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Director - Wealth Management & Control Group Monitoring
Morgan Stanley
New York, NY, United States
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Description
Company Profile
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.
Department Profile
Professionals within Legal and Compliance provide a wide range of services to our business units. 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 policies and procedures that meet regulatory requirements around the world. 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 Team
India Core Compliance (“ICC”) is an extended arm of different global Compliance teams. ICC is responsible for executing aspects of Compliance oversight including monitoring and/or testing activities across divisions such as Institutional Sales and Trading, Wealth Management, Investment Management and the Global Financial Crimes function. Specific activities managed by the ICC include, but are not limited to, the targeted testing of business areas and/or compliance controls and the monitoring of firm, client and employee trades, outside business interests, negative news activity, and wires and securities settlement transactions.
Primary Responsibilities
The Compliance Director will have several areas of responsibility including, but not limited to, following:
-Participate in defining and documenting the operating processes for processing Monitoring models;
-Lead by example and guide junior members in the team;
-Help the senior manager in making the team and processes more efficient;
-Create Management Information Reports on a periodic basis;
-Monitor development in regulatory requirements and adjust surveillance models accordingly;
-Review and analyze trade surveillance reports and vendor surveillance system alerts, and sign off alert completion related to employee, client and firm trading activities;
-Conduct investigations on irregularities and abnormal activities and document findings; and
-Escalate unresolved issues or potential violations of the Morgan Stanley’s policies or external rules and regulations to his/her Manager, Coverage Compliance and Senior Management of Business Units.
Interaction with IT
-Work with IT and / or vendors in developing new tools;
-Participate in Requirement drafting and User Acceptance Testing of new models/reports; and
-Assess adequacy and effectiveness of surveillance and enhance existing surveillance models.
Qualifications
Skills required (essential)
Experience
-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 about equity markets;
-Preference will be given to candidates with relevant experience in Trade Surveillance;
-At least 2 years of People Management.
Knowledge
-Have extensive knowledge of Monitoring and Surveillance
-Possess a strong understanding of financial markets and banking
-Maintain awareness of current laws, rules and regulations
Skills and Qualities
-Possess leadership qualities with the ability to assess and develop individual testing skills of junior team members by providing timely constructive feedback
-Have excellent interpersonal skills and ability to work effectively with colleagues across regions and Business Units
-Ability to research and resolve issues independently
-Have strong written and verbal communications skills, attention to detail and effective time management skills
-Possess the ability to research and resolve issues independently
-Have the ability to use various PC, MS Office and internet applications
-Possess strong analytical thinking and critical reasoning skills
-Have the ability to effectively handle a fast paced environment and successfully meet established deadline requirements
-Be self-motivated and must have the ability to work independently
Skills desired
-Pragmatic and analytical problem solving skills;
-Attention to detail;
-Excellent verbal and written English communication skills; and
-Knowledge of trade booking and settlements for Asia Pacific markets is helpful.
Coverage
Monday to Friday from 9:00 AM to 6:00 PM. Coverage is dependent on business needs so flexibility on required finish time or full day’s coverage may be required during some Indian holidays