GFC KYC (Know Your Customer) Coverage Officer

Job description

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 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 and anti-corruption obligations and its particular clients and transactions.

Background on the Team
The GFC Core Functions Group coordinates and supports critical aspects of Morgan Stanley's AML, Economic Sanctions, Anti-Corruption, and Government and Political Activities Compliance Program, promoting consistency across business lines and regions in its day-to-day implementation. The Core Functions Group includes the traditional compliance pillars: Risk Assessment, Policies, Training, Monitoring Controls, Quality Assurance, Testing, and KYC.

Background on the Position
The KYC Office, led by the Global KYC Officer, is responsible for the development and maintenance of globally applicable customer identification, customer due diligence, enhanced due diligence, and other KYC policies and procedures (the “Global KYC Policies”). The Office collaborates with AML Coverage Managers and other representatives of the Legal and Compliance Department as well as stakeholders from the Business Units, Operations, and IT on the development and implementation of regional and business line KYC policies and procedures that comport with the program standards established by the Global KYC Policies. The KYC Office is responsible for the substantive support of any KYC program enhancements to meet new legal requirements, evolving regulatory expectations, industry best practices and self-identified program needs

Reporting Lines
The KYC Coverage Officer reports to the Global KYC Officer.

Primary Responsibilities
The Deputy KYC Officer will:
-Assist in the development and maintenance of global, regional, and business-specific KYC policies and procedures
-Advise stakeholders on the execution of KYC-related policies and procedures
-Participate in internal, external, and regulatory audits and examinations that have KYC policy and procedure components and provide assistance for any resulting program enhancements
-Support special projects identified by the Global KYC Officer and the Head of GFC Core Functions

Desired profile

Skills required (essential)
Candidates must:
Required Experience
-Have a 4 year college degree with strong academic credentials
-Have 3-5 years of professional experience in an AML, Compliance, Audit or Risk Management capacity within the financial services industry

-Have internal MS experience with WM or IBD/GCM business line

Knowledge
-Have extensive knowledge of client onboarding, AML, KYC and EDD
-Have a strong knowledge of the securities regulatory environment including familiarity with various regulatory authorities (e.g., Office of the Comptroller of the Currency, Federal Reserve, OFAC, Financial Crimes Enforcement Network, Financial Conduct Authority, etc.)
-Possess a strong understanding of financial markets and banking
-Maintain awareness of current laws, rules and regulations
-Have strong interpersonal skills and ability to partner with key stakeholders to develop practical solutions that meet business needs while remaining compliant with applicable laws and regulations
-Have strong written and verbal communications skills, attention to detail and effective time management skills
-Possess the ability to manage both small and large projects
-Possess the ability to research and resolve issues independently while working across teams to acquire information
-Be able to handle highly confidential information professionally and with appropriate discretion
-Possess strong analytical thinking and critical reasoning skills
-Have the ability to effectively handle a fast paced environment and successfully meet established deadline requirements
-Be self-motivated and have the ability to work independently
-Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license – or certification within 15 months of hire.