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.
Team Profile
The Control Group is responsible for monitoring the Firm's Information Barriers, policies and procedures implemented to maintain said Information Barriers and pre-clearance of certain business activities that may present potential conflicts of interest. The Sales and Trading coverage team within the group is primarily responsible for the clearance, review and takeover panel reporting of the trading activities of the firm and it's employees as well as email surveillance and the maintenance of the Firm's Watch and Restricted Lists.
Day-to-day responsibilities of the members of the Control Group Sales & Trading Coverage include, but are not limited to:
- Review, appropriate resolution and documentation of new Watch List and Front-Running Surveillance alerts assigned to them as well as the closure of surveillance work items related to already open surveillance issues.
- Ongoing Watch and Restricted List maintenance, including necessary interactions with private side deal team members or other relevant LCD or business unit contacts.
- Documentation and relevant notifications under the Firm's Wall Crossing policies and procedures.
- Restricted List guidance for the sales & trading and asset management businesses, including the pre-clearance of relevant principal trading activity.
- Employee trade pre-clearances for business units or individuals subject to trade pre-clearance with the Control Group due to their private side, Above-the-Wall or Over-the-Wall status.
The Control Group Manual and the Surveillance Manual - Watch and Restricted List, among other policy and procedure documents, provide further details on Control Group responsibilities.
Escalation
If an issue or problem comes to the attention of the member of the Control Group Sales & Trading Coverage Team, the individual should determine whether it is necessary to consult with their immediate supervisor, the Regional Control Group Manager, the Global Head of the Control Group, Litigation, LCD Management, or other appropriate areas. Notwithstanding relevant supervisory reviews that would identify this, if the individual feels they cannot complete their assigned responsibilities or cannot complete them timely, the individual should bring that to their supervisor's attention.
Primary Contacts
Due to the diverse and widespread nature of the team's role, the team members are in close constant contact with other staff from Legal and Compliance and various business units. Interaction can often be with very senior members of staff. The Firm runs a global Control Group and there is regular contact with staff in Tokyo, London and New York.
Supervision
The successful candidate will report to the Asia Control Group Surveillance Manager who reports into the Asia Head of Control Group. Training needs for the individual would be reviewed regularly. Skills required
> University graduate or equivalent degree (in business, accounting or law ideally)
> The candidate does not need previous Control Group experience;
> Familiarity with general compliance issues and relevant laws and regulations. Particular experience with insider dealing and Information Barrier issues, Market Abuse, Financial Promotion, Code of Market Conduct and applicable laws and regulations would be a benefit
> Professionally mature and articulate
> Good analytical and numerical skills
> Good communication skills in order to present views to senior management and to explain technical requirements
> Ability to remain focused under pressure, identify and set priorities for others, perform multiple tasks simultaneously
> Able to develop strong relations with business units
> Able to provide supervision of other staff and have experience of providing feedback and developing other team members
> Experience of identifying, evaluating and implementing improvements that either increase the performance of the CG or improve risk management
> Able to work both as a team player as well as independently
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.
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