Compliance Officer

Morgan Stanley

3.1

(72)

Riyadh, Saudi Arabia

Why you should apply for a job to Morgan Stanley:

  • Our best-in-class Return to Work program is an excellent opportunity to re-engage and pick up where you left off after a career break.
  • Whether you're welcoming a new addition, watching your children grow or caring for aging parents, there’s support.
  • An employee stock purchase program, 401(k) retirement savings, 529 plans with a company match, IRAs? Check, check, check and check.
  • #549781074896

    Position summary

    Primary Responsibilities
    A role has arisen for a Manager/ Director (AVP) in the Morgan Stanley Saudi Arabia (MSSA) Compliance team. The individual will work on all aspects of Compliance in support of Morgan Stanley's various business units operating in KSA. The individual will ensure that the organisation acts in compliance with internal policies, external rules and regulations, in particular those relating to Capital Market Authority, Saudi Exchange, securities regulations and money laundering rules. Ultimately, the objective of the role is to help protect Morgan Stanley's franchise in the KSA.

    Reporting to the Head of Compliance and GFC - MENA and working closely with Compliance Officer in Morgan Stanley Saudi Arabia, the individual will assume a number of responsibilities in Compliance and Global Financial Crimes (GFC) department.

    Advice, Policy and training
    oProviding primary Compliance and GFC advisory coverage for MSSA employees.
    oContribute to and lead development of Compliance and GFC policies and procedures.
    oProvide support on regulatory requirements, transactions, new products and other business and infrastructure initiatives
    oProvide support in training employees on a regular basis on their duties under the applicable laws and regulations as well as under Morgan Stanley's policies
    oResponding to questions from the business in a timely manner, working with other Compliance and GFC teams to incorporate their views where appropriate.
    oBuilding relationships and networks across the Firm to develop a role as a trusted adviser to business and Legal and Compliance Management.
    oWorking with the MENA Head of Compliance to deliver the annual Compliance Plan for MSSA.

    Monitoring, test checks, desk reviews and investigations
    oDesign Compliance and GFC Monitoring and Testing programmers in conjunction with the EMEA Monitoring and Testing teams across MSSA.
    oConduct investigations with respect to any potential employee misconduct/breach of rules and regulations

    Rule interpretation and implementation of procedures and processes
    oIdentify upcoming changes in KSA and CMA/Tadawul/Muqassa laws and regulations
    oEnsure implementation of processes/procedures to comply with laws and regulations
    oEnsure policies and procedures are drafted and updated accordingly

    Contact with regulators and auditors
    oLiaise with the regulators and internal and external auditors
    oProvide input to responses to inquiries from Tadawul and the CMA in a timely manner

    Anti-money laundering
    oEnsure processes and policies are in place to comply with the money laundering law
    oCreate/update money-laundering risk analysis and ensure adequate monitoring

    Management Information
    oCollate monthly and quarterly Management information and update MENA Head of Compliance and MSSA CEO of key achievements/ developments in the MSSA Compliance Program.Experience Required
    Saudi National as per the CMA regulations
    Preferably minimum of 5-7 years' experience in Compliance/ AML or a related discipline with a leading international or a large KSA financial institution
    Good understanding of KSA securities laws/regulations
    Familiarity with some or all of the business lines operating in Morgan Stanley Saudi Arabia (Institutional Sales and Trading, Investment Banking and Investment Management)
    Fluent in Arabic and English
    Preference for candidates with qualification in Law, Finance or Accountancy
    Preference for candidates that have the CME1 and CME2 qualification

    Key attributes

    Exceptional oral and written communication skills. Candidates must possess a demonstrable ability to distil complex and detailed information; present information clearly in PowerPoint and Excel, Word and draft business memos.
    Pro-active, motivated, strong organisational skills, with ability to handle multiple tasks, work under pressure, and manage competing priorities.
    Exceptional problem solving and execution skills with attention to detail.
    Excellent presentation skills.
    Impeccable interpersonal and client-service skills.
    Demonstrable track record of exercising sound and independent judgment and ability to identify which issues require escalation.
    Ability to remain calm and assertive in tough situations and be persuasive.

    Why you should apply for a job to Morgan Stanley:

  • Our best-in-class Return to Work program is an excellent opportunity to re-engage and pick up where you left off after a career break.
  • Whether you're welcoming a new addition, watching your children grow or caring for aging parents, there’s support.
  • An employee stock purchase program, 401(k) retirement savings, 529 plans with a company match, IRAs? Check, check, check and check.