Compliance Officer (Legal and Compliance)
| Company Name: | Morgan Stanley |
| Employment Type: | Full Time |
| Location: | Dubai |
| Experience: | 4-5 years |
| Degree: | Bachelor |
| Gender: | Any |
| Age: | Any |
| Nationality: | Any |
| Salary: | Unspecified |
| No. Of Vacancies: | 1 |
| Job Description: |
| Morgan Stanley, one of the world’s largest financial services firms, has been active on behalf of clients in MENA since the early seventies. We have steadily built our relationships and expanded our offerings in the region: our comprehensive range of services includes mergers and acquisitions, corporate finance, equity and debt capital markets, and sales and trading activities, as well as asset management and private wealth management. From our MENA headquarters located in the Dubai International Financial Centre (DIFC), we provide clients access to global opportunity, and solutions to their most complex problems. Our Firm’s regional presence is enhanced by our broad reach in the global capital markets, innovative thinking and unwavering focus on meeting our clients’ needs. Together these have made Morgan Stanley an especially strong name in MENA. Overview of Role Primary Responsibilities A role has arisen for a Manager/ Director (AVP) in the Morgan Stanley DIFC Branch Compliance department. The individual will work on all aspects of Compliance in support of Morgan Stanley’s various business units operating in the MENA region (Saudi Arabia, Dubai, Qatar, Turkey). The individual will ensure that the organisation acts in compliance with internal policies, external rules and regulations, in particular those relating to applicable regulations and money laundering rules in the countries we operate. Ultimately, the objective of the role is to work with the Head of MENA Compliance and Financial Crimes to protect Morgan Stanley’s franchise in the MENA region. Reporting to the Head of MENA Compliance and Financial Crimes, the individual will assume a number of responsibilities. Advice, Policy and training Assisting the Head of MENA Compliance and Financial Crimes to provide compliance coverage for the employees in the MENA region. Contribute to and lead development of compliance policies and procedures. Provide support on regulatory requirements, transactions, new products and other business and infrastructure initiatives Provide 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 Responding to questions from the business in a timely manner, working with other compliance teams to incorporate their views where appropriate. Building relationships and networks across the Firm to develop a role as a trusted adviser to business and Legal and Compliance Management. Provide support in developing and delivering the Annual Compliance Plan for MENA. Monitoring, test checks and desk reviews Undertake compliance Monitoring and Testing programmes in conjunction with the EMEA Monitoring and Testing teams across MENA. Conduct desk reviews of the MENA businesses in accordance with the Annual Compliance Plan for MENA Rule interpretation and implementation of procedures and processes Identify upcoming changes in the MENA region and maintain MENA rules inventory Provide support to ensure implementation of processes/procedures to comply with laws and regulations Ensure policies and procedures are drafted and updated accordingly Contact with regulators and auditors Liaise with the regulators and internal and external auditors Provide input to responses to inquiries from regulators in a timely manner Anti-money laundering Ensure processes and policies are in place to comply with the money laundering law Create/update money-laundering risk analysis and ensure adequate monitoring Management Information Collate monthly and quarterly Management information for MENA QUALIFICATIONS Experience Required Preferably minimum of 4-5 years’ experience in Compliance or a related discipline with a leading international or a large financial institution in MENA Good understanding of DFSA/QFCRA or CMA securities laws/regulations Familiarity with some or all of the business lines operating in Morgan Stanley’s MENA franchise (Institutional Sales and Trading, Investment Banking/ Capital Markets and Investment Management) Preference for candidates with qualification in Law/Finance/Accountancy and working knowledge of Arabic language 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 |
