Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's 55,000 employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in more than 40 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.
The Compliance Department is part of the Legal and Compliance Division, and provides guidance and advice to Business Units and infrastructure and support staff at the Firm, including Sales & Trading, Research, and Investment Banking.
The Department provides advice on compliance matters including for new products and businesses and interpretation of rules and policies, develops and implements compliance policies and procedures, and provides relevant training. It also maintains the rules management and compliance risk management frameworks, undertakes testing activities and utilizes exception reports to monitor and, where appropriate, investigate Firm, customer and employee activity.
Based in Hong Kong, this candidate will mainly be focused on leading the compliance coverage effort together with one other person focusing specifically Delta One Structure Products, Stock Borrowing/Lending and Prime Brokerage. The overall goal of this role is to raise compliance standards across the Firm in these coverage areas, helping ensure consistency where appropriate of compliance processes and controls.
Major responsibilities are as follows:
Advisory – Provide advice on regulatory interpretation and compliance issues with specific focus on Delta One market access products (e.g. China, Taiwan, Korea and India), Stock Borrowing/Lending and Prime Brokerage.
New business initiatives - Review and lead new business and infrastructure initiatives from a local and international regulatory, best practice and Firm perspective.
Compliance policies and procedures - Review manuals and Compliance Notices to ensure they are properly revised or updated when necessary, and draft new manuals, Compliance Notices, policies and procedures in light of regulatory or business changes.
Desk reviews and monitoring - Provide advice to the Desk Review and Monitoring Team to identify risk areas or lead independent reviews, and monitoring of business and supervisory practice.
Regulatory interaction - Help develop and manage the Firm's contact and relationship with its regulators, ensuring that communications between the Firm and its regulators are open and constructive.
Industry contacts. Work on communications with industry participants to ensure appropriateness and consistency.
Reporting. Compliance responsibility for relevant regulatory reporting, including trade error reporting.
Training - Develop training materials and provide training to Institutional Equity Department staff
Surveillance. Work with the Surveillance team on investigating irregular trading activities, document findings and help prepare regulatory responses.*LI-GK2
Skills, Qualification and Experience
University graduate or equivalent degree preferred, ideally in business, accounting or law
Minimum 8-10 years of relevant work experience with a financial institution covering equities activities, or with a financial regulator
Knowledge of regulatory and compliance requirements, especially those related to equities activities
Sound judgment in identifying risks in order to proactively escalate with the relevant senior managers
Strong analytical skills, detail-oriented, quick study
Outstanding communication skills in English necessary to effectively interact with an influence internal and external stakeholders; ability to speak Mandarin and read Chinese is a plus