Analyst/Associate - GFC Rule Writing (Legal & Compliance)

Job Description

Division: Legal & Compliance (LCD) Super - Department: Global Financial Crimes [GFC]Department: Financial CrimesSub-Department: Financial CrimesRegion: GlobalJob Level: Analyst / AssociateJob Title: GFC Rule Writing AssociateEmployment Type: Full TimeLocation: Mumbai (Nirlon Knowledge Park)Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses. The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.Global Financial Crimes is responsible for the development and governance of the Firms financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanleys regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.LCD Center of Excellence Mumbai (LCD CoE) is a part of Morgan Stanleys Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.Team: Rule WritingAs part of Morgan Stanleys ongoing commitment to prevent and detect money laundering and terrorist financing, the Firm has adopted a comprehensive, risk-based program to ensure compliance with counter- terrorism and AML laws, rules, regulations, and government guidance. The successful candidate will cover our Global Screening Team, *Primary Responsibilities (Day Job)The Rule Writing Analyst will:Perform ongoing analysis of sample historical production data/alerts to identify and prioritize stop descriptors generating high alert volumesDraft business rules for prioritized stop descriptorsPrepare summary of stop descriptors and business rulesDraft suppression rules in Accuity FormatPrepare summary of stop descriptors, business rules and suppression rulesCreate hypothetical fudge data for use in testingTest the proposed suppression rules against fudge data and sample historical production dataPrepare summary of stop descriptors, business rules, suppression rules, and test resultsProvide proposed suppression rules, test results, and approvals to AML IT for deploymentRetain supporting documentation, including test results, rationale, and approvals for new rulesMaintain suppression rule writing proceduresProvide oversight and escalate/resolve issuesManage coordination across teamsProvide status and progress reportingManage approval processCoordinate and execute testing program for suppression rulesRequirementsExperienceUp to 3 years of Corporate Intelligence, due diligence; experience in the financial or professional services industriesSolid track record working in a professional environmentBachelors degree from an accredited college / university KnowledgeUnderstanding of AML / KYCShould exhibit comfort working with technology and the ability to learn and display proficiency on technical systems and programs. Proficient with MS Office Skills and QualitiesTeam player who can successfully manage multiple projects and prioritiesAdvanced level excel 7 SQL kowledgeAbility to think independently, form opinions and make decisions Ability to anticipate ahead of time and escalate issues as appropriatePragmatic and analytical problem solving skills - consistently apply sound judgmentGood interpersonal and written / verbal communication skills with the ability to apply sound reasoning when delivering workAbility to work as part of a team and adapt to the needs of the team as they ariseSuccessfully meet established deadline requirements display efficient time management skills Possess the ability to research and resolve issues independently Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business UnitsHave the ability to effectively handle a fast paced environment Ability to identify and recommend process efficiencies Attention to detail CoverageMonday to Friday from 9 AM to 6 PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).

Keyskills :
business rulestime managementrisk managementwork effectivelyms officecenter of excellencecrime prevention