Private Wealth Management (PWM) Compliance, Vice President, Singapore

  • Competitive
  • Singapore
  • Permanent, Full time
  • Morgan Stanley
  • 16 Oct 17 2017-10-16

See job description for details

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
International Wealth Management (IWM) is the Private Wealth Management Division of Morgan Stanley in Asia, focusing on servicing the investment needs of ultra-high net worth individuals.

PWM Compliance is responsible for assisting in managing the Firm’s PWM Business regulatory risks and helping to preserve the Firm’s franchise through ensuring Business and Infrastructure Units’ compliance with laws, regulations, rules and internal policies and procedures.

Primary Responsibilities
-Ensure compliance with laws, regulations and rules and the Firm’s policies, procedures and standards.
-Advise the PWM Business Unit on all regulatory Compliance matters in particular in the areas of product and suitability, procedure manuals.
-Work closely with PWM Management on new business proposals and regional projects as well as represent Compliance in relevant committee meetings.
-Develop policies and procedures to facilitate compliance with laws, regulations and rules and the Firm’s policies, procedures and standards and industry best practice, and monitor for compliance with these policies and procedures.
-Maintain Compliance documentation including Compliance Notices, rules database, and Compliance plans.
-Perform daily, monthly and ad hoc surveillance of sales and trading activities.
-Conduct periodic desk reviews/audits of the firm’s activities.
-Provide oversight to ensure staff are properly registered and trained.
-Monitor for regulatory changes and communicate such to the relevant staff.
-Handle internal, external and regulatory inspections and audits.
-Deal with ad hoc regulatory inquiries.
-Provide training to both professionals and support staff of the Business and Infrastructure Units.
-Develop new surveillance reports and systems with IT*LI-GK2


Skills required (essential)
-Minimum 10 years’ relevant working experience in the financial services industry in Compliance or related fields or with a securities exchange or securities regulator.
-Candidates with past working experience with MAS or who have strong private banking as well as both Hong Kong and Singapore regulatory background will be at an advantage.
-Excellent verbal and written English communication skills are essential and fluency in Asian languages e.g. Mandarin or Cantonese advantageous.
-Strong analytical skills, thoughtful.
-Fast learner
-Ability to act independently.
-Good team work skills.