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.
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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), Sanctions, Anti-Tax Evasion, 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.
The Sanctions Counsel will be part of a global team of in-house financial crimes specialists collectively responsible for coverage of legal, compliance, and regulatory matters pertaining to AML, sanctions, and anti-corruption issues for all business units. This role will focus primarily on economic sanctions legal and regulatory issues, in particular advice and counsel to promote compliance with programs administered by the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) as well as EU-based sanctions regulatory authorities. This role will also include aspects of AML and anti-corruption legal coverage in concert with the broader global GFC Legal team.
Specific job responsibilities include:
Provide legal advice and support to business and compliance teams on issues related to sanctions, AML, and anti-corruption laws and regulations, including those promulgated by the Office of Foreign Assets Control (OFAC) / HM Treasury / United Nations Security Council / Council of the European Union, as well as anti-boycott regulations, export controls, USA PATRIOT Act, Bank Secrecy Act, U.S. Foreign Corrupt Practices Act (FCPA), UK Bribery Act, etc.
Draft and negotiate contractual provisions pertaining to pertaining sanctions, AML, and anti-corruption across all business lines
Review and advise on transactional due diligence pertaining to sanctions, AML, and anti-corruption
Review, interpret, and advise on relevant laws and industry best practices pertaining to sanctions, AML, and anti-corruption, with specific focus on maintaining awareness of regulatory changes related to economic sanctions
Assist, and work with outside counsel as necessary, in representing the Firm before regulatory authorities in matters related to sanctions, AML, and anti-corruption legal issues
Assist the Sanctions Compliance team with OFAC filings and other regulatory submissions
Assist with responding to U.S. regulatory exams and other inquiries, and internal audits, including overseeing document productions
Develop content for and deliver specialized training to relevant internal audiences concerning sanctions, AML, and anti-corruption legal issues
Provide support for special projects arising from the administration of the GFC program
Liaise and coordinate within GFC and with key stakeholders across the Firm, including Legal, Compliance, Global Regulatory Relations, and Risk, to ensure appropriate execution of the Firm’s enterprise-wide financial crimes prevention program
Candidates must have:
Juris Doctor (JD) degree with strong academic credentials
Minimum of 8 years of relevant experience, preferably at a large/complex financial institution, law firm, or government/regulatory body
Detailed understanding of the laws, rules, and regulations pertaining to economic sanctions, in particular the sanctions programs administered and enforced by OFAC and in the EU
Ability to understand and assess a wide variety of complex commercial transactions
Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment
Exceptional written and verbal communications skills, attention to detail, and effective time management
Strong project management skills
Sound judgment and an ability to appropriately escalate issues internally.
Proven ability to handle highly confidential information professionally and with appropriate discretion
Outstanding interpersonal skills and team-player attitude
Proficiency with MS Word, Excel, PowerPoint, and Outlook
Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment
Strong understanding of financial markets and banking transactions
Relevant government or regulatory experience (i.e., OFAC, State Department, UN)
Internal Number: 3172022
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