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 60,000 employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 42 countries.
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Maintaining open and constructive relationships with regulators globally is a key priority of the Firm. The Global Regulatory Relationships Group ("GRRG") was established in 2014 to integrate and expand the management of the supervisory activities of the Firm's regulators across all regions and business units, with a particular focus on responding to regulatory examinations and continuous monitoring activities. GRRG serves as the central point of contact with the supervisory arms of the Firm's' regulators and is responsible for the management and timely reporting on those relationships, including areas of regulatory focus. GRRG is part of the Legal and Compliance Division ("LCD"), which also includes Legal, Compliance and Global Financial Crimes. The Head of LCD is the Chief Legal Officer ("CLO") who reports to the Chairman and CEO.
Background on the Team
The Asia Pacific Regulatory Relations Group ("APRRG") was established in September 2015 and is located in Hong Kong. The team consists of a Managing Director (Head of APRRG) and two Vice Presidents (Regulatory Relationship Managers). The Head of APRRG is a member of the Asia Pacific Executive Committee, reporting functionally to the Global Head of Regulatory Relations (who is based in New York and reports to the CLO) and locally to the Co-CEOs for Asia Pacific. The Vice Presidents report to the Head of APRRG. APRRG collaborates closely with Compliance colleagues to manage the Firm's regulatory relationships in the region.
In close cooperation with the other team members the incumbent will:
-Lead efforts to respond to and coordinate regarding supervisory and regulatory enquiries with Asia Pacific LCD, the business units and Firm Management.
-Communicate with regulators on significant corporate developments as appropriate (e.g. enforcement actions, confidential supervisory actions, etc.) as well as on matters of common interest.
-Manage examination and continuous monitoring related events, including negotiating scope and timing of reviews and coordinating meetings with control functions and business unit personnel.
-Collect and produce requested documents related to regulatory examinations, continuous monitoring, Supervisory Colleges, etc.
-Provide advice and guidance to Firm personnel in connection with regulatory examinations and continuous monitoring.
-Represent APRRG on internal working groups where APRRG's views are sought (e.g. MiFID II implementation working group, MAS outsourcing working group, etc.).
-Provide guidance and challenge to Firm personnel on the drafting of supervisory responses.
-Prepare management information on key supervisory and regulatory developments, on a regular and ad hoc basis.
-Prepare briefing notes, attend regulator meetings, and write summaries for the meetings.
-Represent the Firm on industry association advocacy committees and working groups.
-Keep abreast of broader supervisory and regulatory development in the US, EMEA and Asia Pacific.
-Provide input into wider initiatives and key regulatory projects to drive a change agenda and to facilitate consideration of the applicability of regulatory issues and findings broadly, as appropriate.
Skills required (essential)
-Bachelor degree. Master's degree a plus.
-Minimum 8-10 years' experience in financial services with a focus one or several of the following areas: supervision, regulation/policy, compliance, legal and internal audit. Experience working in a regulatory or supervisory authority is highly desirable.
-A good understanding of financial markets, products and control functions.
-Specific knowledge of Asian regulatory rules/regimes, environment, forthcoming reform and evolution is essential.
-Experience with regulatory-driven or impacted projects (e.g., capital, liquidity, recovery and resolution, market conduct, governance and control framework), especially in situations in which remedial actions requested by regulators need to be handled in an efficient and practical way, is highly desirable.
-Experience advising senior management on complex regulatory issues and relationships.
-Excellent communication skills to effectively interact with and influence internal and external stakeholders, with Chinese language skills viewed favorably.
-Sound judgment in identifying risks with a view to proactively escalate with the relevant senior management and/or governance committees.
-Willingness and ability to engage with detail while not losing sight of the big picture.
-Strong interpersonal skills to build effective relationships internally (i.e. within LCD and with the business units) and externally (i.e. with regulators and industry peers), ensuring open and constructive communications between the Firm and its regulators.
-Collaborative, participatory (team player) approach to work.
-Professionalism, sensitivity, and discretion required.
-Self-starter who takes initiative.
-Ability to quickly grasp new topics and learn about new areas.
-Ability to deliver high-quality output, with a focus on detail, accuracy and completeness.
-Good office productivity tools skills (Word, Excel, PowerPoint)