At a Glance
- Tasks: Support economic sanctions compliance and provide expert advice to the business.
- Company: Join Morgan Stanley, a leading global financial services firm.
- Benefits: Comprehensive benefits package and flexible work options.
- Other info: Diverse and inclusive workplace with strong career development opportunities.
- Why this job: Make a real impact in financial compliance while growing your career.
- Qualifications: 5+ years of experience in financial institutions or regulatory bodies.
The predicted salary is between 80000 - 100000 £ per year.
We are seeking someone to join our team as a Global Financial Crimes (GFC) : Sanctions Compliance Officer. 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 a Vice President level position, the Sanctions Compliance Officer will be based in London and will be responsible for providing economic sanctions related business and programmatic advice in support of the Morgan Stanley’s Global Economic Sanctions Programme, including oversight EMEA based businesses.
The Sanctions Compliance Officer will be part of a team of financial crimes specialists collectively responsible for compliance and regulatory matters pertaining to economic sanctions adhered to under the Firm’s Global Sanctions Policy, including the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), His Majesty’s Treasury of the United Kingdom’s Office of Financial Sanctions Implementation (OFSI), the United Nations Security Council (UNSC), and the Council of the European Union (EU Council).
What will you be doing?
- Assist in the ongoing development, administration, and implementation of the Firm’s Economic Sanctions Compliance Programme.
- Address sanctions related queries from first line risk, business and operations groups, including sanctions applicable to securities transactions as well as other broader financial products.
- Working with GFC business advisory and legal teams to provide written and verbal communication on sanctions-related risks to the lines of business; performing reviews of highly sensitive client and transaction information; presenting, reporting and escalating results, as required.
- Track regulatory changes and emerging risks related to economic sanctions, ensuring proper communication and timely implementation of new procedures and/or enhanced due diligence programmes in compliance with any change in laws and regulations.
- Advise on the development of risk-based processes and controls to ensure business unit compliance with economic sanctions as well and broader risk mitigation.
- Develop content for and deliver specialised training to relevant internal audiences concerning economic sanctions for both in-person and Firm-wide online training modules.
- Coordinate with the Risk Assessment team on the yearly Economic Sanctions Risk Assessments.
- Assist with responding to regulatory exams and inquiries as well as internal audits, including overseeing document productions.
What you’ll bring to the role
- Strong academic credentials.
- Minimum of 5 years of relevant experience, preferably at a large/complex financial institution, law firm, or government/regulatory body.
- Detailed understanding of the laws, rules, regulations and industry best practice pertaining to economic sanctions, in particular the sanctions programs administered and enforced across EMEA and by OFAC.
- Ability to understand and assess a wide variety of complex commercial transactions.
- Highly-motivated self-starter able to work independently while collaborating as part of a global programme.
- Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment.
- Strong written and verbal communications skills, attention to detail, and effective time management.
- Sound judgment and an ability to appropriately escalate issues internally.
- Strong interpersonal skills and team-player attitude.
- Certification as an Anti-Money Laundering Specialist by ACAMS or equivalent AML certification/license - or certification within first 15 months of employment.
Skills that will help you in the role
- Strong understanding of financial markets and banking transactions.
- Strong project management skills.
Certified Persons Regulatory Requirements
This role is deemed as a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Where will you be working?
Our London Office
Employee Benefits and Company Culture
We provide a comprehensive benefits package and flexible work options to support our employees.
Equal Employment Opportunity
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Sanctions Compliance Officer employer: Dormont Manufacturing Co
Morgan Stanley is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and compliance intersect. With a strong commitment to employee development, we provide comprehensive benefits and flexible work options, fostering a culture of inclusion that values diverse experiences and backgrounds. As a Sanctions Compliance Officer, you will have the opportunity to engage with complex financial regulations while collaborating with a team of experts dedicated to maintaining the highest standards of compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Sanctions Compliance Officer
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like Dormont Manufacturing Co looking for candidates who are engaged and informed.
We think you need these skills to ace Sanctions Compliance Officer
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at Dormont Manufacturing Co. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at Dormont Manufacturing Co
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with Dormont Manufacturing Co’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
