Director - Global Financial Crimes, Sydney
Oct 19, 2020
Non-Japan Asia-Australia-New South Wales-Sydney
DESCRIPTIONAbout The CompanyMorgan 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 747 offices in 42 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.About The TeamGFC Australia is responsible for ensuring the business is in compliance with the anti-money laundering and counter terrorism financing (AML/CTF) laws and regulations of Australia as well as the internal Morgan Stanley firm-wide GFC policies and procedures. Our mandate covers all areas of FC including Money Laundering, Terrorism Financing, Sanctions, Bribery and Corruption, Tax-Evasion, and aspects of Fraud and Franchise Risk. The GFC Australia team supports all AML/CTF-regulated legal entities and lines of business in Australia, including Wealth Management (WM) and Institutional Securities Group (ISG), including investment management (IM), Institutional Equities Division and Fixed Income Division (IED/FID) and Investment Banking Division and Global Capital Markets (IBD/GCM).Key AccountabilitiesAML/CTF laws and regulations Assist the Head of GFC Australia in staying abreast of proposed changes and updates to the Australian AML/CTF laws and regulations that impact the AML/CTF obligations of the regulated Morgan Stanley legal entities given the designated services they provide. Work with fellow Global GFC team members and committees inside and outside Australia to stay abreast of changes to the AML/CTF laws and regulations in other locations that may have an impact within the Australian business units (e.G. UK, US)AML/CTF Policy/Program and Procedures Assist the Head of GFC Australia in maintaining and improving the Australian AML/CTF Program, taking into account the impact of changes in the local regulations and global internal policies. Work with fellow Global GFC team members and committees to give feedback and design appropriate global-level policies and procedures. Engage with and provide feedback to the Global GFC Team responsible for the Enterprise-wide Client Risk Ranking (ECRR) engine (e.G. proposed changes and the impact on Australian clients). Ensure the desk operating procedures of the Australia GFC Team are continuously being updated and optimized in terms of efficiency and effectiveness.
GFC Testing Reviews/Internal Audits/Regulatory Assessments Assist the various assessment teams with sourcing their Requests-for-Information and ensure the review is executed in an overall sound and timely manner.Day-to-day Management of the KYC Advisory Function Engage with other members of the GFC Australia Team in order to coordinate and manage the timely and appropriate responses to AML-relevant queries and approval requests received from the business units regarding Know Your Customer (KYC) and Customer Identification Procedures (CIP), Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), Customer Risk Rating, politically exposed persons (PEPs) and KYC/CDD Periodic reviews. Conduct second level review and approvals on certain higher level requests such as enhanced due diligence (EDD) for high-risk clients and politically exposed persons (PEPs). Ensure work items and cases have been tracked on the appropriate registers and systems, where applicable.Escalations/Investigations/Suspicious Matters Receive client escalations from the business unit and coordinate appropriate investigative and/or suspicious matter reporting actions. Escalating incidents of suspicious matters to the Money-Laundering Reporting Officer and file such reports to AUSTRAC via the online portal as delegated authority. Ensure cases have been tracked on the appropriate registers and systems, where applicable.Risk Assessment/ New Product Approvals (NPA) Assist members of the GFC Australia team in completing the annual AML/CTF Risk Assessment and participant in the NPA Committee for any new products/services, strategies, delivery channels, technology, etc. providing a view on any AML/CTF risks posed. Provide input for compiling materials and attend as delegate the various risk management committees that Australian GFC is a member of.Monitoring and Screening Engage with other members of the GFC Australia Team in order to coordinate and manage the timely and appropriate responses to escalated client and transaction OFAC/sanctions screening alerts, transaction monitoring system alerts and negative news/ PEP alerts. Coordinate appropriate investigative and/or suspicious matter reporting actions for ?positive? screening and monitoring hits/matches. Identify potential additions to the Firm?s various watch lists. Ensure cases have been tracked on the appropriate registers and systems, where applicable. Participate in Global GFC Model testing team testing, tuning and recalibration efforts where local input is required.Tracking and Reporting Ensure the GFC Australia team members are maintaining registers for all key work items and matters, and reporting complete and accurate key metrics on a regular basis.Training and Coaching Assist in delivering training to business and support units on any of the above, when required. Act as a mentor and provide ongoing on-the-job training and coaching to the more junior members of the GFC Australia team.
QUALIFICATIONSKey Competencies/ SkillsHave a strong level of understanding and working knowledge of the Australian AML/CTF laws and regulations, particularly as they pertain to CIP/KYC/CDD.Have a strong level of understanding and working knowledge of an AML/CTF Program - Part A and B.Ensure advice given by the GFC team members to the business that is in line with Morgan Stanley?s AML/CTF Program and Global Standards requirements.Develop excellent rapport and partnership with key counterparties and stakeholders within the Australian business units and GFC globally.5-10 or more years? employment experience in AML/CTF compliance or relevant equivalent position in the business unit.Experience working with an AML-regulated financial service provider that provides services to retail and institutional clients.University undergraduate degree or equivalent tertiary education.Equal Opportunity StatementMorgan 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