Morgan Stanley Looking for Associate – Sanctions Screening (Legal and Compliance) at Mumbai Full Time

Job details

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Job type

Full-time

Shift and schedule

Monday to Friday

Associate – Sanctions Screening (Legal and Compliance)

Job Number:

3244712

POSTING DATE: Nov 23, 2023

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: Associate
Job Title: GFC Sanctions Associate
Employment Type:

Full Time
Location: Mumbai (Nirlon Knowledge Park)

Firm

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.

Division

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.

QUALIFICATIONS

Team: Sanctions Screening

Morgan Stanley clients and their associated parties are screened to meet AML / KYC requirements. Existing client are subject to ongoing screening against various Sanctions lists such as OFAC, HMT etc.

Primary Responsibilities (Day Job)

The Sanctions Screening Analyst will:
Review alerts that have been escalated / referred to by 1st line team.
Perform research to confirm whether the sanctions alert is a positive match or false positive to the client, or whether the alert is deemed to be not risk-relevant, and document findings.
Escalate any possible true hits to the relevant onshore GFC team.
Identify, communicate, and remediate process breakdowns and best practices.
Ensure that the alerts processed are accurate and completed within the specified time period.
Participate in team meetings.

Actively participate in MI calls with Regional teams and identify the trends.

Requirements

Experience

Up to 3 years of Corporate Intelligence, due diligence; experience in the financial or professional services industries
Solid track record working in a professional environment
Bachelor’s degree from an accredited college / university

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).

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

▶️ Associate – Sanctions Screening (Legal and Compliance)
🖊️ Morgan Stanley
📍 Mumbai