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Compliance - Asia Compliance Testing, Associate/ Manager (Hong Kong)
June 11, 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 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.
Background on the Team The Asia Compliance Testing function is responsible for developing and executing a risk-based testing programme that focuses on ensuring that the Firm continues to adhere to regulatory obligations and Firm policies. The APAC Testing team is responsible for all businesses in the region, i.e. Sales and Trading (equities, fixed income and commodities), Investment Banking and Global Capital Markets, Research, Wealth Management, and Investment Management.
Overview of Role APAC Compliance Testing is seeking a suitably qualified candidate to join its team to focus on the Asia Private Wealth Management and Australia Wealth Management businesses. The role will be at Associate or Manager level, depending on experience, and is based in Hong Kong.
Compliance Testing Responsibilities - Analysis of regulations and internal rules and policies for each review topic - Identification of key controls for each review topic - Creation of test strategies to verify design effectives and operating effectiveness for controls to confirm compliance with applicable rules and policies - Executing reviews including: - Interviews with business employees responsible for a particular area and review of working materials - Analysis of transaction and deal documentation to assess compliance with applicable rules and policies - Documentation of workpapers - Identification of areas requiring attention and assessment of relative risk - Preparing review reports - Presentation of findings and recommendations to Compliance and business area managers - Following-up on review findings until resolution - Coordinating with global testing counterparts