Legal & Compliance HK, Trade Surveillance Professional (Manager/Senior Manager), China-Hong Kong
Legal & Compliance HK, Trade Surveillance Professional (Manager/Senior Manager)
Company:
Morgan Stanley
Location:
China-Hong Kong
Remuneration:
not disclosed
Position Type:
Permanent
Employment type:
Full time
Updated:
20 Nov 2009
eFC Ref no:
583249
See job description below
Position Category: Legal/Compliance
Position Title: Legal & Compliance HK, Trade Surveillance Professional (Manager/Senior Manager)
Job Level: Senior Manager
Location: Hong Kong - Hong Kong
Education Required: Bachelors Degree
Position Description: Trade Surveillance Professional (Manager/Senior Manager)
Surveillance is a key component of Morgan Stanley's global compliance framework. In Asia Pacific, Core Compliance conducts surveillance on Hong Kong Institutional Securities businesses and some regional surveillance. The Core Compliance Surveillance Professional is responsible for monitoring relevant Business Units' compliance with laws, regulations, rules and internal policies and procedures.
This role falls within the Core Compliance team in Asia Pacific Compliance, which looks after functions including Licensing, Employee Trading, Surveillance, Regulatory Inquiries and Corporate Disclosures. The incumbent will have the opportunity to participate in the wider activities of the team and is expected to make contributions outside of the specific scope of their role.
Located in Hong Kong, the role will report to the Head of Core Compliance.
Overview of Role
The Core Compliance Surveillance Professional will have several areas of responsibility:
Assist in developing global surveillance strategy and assess local requirements
· Participate in conference calls with colleagues from New York, London and Asia to discuss and agree the global strategies and new surveillance initiatives;
· Coordinate with local Compliance coverage teams in Asia Pacific (ex-Japan) to ensure consistency with global strategies and implementation of global initiatives;
· Assess adequacy and effectiveness of surveillance for different business units and identify areas requiring enhancements and/or new report development;
· Monitor developments in regulation and internal policies and adjust surveillance models accordingly
Execute surveillance programs and supervise team members
· Review and analyze daily surveillance reports and vendor surveillance system alerts, complete relevant supervisory reporting, conduct investigations when necessary and escalate significant or unresolved issues to senior managers in Compliance and the business units;
· Supervise members of the Core Compliance team on their day-to-day surveillance work
Surveillance report development
· Coordinate with IT, vendors and local Compliance across Asia Pacific (ex-Japan) in developing or enhancing surveillance reports;
· Document business requirements and associated policies/procedures to support new reporting;
· Participate in user acceptance testing, including the development of relevant use cases and documentation of results;
· Work other Compliance stakeholders in prioritizing IT projects for Asia Pacific (ex-Japan).
Regulatory Inquiry
· Oversee the processes of retrieving information for regulatory inquires in Hong Kong, Taiwan and India offshore businesses;
· Work with Business Units in response to the regulators where necessary.
Skills Required: Experience Required
- Minimum 5 years' relevant working experience in the financial services industry in Compliance or internal audit or with a securities exchange or securities regulator;
- Preference will be given to candidates with relevant experience in surveillance for equity and fixed income sales and trading, institutional;
- Experience on the operations side of the securities business is helpful.
