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Global Financial Crimes - Institutional Securities Group (ISG) Coverage Team, Manager/ Director (Hong Kong)
July 12, 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.
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm???s enterprise-wide financial crime prevention efforts. GFC includes several Legal and Compliance disciplines and has responsibility for governance, oversight and execution of the Firm???s Anti-Money Laundering (AML), Sanctions, Anti-Corruption, Anti-Tax Evasion, and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions, anti-corruption, anti-tax evasion, and political activity obligations and its particular clients and transactions.
Background on the Team
Morgan Stanley???s Global Financial Crimes (GFC) team, an integral part of the global Legal and Compliance Division, is charged with day-to-day oversight and coordination of the AML, economic sanctions, anti-corruption, anti-tax evasion, and political activity obligations program covering all of the Firm's various businesses globally, including Institutional Securities (Investment Banking, Capital Markets, Equities, Fixed Income) and Investment Management.
Headquartered in Hong Kong, the APAC GFC team also includes dedicated personnel in Singapore, Sydney, Tokyo, Zhuhai and Mumbai.
The Firm is currently seeking a driven and seasoned professional to cover the Institutional Securities Group (ISG). This role is based in Hong Kong.
- Management of day-to-day account opening issues, including approvals of high risk clients, waivers (where required) and providing advice to the business units at onboarding and periodic refresh. - Assess the Financial Crime risk associated with potential and existing high-risk clients via the EDD process. - Review any potential AML issues which arise across business units and jurisdictions covered by the APAC GFC ISG EDD advisory team. - Review possible true hits from screening and follow-up with appropriate Business Units (typically via Business Unit Risk Management representatives) and GFC to gather further information. - Draft EDD and PEP case summaries including all relevant information about the client, screening results and risk mitigants, and escalating the summaries to the appropriate GFC colleagues/teams. - Monitor regulatory developments and drive implementation of new rules or requirements.