Head of Hong Kong Trade Surveillance and Regulatory Inquiries (VP)
Location: Non-Japan Asia-Hong Kong-Hong Kong-Hong Kong
Head of Hong Kong Trade Surveillance and Regulatory Inquiries
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 1,200 offices in 43 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, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Professionals within the Legal and Compliance Division provide a wide range of services to our internal and external stakeholders. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the Firm’s invaluable reputation for integrity and protect the Firm from sanctions with a Legal and Compliance framework that meets regulatory requirements. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firm’s businesses.
Background on the Position
Morgan Stanley Compliance is looking to appoint a Head of Surveillance and Regulatory Inquiries for Hong Kong within the Legal and Compliance Division. This role will lead strategy for Surveillance in Hong Kong, working closely with Compliance product and country coverage teams, global Compliance practice leads, local business lines, and support functions (including IT and Operations). Additionally, the role will be responsible for responding to regulatory inquiries.
The role will have a dual reporting line: a direct reporting to Asia Head of Monitoring based in Mumbai, and a dotted reporting to the Asia Pacific Head of Institutional Equity Division Compliance based in Hong Kong.
· Strategize and evolve the Hong Kong Trade Surveillance program, considering regulatory developments and business changes;
· Manage the Hong Kong Surveillance team and partner with the offshore Surveillance team in India;
· Supervise the closure of Trade Surveillance reports and vendor surveillance system alerts, and sign off on the completion and quality of the reviews performed by the team;
· Conduct reviews on irregularities and abnormal activities;
· Manage Hong Kong and regional surveillance projects from original concept to final implementation;
· Maintain relationship with Compliance Coverage teams and Business Units;
· Create and present Management Information on a periodic basis to senior management;
· Work with IT and / or vendors in developing new tools and Surveillance models; and
· Participate in Requirements Drafting and User Acceptance Testing of new Surveillance models.
· Retrieve information for regulatory inquires for Hong Kong, the PRC, Taiwan, Korea and India foreign investor businesses (i.e. QFII, Stock Connect, FINI, II, FPI);
· Work with BUs and Compliance Advisory teams in responding to the regulators, where necessary.
· Assist Litigation to conduct order/ trade data analysis
· Continuously work with IT to ensure the Regulatory Inquiry system/ tool is up-to date and accurate
Skills required (essential)
· 7+ years of relevant working experience in the financial services industry in Compliance or Internal Audit or with a securities exchange or securities regulator;
· Excellent knowledge of equity markets and trade surveillance;
· Pragmatic and analytical problem solving skills;
· Attention to detail;
· Strong verbal and written English communication skills, with Chinese language skills advantageous
- Internal Audit
- User Acceptance Testing