Associate - Legal and Compliance

Job Description

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Division: Legal & Compliance (LCD)

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Super Department: Non-Financial Risk

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Department: Global Compliance

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Sub-Department: Sales & Trading Surveillance, Wealth Management Surveillance, Regulatory Inquiries Group

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Region: Global

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Job Title: Associate

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Firm

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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.

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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.

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Division

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LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

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The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

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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.

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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) and Government and Political Activities Compliance (GPAC) programs.

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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.

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LCD Center of Excellence - Mumbai (LCD CoE) is a part of Morgan Stanley's Global Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.

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Team: Surveillance

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The Surveillance team performs an independent monitoring/oversight of Compliance reports that look for breaches to internal policies and/or regulatory requirements by Financial Advisors/Fund Managers/ Traders/ Institutional Clients.

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Examples Of Patterns Captured In The Reports Are

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• Insider Trading  
• Ramping  
• Front Running Etc.  

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Primary Responsibilities (Day Job)

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There will be several areas of responsibility including, but not limited to, following:

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• Review and analyze trade surveillance reports/ alerts, and sign off alert completion related to employee and client trading activities;
• Liaise with Compliance colleagues, Operations and Front Office staff to investigate surveillance alerts as necessary;
• Conduct investigations on irregularities and abnormal activities and document findings;
• Assist in finding trends and patterns of high-risk clients/ traders, by analyzing their trading activities;
• 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;
• Create Management Information Reports on a periodic basis;
• Identify efficiency opportunities by coming up with suggestions to tune/ optimize existing scenarios using available/ newer technologies;
• Assist working/ supervising regulatory inquiries by performing data extraction, data validation and/ due diligence;
• Assist in regulatory inspections, internal audits by providing requested data / addressing respective queries;
• Assist in the delivery of surveillance related projects or initiatives.

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Interaction with IT

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• Work with IT and / or vendors in enhancing/ developing new tools;
• Participate in testing/ requirement drafting of new models/reports; and

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Requirements

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Experience

• 5 - 9 years of relevant working experience in the financial services industry in Compliance or internal audit or with a securities exchange or securities regulator.

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Knowledge

• Possess excellent knowledge of financial instruments and markets.
• Basic understanding and knowledge of trading mechanisms across different financial instruments/ markets.
• Should possess knowledge of trade booking and settlements

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Skills and Qualities

• Industry Qualifications I.e. Post Graduate / MBA In Finance
• Knowledge of global markets / market regulations
• Understanding the implications of risk involved
• Excellent verbal and written English communication skills - ability to effectively correspond with various groups and senior professionals over email and the telephone
• Strong Analytical Skills and attention to detail
• Experience interpreting laws or regulations
• Knowledge of trade booking and settlements
• Must be able to maintain a high level of organization under pressure

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Coverage

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• 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)

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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.

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What You Can Expect From Morgan Stanley

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We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

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We're committed to bringing passion and customer focus to the business.

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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.