Job Description
Compliance Analyst, Compliance Shared Services – Mumbai
Why us? Morningstar is a unique place. We live to help investors. We are devoted to helping everyone get over the human hurdles—lack of confidence, fear, greed, inertia, and the spend versus save mentality—that prevent people from achieving financial freedom. It’s what makes us proud to tell our friends and families what we do. Whether people consider themselves investors or not, we are here to help them. Since 1984, Morningstar has been helping investors achieve their goals by developing powerful research, data, and investment management products. Today, we continue this mission in 29 countries and help millions of investors.
The Team: Morningstar’s Compliance Shared Services team supports Morningstar’s global business entities, upon whom all of Morningstar can rely, for accurate, efficient, and timely accomplishment of standardised compliance work, and for appreciable improvements in compliance processes and systems.
The Role: Morningstar requires a process orientated and passionate Compliance Analyst for the Compliance Shared Services team, to assist with supporting global Compliance processes and AML procedure using Factiva or other systems implemented by Morningstar that provide accurate and up-to-date solutions for risk management and corporate governance in the areas of Anti-Money Laundering, Anti-Corruption, and screening of third-party relationships for regulatory and commercial risk. This position reports to the Compliance Manager, Compliance Shared Services, and is based in Mumbai. Since this role will work closely with Compliance departments across geographies and will have access to confidential information across the businesses of the Morningstar group, a strong sense of ethics and integrity is a must.
Morningstar is an Equal Opportunity Employer.
Responsibilities:
Support the Compliance Manager to transition processes from local offices to Compliance Shared Services; in a planned and controlled manner. Recommend and implement ongoing improvements to the process;
Undertaking AML / KYC client due diligence checks, using Factiva or other systems implemented by Morningstar from time to time;
Ensure compliance with applicable AML & KYC rules, regulations, and instructions for the clients;
Ensure that AML/KYC policies and processes are implemented, that all clients and customers are identified, screened, and verified, before they are on-boarded;
Ensure that customers are monitored on different intervals like daily, weekly, monthly, etc as per the request of the relevant compliance department, to identify suspicious activities and transactions;
Use e-mail surveillance tools to perform necessary surveillance. Escalate cases to local compliance officers for investigation;
Assist in the preparation of risk and compliance reports and follow up on identified risk and compliance actions;
Administer conflict of interest system activities e.g. personal trading, gift & entertainment, political contributions. Escalate cases accordingly to local compliance officers for investigation;
Assist with the Learning Management System, Trellis, where all the training related activities across geographies are executed;
Undertake compliance surveillance activities;
Prepare and follow standard operating procedures (SOP) and service levels for the activities assigned to the Compliance Shared Services team, in order to ensure consistent provision of compliance and risk support to mitigate the risk of key person dependencies;
Manage relationship with other risk and compliance colleagues.
Requirements:
Freshers who have just graduated college are welcome to apply for this position.
The educational qualification requirements are, at a minimum, a bachelor’s degree in any of the following areas – finance, accounting, commerce, or business administration.
Excellent analytical skills with good organisational capabilities and self-motivation skills;
Organizational and project management skills with the flexibility and willingness to respond to changing priorities;
Problem-solving skills, demonstrating pragmatic, proactive, flexible, and creative behaviours;
A strong technical bend of mind will be an added advantage;
A strong team player with good engagement and collaboration skills with diverse groups of people;
Excellent internal and external communication skills and strong client focus;
Ability to work under tight deadlines;
Ability to manage time and plan own workload;
Knowledge of compliance and risk management disciplines preferred. Experience with compliance and risk systems highly regarded;
A strong command over the English language essential (written and verbal).
Morningstar is an equal opportunity employer.
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.