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Compliance - Equities, Director/ Vice President (Hong Kong)
May 1, 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 60,000 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 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.
Position Description Based in Hong Kong and reporting to Head of Equities Derivatives Compliance, this role will provide compliance coverage primarily for Morgan Stanley's Derivatives business, namely Retail Structured Products, Listed and OTC Derivatives, market making activities (warrants, stock options and/or ETFs) as well as other areas such as Prime Brokerage as needed. The overall goal of this role is to raise compliance standards across the Firm in these coverage areas, assist in ensuring consistency where appropriate of compliance processes and controls.
Major responsibilities are as follows:
Advisory – Provide advice on regulatory interpretation and compliance issues in the Derivatives coverage area
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. 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 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 staff
Industry contacts- Participate in / lead communications with industry participants to ensure appropriateness and consistency.
Regulatory interaction - Help develop and manage the Firm's contact and relationship with its regulators, ensuring communications between the Firm and its regulators are open and constructive.