal and written / verbal communication skills with the ability to apply sound reasoning when delivering work
> Ability to work as part of a team and adapt to the needs of the team as they arise
> Successfully meet established deadline requirements — display efficient time management skills
> Possess the ability to research and resolve issues independently
> Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business Units
> Have the ability to effectively handle a fast paced environment
> Ability to identify and recommend process efficiencies
> Attention to detail

Coverage

> Monday to Friday from 9 AM to 6 PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).