Compliance Officer

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.