This job has expired, please see additional jobs below
Global Financial Crimes, APAC Core Functions, Alert Clearing (Director)
Morgan Stanley
Hong Kong, , Hong Kong
Job Details - this job has expired, please see similar jobs below
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 and Background of the Team
Morgan Stanley’s Global Financial Crimes (GFC) Group, an integral part of the global Legal and Compliance Division, is charged with day-to-day oversight and coordination of the AML, Sanctions and Anti-Corruption Program covering all of the Firm's various businesses globally.
Headquartered in Hong Kong, the Asia Financial Crimes Group includes dedicated personnel in Singapore, Australia and Tokyo.
Primary Responsibilities
Based in Hong Kong and reporting to the Regional Head of Core Functions, this role will supervise GFC APAC alert clearing, including transaction monitoring (“TMS”), negative news screening (“NNS”), and ongoing sanction and watch lists screening (“GS3”). GFC APAC alert clearing includes coverage for APAC Private Wealth Management, APAC Institutional Securities Group and Australia Wealth Management and Private Wealth Management. Tasks include:
• Alerts allocation management and reviews (TMS, NNS, GS3, Chinese NNS and World-Check alerts on clients and employees)
• Monitoring of status and aging of sales team enquiries
• Alerts escalation preparation and presentation to GFC team via weekly investigation meeting
• Post-escalation support assisting GFC team in investigation of suspicious alerts, including communications with various business units (e.g. sales team, Legal Entities Group (LEG), Legal and Compliance) for enquiries, case creation and closure
• Tracking of escalated alerts to monitor aging and ensure status update at least on a weekly basis (complying with bi-weekly update of escalated alerts set down by global policy)
• Escalations and relevant status update documentation
• Participating in monthly regional Quality Assurance (QA) meeting
• Facilitating communication of global QA standards (including quick closure codes) on alerts clearing between QA Team and GFC APAC alert clearing teams.
• Communication with EMEA GFC Team on late/incorrect reallocation
• Alerts tracking, monitoring and trend analysis
• Weekly MI reports generation and reporting
• Keeping of various monitoring logs (e.g., investigation log, escalation log, data clean up log, incorrect L1 escalation log, etc) to facilitate GFC’s team management reporting and process monitoring
• Working with vendors (CRISIL, FinScan etc.), including planning, onsite and offsite training, health checks, daily support, L2 escalation review and quality check, facilitating communication between GFC/QA Team and vendor, status reports to GFC Team, workflow improvement to accommodate vendor escalation and record keeping)
• Coordinating rework of L1 and L2 alert clearing
• UAT, implementation, onsite technical, and other support for alerts clearing enhancements
• Ad hoc MI reports to comply with regulatory requests
• Coordination (and training) for Mumbai Ops and Bangalore Data Ops
• Review and updates of alerts clearing policies and procedures
• Review of Heightened Supervision List (HSL) alerts
• Assisting with Internal Audit enquiries in alerts clearing*LI-GK2
Qualifications
-Bachelor’s degree
-At least 3 years of relevant experience in AML Compliance
-Experience in the securities or broker-dealer business or wealth management / private banking would be an asset
-Strong oral and written communication skills in English
-Fluency in written Chinese (traditional or simplified) advantageous