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Co-Head of Asia Pacific Sales & Trading Compliance, Executive Director/Managing Director, Hong Kong

Morgan Stanley Hong Kong
Posted 14 hours ago Permanent Competitive
About the Firm

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

About the Division

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, Investment Banking and Global Capital Markets. 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 trade monitoring and testing activities and, where appropriate, investigates Firm, customer and employee activity.

About the Role

Based in Hong Kong and reporting to Head of Non-Financial Risk for Asia Pacific, this role is to lead primarily the Equities Compliance team and provide regional compliance coverage for Morgan Stanley's Equities business, namely Execution Services (Core and Programs Trading), Listed and OTC Derivatives, market making activities (warrants, stock options and/or ETFs), electronic trading, Prime Brokerage as well as Stock Borrowing and Lending. The overall goal of this role is to provide leadership of the team, raise compliance standards across the Firm in these coverage areas within Asia Pacific, and assist in ensuring consistency where appropriate of compliance processes and controls. The role will also require close cooperation with the Co-Head of Asia Pacific Sales & Trading to ensure a coordinated Compliance approach on joint regional and global initiatives as well as surveillance and e-trading initiatives.

Key Responsibilities
  • Advisory - Provide advice on regulatory interpretation and compliance issues in the Equities coverage areas; develop and deliver proactive strategies that support compliance and business objectives.
  • 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. Develop and implement 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 Teams to identify risk areas or lead independent reviews, and monitoring of business and supervisory practice.
  • Training - Develop training materials and provide training to Institutional Equity Division and other staff
  • Industry contacts - Lead communications with industry participants to ensure appropriateness and consistency.
  • Regulatory interactions - Monitor regulatory developments and trends; help develop and manage the Firm's contact and relationship with its regulators in coordination with Regulatory Relations, ensuring communications between the Firm and its regulators are open and constructive.
  • Regulatory reviews - Investigate and assist with regulatory inquiries, audits and examinations.
  • Global / regional coordination - Develop close working relationship with Asia Pacific country Compliance teams as well as global counterparts to ensure compliance standards and framework are aligned, and to share best practices and insights across the regions.
Qualifications, Skills & Requirements
  • University graduate or equivalent degree preferred, ideally in business, accounting or law.
  • Minimum 12 years of relevant work experience in the financial services industry in Compliance or internal audit and/or with a securities exchange or regulator.
  • Sound experience in providing regulatory / compliance advice in connection to Equities coverage areas.
  • In-depth knowledge of Hong Kong regulatory and compliance requirements. Knowledge of APAC regulatory developments advantageous.
  • Sound judgment in identifying risks in order to proactively escalate to relevant senior managers
  • Outstanding communication skills in English necessary to effectively interact and influence internal and external stakeholders. Fluency in Asian languages (e.g. Mandarin and/or Cantonese) advantageous.
  • Strong analytical skills, detail-oriented, team player, proficient in time management and able to initiate and manage projects.
  • Demonstrate ability to effectively review and analyze data / situations and apply judgement to resolve issues in a timely manner.
  • Able to make, support and defend difficult and complex regulatory / compliance decisions in a fast-paced and highly pressured environment.
Job ID  3250423
ABOUT COMPANY
Hong Kong
68000 Employees Investment Banking / M & A
Morgan Stanley has earned a worldwide reputation for the excellence of its advice and execution in financial markets. With offices in more than 41 cou...
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