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Compliance - Control Group, Research & Investment Banking Coverage, Manager (Hong Kong)
April 26, 2021
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 42 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 The Compliance Department is a service-oriented department which provides guidance and advice to all business and support staff at the Firm, including Sales & Trading, Research, Investment Banking, Finance, Administration and Operational staff.
The Department provides general transactional guidance and advice to Business Units and other staff, implements compliance policies as required, and provides training. It also undertakes surveillance activities and utilises exception reports to monitor and, where appropriate, investigate Firm, customer and employee trading activity. The Department is also called upon to render advice on legal requirements; the rules and regulations of statutory and SROs, exchanges, and other bodies; and Firm policies and procedures.
Team Profile The Control Group is responsible for monitoring the Firm's Information Barriers, policies and procedures implemented to maintain said Information Barriers and pre-clearance of certain business activities that may present potential conflicts of interest. The Research & Investment Banking coverage team within the group is primarily responsible for the review of Research, chaperoning and gatekeeping communications between Research and the Private Side as well as personal account trade pre-clearances and the maintenance of the Firm's Watch and Restricted Lists.
Day-to-Day Responsibilities Day-to-day responsibilities of the members of the Control Group Research and Investment Banking Coverage include, but are not limited to: - Ongoing Watch and Restricted List maintenance, including necessary interactions with private side deal team members or other relevant LCD or business unit contacts. - Documentation and relevant notifications under the Firm's Wall Crossing policies and procedures. - Review of Fixed Income and Equity Research against the Firm's Watch and Restricted List for compliance with relevant securities laws and with internal policies, such as the Firm's M&A Research Policy. - Chaperoning and gatekeeping of permissible communications between Research and the Private Side under the Global Research Settlement and relevant internal policies and procedures. - Employee trade pre-clearances for business units or individuals subject to trade pre-clearance with the Control Group due to their private side, Above-the-Wall or Over-the-Wall status.
The "Control Group Manual" and the "Chaperone Manual", among other policy and procedure documents, provide further details on Control Group responsibilities.
Escalation If an issue or problem comes to the attention of the member of the Control Group Research & Investment Banking coverage team, the individual should determine whether it is necessary to consult with the Regional Control Group Manager, the Global Head of the Control Group, Litigation, LCD Management, or other appropriate areas. Notwithstanding relevant supervisory reviews that would identify this, if the individual feels they cannot complete their assigned responsibilities or cannot complete them timely, the individual should bring that to their supervisor's attention.
Primary Contacts Due to the diverse and widespread nature of the team's role, the team members are in close constant contact with other staff from Legal and Compliance and various business units. Interaction can often be with very senior members of staff. The Firm runs a global Control Group and there is regular contact with staff in Tokyo, London and New York.
Supervision The successful candidate will jointly report to the Regional Control Group Manager of the region they are in and the Regional Control Group Manager of the region they cover, both managers report into the Global Head of Control Group and the Regional Heads of Private Side Compliance. Training needs for the individual would be reviewed regularly.