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Alert Clearing & Oversight, Associate/Manager - Global Financial Crimes
February 23, 2021
Company Profile 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 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.
Department Profile and Background of the Team Morgan Stanley's Global Financial Crimes (GFC) Group, an integral part of the global Legal and Compliance Division, is charged with day-to-day oversight and coordination of the AML, Sanctions and Anti-Corruption Program covering all of the Firm's various businesses globally.
Headquartered in Hong Kong, the Asia Financial Crimes Group includes dedicated personnel in Singapore, Australia and Tokyo.
Based in Hong Kong and reporting to the Head of APAC Alerts Clearing & Oversight Team, this role will supervise GFC APAC alert clearing, including transaction monitoring ("TMS"), negative news screening ("NNS"), and ongoing sanction and watch lists screening ("Sanctions Screening"). GFC APAC alert clearing includes coverage for APAC Private Wealth Management, APAC Institutional Securities Group and Australia Wealth Management and Private Wealth Management. Tasks include: - Assisting in managing and coordinating with various regional coverage teams and external parties on the chain of alert review work (TMS, NNS, Sanctions Screening on clients and employees) - Handling alerts escalation and presenting suspicious alerts to GFC team via weekly investigation meeting - Post-escalation support assisting GFC team in investigation of suspicious alerts, including communications with various business units (e.g. sales team, Legal and Compliance) for enquiries and case management - Overseeing local and overseas teams of analysts in the alert review chain - Coordinating APAC effort in the provision of regional input in the ongoing optimization of the monitoring and screening models - Alerts tracking, monitoring and trend analysis for weekly management reporting purpose - Facilitating communication of global QA standards on alerts clearing between QA Team and APAC coverage teams - Acting as the coordinator for APAC coverage teams to liaise with Financial Crime Technology Team on workflow or system enhancement initiatives and assisting in UAT and system implementation - Delivering ongoing and ad hoc training to APAC coverage teams, as well as parties in the alert review chain - Providing support in drafting and reviewing relevant policies and procedures - Assisting with regulatory requests or internal audit enquiries in alerts clearing
Qualifications - Bachelor's degree - CAMS certified would be a plus - At least 3 years of relevant experience in AML Compliance, preferably in sizable financial institutions or professional audit or consultancy firms - Experience in the securities or broker-dealer business or wealth management / private banking would be an asset - Strong oral and written communication skills in English - Fluency in written Chinese (traditional or simplified) is a strong plus