Compliance Australia, Anti-Money Laundering (AML) Group, Vice President
Position Description
Morgan Stanley's Anti-Money Laundering (AML) Group, an integral part of the global Legal and Compliance Division, is charged with day-to-day oversight and coordination of the AML and Sanctions Program covering all of the Firm's various businesses globally, including Institutional Securities Group (e.g. Fixed Income and Commodities, Global Capital Markets, Institutional Equities, Investment Banking, Wealth Management and Research) and Investment Management .
Morgan Stanley is currently seeking a driven and seasoned professional to assist the Head of Compliance in Australia and the Regional Head of AML Group in coverage of the Australia AML program including, but not limited to:
- AML Policy Procedure
- Advisory
- High Risk Client Reviews
- PEP Reviews
- Client Screening (RDC)
- Payment Screening
- Suspicious Transaction Surveillance Reporting
- OFAC/Sanctions Issues
- Client reviews/enquiries
- Reports Statistics (Local Global)
- Training
- Sensitive Client Reviews
- Thematic Reviews (e.g. High risk tax clients etc.)
- Review Documenting of AML Group Procedures
- Ensuring the program is consistent with Morgan Stanley global programs
Based in Sydney and reporting to the Australia Head of Compliance with a dotted line to the Regional Head of Asia AML Group, this role will be primarily responsible for:
• Advising on, and resolving, potential AML issues which arise across business units and jurisdictions covered by the Asia Pacific AML Group; significant interaction across all business units, and advising on AML compliance
• Supervision of know-your customer and client due diligence processes
• Monitoring of regulatory developments and new rules or requirements
• Oversight and supervision of the filing of Suspicious Transaction Reports (STR)
• Management of projects and client reviews, e.g. review and analysis of the client base to identify and manage high risk clients, or specific country reviews
• Drafting and implementing appropriate AML policies and procedures
• Design and delivery of the AML training program in Australia
• Review and approval of payment exceptions generated through the monitoring of client payments
• Management of day-to-day account opening issues, including approvals of high risk clients, waivers etc.
• Investigation and escalation of transaction monitoring alerts and queries.
• Supervision of transaction monitoring and AML surveillance
Skills Required
- Bachelor's degree
- At least 8 years of relevant experience in AML Compliance, Due Diligence or Regulatory experience preferably in a securities environment
- Experience in the securities or broker-dealer business
- Experience in private wealth management business
- Solid knowledge of securities as well as sales and trading products
- An analytical mind with attention to detail and small team management experience
- Strong oral and written communication skills in English
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