Mar 18, 2024
Non-Japan Asia-India-Maharashtra-Mumbai (MSA) Refer to Position Description
Compliance Full Time Vice President
Division: Legal & Compliance (LCD)
Department: Surveillance
Region: APAC
Job Title: Vice President
Employment Type: Full Time
Location: Mumbai (Nirlon Knowledge Park)
Firm
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, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Division
Legal and Compliance
Legal & Compliance Division (LCD) comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.
The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.
The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.
Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG), Government, and Political Activities Compliance (GPAC) programs.
The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.
LCD Center of Excellence - Mumbai (LCDCoE) is a part of Morgan Stanley's Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy
Team Profile
The APAC Trade Surveillance team is responsible for designing, implementing, and operating a range of automated surveillance controls and manual monitoring to detect and report market abuse and other misconduct risks across the Firm's institutional securities (ISG) and private and international wealth management businesses.
The team works closely with global colleagues and stakeholders across the Firm (including staff in Legal and Compliance, Business Control Unit, Risk Management, Operations and Technology) to promote the ongoing development and effectiveness of the surveillance program.
In addition, the team supports APAC Regulatory Inquiries' handling that covers all APAC markets, including Australia (and New Zealand), China, Hong Kong, India, Korea, Singapore, Taiwan and Southeast Asia markets (including but not limited to Indonesia, Malaysia, Philippines and Thailand).
Primary Responsibilities (Day Job)
The candidate will have several areas of responsibility including, but not limited to, the following:
Overseeing or conducting the daily surveillance of equities, derivatives, fixed income and commodities trading to monitor for compliance with regulatory and exchange requirements.
Liaising with Compliance colleagues, Operations and front office staff to investigate surveillance alerts as necessary.
Resolving escalated alerts appropriately and promptly, documenting results clearly and escalating possible exceptions as appropriate.
Monitoring the efficiency and effectiveness of reports.
Conducting ad hoc trading reviews to support Legal and Compliance colleagues, including detailed incident reviews as necessary, reporting suspicious trading activities the relevant regulators, exchanges or other competent authorities as required.
Assisting with the design and deployment of new controls, in addition to the enhancement and calibration of existing controls.
Assisting in the delivery of surveillance related projects or initiatives.
Maintaining effective and constructive working relationships with staff located in other regions across a range of levels, building relationships with internal clients and collaborating with colleagues across the APAC region and in global surveillance teams to deliver the surveillance program.
Working with key stakeholders (e.g. Sales & Trading Coverage, Business Control Unit, Risk Management, Technology, third party vendors) to identify, design and implement enhancements to the surveillance program.
Assisting in the production and enhancement of Management Information (MI) reporting.
Providing expert advice to the Regulatory Inquiries and business-line Compliance teams on surveillance matters, including trading behavior, exchange functionality, market dynamics, suspicious behaviors, etc.
Requirements
Experience
10+ years of 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 Trade Surveillance and Regulatory Inquiries in APAC markets
Knowledge
Excellent knowledge of rules and regulations.
Excellent knowledge of market abuse risk, including insider trading and market manipulation.
Strong knowledge of exchange-listed and OTC products, both equities and fixed income and the respective market infrastructure.
Skills and Qualities
Excellent communication skills: able to communicate complex scenarios and concepts clearly, concisely and effectively, both verbally and in writing, to stakeholders across all levels.
Strong analytical skills; experience of handling, analysing and presenting large data sets to identify exceptions or anomalies.
Proven experience of analysing control logic or thresholds to assess effectiveness and identify possible enhancements.
Bright, organised and well-developed execution skills; capable of managing competing deadlines.
Confidence to use own initiative and apply judgment in an in-house context.
Proven ability to develop rapport and promote effective 2-way communication with colleagues in global offices, fostering trust and an environment which supports development and constructive feedback.
Adaptable and willingness to assist and support colleagues, promoting the overall success of the APAC surveillance program.
Experience using third party trade surveillance tools (e.g. Nasdaq Trade Surveillance, Actimize) and market data vendors (e.g. Bloomberg, Reuters Eikon).
Use of Tableau/SQL to query large data sets.
Post Graduate Degree/ MBA in Finance or Financial Engineering/Technology.
Coverage
Monday to Friday from 09:00AM to 6:00PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays)
Read Full Description