EMEA Global Financial Crimes Assurance - VP

Title - EMEA Global Financial Crimes Assurance - VP

Location – Glasgow

Level – Vice President

JR029919

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

Department Profile

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-Tax Evasion (ATE), Anti-Boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.

Team Profile

The team help deliver the Financial Crimes Testing Plan, which provides independent assurance that the Firm is meeting its regulatory obligations and has controls in place to reasonably mitigate AML, Sanctions, ATE, and ACG risks. The purpose of Testing is to conduct independent, backward-looking, point-in-time assessments to provide assurance that Financial Crimes procedures, processes and controls are reasonably designed and working effectively.

The Testing program covers all applicable Morgan Stanley businesses that could be exposed to financial crimes risks and the team covers EMEA and Global scope.

Primary Responsibilities

As a Vice President of the EMEA Financial Crimes Assurance / Testing Team, the candidate will have several areas of responsibility including, but not limited to, the following:

· Lead and manage the development, implementation and execution of risk-based Financial Crimes testing on design adequacy and operating effectiveness of the Firm’s financial crimes procedures, processes and controls.

· Responsible for ensuring timely completion of applicable tests within the annual test plan and timely completion of action plan closure verification.

· Guiding team members in all phases of a test (including scoping and designing specific testing steps, test report drafting) and review work product completed by team members

· Communicate test results, present identified issues to the business, operations and GFC management, and work with the business and other stakeholders to develop corrective action plans to remediate findings, where applicable

· Present test plan, status and results in management meetings

· Communicate and coordinate with other professionals in the organization, including GFC advisory teams, other Monitoring and Testing Groups and Internal Audit

· Remain current on industry rules, regulations and best practices to help ensure that the testing program meets regulatory standards

· Help enhance the Financial Crimes testing program as it evolves, liaising with relevant global teams, and contributing to global discussions on testing matters and sharing best practice

Skills required

· The ideal candidate will have over 10 years Testing/Monitoring/Assurance or Audit experience at a financial institution

· Excellent communication skills – written and oral, and ability to describe complex issues accurately and succinctly

· Experience in interpreting regulatory risk, laws, or regulations

· Experience in team management and leading teams to complete assignments· Understanding of audit and testing processes and approaches

· Excellent time management skills, attention to detail, and ability to execute tasks within tight deadlines

· Ability to facilitate meetings among stakeholders with diverse points of view

· Good interpersonal skills and ability to work effectively with colleagues across regions globally, and Business Units

· Previous demonstrable experience of managing and developing junior staff

Skills desired

· Has the ability to effectively handle a fast-paced environment and successfully meet established deadline requirements

· Developed investigative skills: inquiry and analysis, interviewing, testing and organization, including strong attention to detail

· Ability to research and resolve issues independently while working across teams to acquire information

· Ability to work effectively on multiple tests with different individuals at the same time

· Ability to manage multiple priorities and tasks with the skills to adapt to changes in a fast-paced environment

· Excellent time management skills and ability to execute tasks within tight deadline

· Excellent interpersonal skills necessary to work effectively with colleagues of all levels of seniority across regions and business units; able to question and challenge established processes

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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.

Certified Persons Regulatory Requirements:
If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.

Flexible work statement
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.