EMEA Financial Crime Coverage Associate

PowerToFly; Glasgow; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial services firm in Glasgow is looking for an EMEA Financial Crime Coverage Associate. The role involves conducting due diligence on higher risk clients, providing advisory on financial crime, and support for compliance initiatives within the Legal & Compliance division. Candidates should have at least 4 years of relevant experience and a university degree, along with strong communication and stakeholder management skills. The position requires in-office attendance for at least three days a week.

Benefits

Comprehensive employee benefits

Flexible working opportunities

Diversity and inclusion support

Qualifications

• At least 4 years' experience in financial crime risk management.
• Demonstrable experience managing risk issues in financial institutions.
• Strong knowledge of Know Your Customer requirements.

Responsibilities

• Conduct due diligence reviews for higher risk clients.
• Provide advisory on financial crime and client risk.
• Review enhanced due diligence and analyze corporate structures.

Skills

Stakeholder management

Strong communication

Financial crime risk assessment

Education

University degree or equivalent

Tools

Anti-Money Laundering Certification (ACAMS)

Job description

EMEA Financial Crime Coverage Associate

Glasgow | JR024029

We are seeking someone to join us as an EMEA Financial Crime Coverage Associate in the Firm's Legal and Compliance Division ('LCD') to conduct due diligence reviews of higher risk clients and provide advisory on financial crime and client risk matters to the Firm's institutional businesses.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is an Associate-level position within Global Financial Crimes ('GFC'). As a department within LCD, GFC plays a critical role in implementing the Firm's enterprise-wide financial crime prevention efforts, including governance, oversight, and execution of the Firm's Anti-Money Laundering (AML), Sanctions, Anti-Corruption and Government and Political Activities Compliance programs.

The GFC Institutional Securities Group ('ISG') Coverage team is focused on the anti-money laundering obligations associated with the Institutional Equity, Fixed Income, and Investment Banking Divisions for EMEA. The team is responsible for implementing and executing the AML Program for ISG clients, including due diligence associated with new clients and accounts and timely, value-added advisory on financial crime risk issues associated with existing clients.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• Review enhanced due diligence for both new and existing higher risk clients including analyzing corporate structures and other documentation as necessary.
• Assess and provide guidance on the appropriate risk rankings for institutional clients.
• Build relationships and ensure effective partnerships with key stakeholders in regional Businesses, Operations, and other teams within LCD across EMEA and globally.
• Act as trusted advisor to the ISG business units in EMEA in relation to financial crime (money laundering, corruption, sanctions) and client due diligence matters.
• Support change and remediation initiatives focused on enhancing the Firm's financial crime compliance framework, and drive efficiencies and improvements to existing systems and processes, where possible.
• Conduct financial crime trainings within LCD and for 1L stakeholders, as appropriate.

What we’re looking for:

• At least 4 years' relevant experience would generally be expected to find the skills required for this role.
• University degree or equivalent with strong academic credentials.
• Demonstrable experience of managing financial crime risk issues in a financial institution, management consultancy, or government.
• Recent experience of Know Your Customer requirements, Enhanced Due Diligence, sanctions, and/or financial crime in an institutional setting is strongly preferred.
• Knowledge of the securities industry and products (in particular, Equities, Fixed Income, Commodities) is an advantage.
• Strong communication and stakeholder management skills and an ability to build effective partnerships across a large matrix organisation.
• Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent certification/license - or certification within first 15 months of employment.

Where will you be working?

This role is based in 122 Waterloo Street, Glasgow. The office attendance for this role is a minimum of three days per week.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

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.

Equal Opportunity Employer

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.