eFinancialCareers

• Company

  Morgan Stanley

• Location

  UK-London

• Compensation

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  25 Nov 2009

• eFC Ref no

  582348

Position Description

1. Job Objective
   
   To assist the Firm as a whole, as well as individual business units, to comply with UK legislation and regulation, and applicable European and foreign legal requirements.
   
   2. Job Dimensions
   
   The EMEA 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, financial, 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 SROs, exchanges, and other bodies; and Firm policies and procedures.
   
   The Control Group in the Compliance Department is responsible for various aspects of the maintenance of the Firm's Information Barriers (Chinese Walls), including the Firm’s Watch and Restricted Lists, review of research reports, preclearance of certain transactions, and trade surveillance as well as general advice and issue escalation in connection with a wide range of issues. The team consists of six team members plus one manager divided into 3 main worsktreams - Investment Banking, Sales & Trading and Research.
   
   3. Principal Duties
   
   a. Maintenance of Information Barriers
   
   Ensure compliance with procedures designed to prevent conflicts of interest between the Investment Banking and Sales, Trading, and Research activities conducted by the Firm. Closely monitor status of the Firm's investment banking projects and maintain Watch List and Restricted List (and related administration);
   
   This vacancy is in the group’s Sales & Trading workstream and the principal duties below reflect this -
   
   b. Surveillance Supervision
   
   The main purpose of this role is to act as the regional Surveillance Supervisor for the Control Group. This will involve proactively ensuring that all Control Group trade monitoring is being performed in full and with all issues escalated as appropriate. This role will also involve performing some of the trade surveillance as required.
   
   d. Advice and Interpretation
   
   Provide advice and interpretation of Morgan Stanley’s policies and regulatory requirements, particularly relating to Restricted List, communications between Research and Sales & Trading, own-account dealing, and working with internal lawyers and other compliance teams as required.
   
   e. Other
   
   (i) participate in regional and global system and IT development projects aimed at enhancing the Control Group’s surveillance program;
   (ii) participate in audits and Annual Compliance Review as required;
   (iii) update existing procedures and develop new policies on an ongoing basis;
   (iv) participate in training to business units;and
   (v) liaise with business risk management teams and others in global compliance teams as required.
   
   
   . Primary Contacts
   
   Due to the diverse and widespread nature of the team’s role, the team members are in close constant contact with staff from Compliance, Legal and the 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 the Hong Kong and New York teams. .
   
   Supervision
   
   The successful candidate will report to the Control Group Manager who reports into the Head of Private Side and Research Compliance. Training needs for the individual would be reviewed regularly.

Skills Required:

The ideal candidate should possess the following skills and qualities:

• University graduate or equivalent degree preferred (in business, accounting or law ideally)
• Familiarity with general UK and US compliance issues and relevant laws and regulations, eg, US Securities Act, and the UK Financial Services Act 2000. Particular experience with insider dealing and Information Barrier issues, Market Abuse, Financial promotion, Code of Market conduct and applicable laws and regulation.
• Good knowledge of equity and fixed income products required plus a working knowledge of at least one of Research or Investment Banking
• Good analytical and numerical skills
• Ability to remain focused under pressure
• Detail oriented and good memory skills
• Ability to perform multiple tasks simultaneously
• Able to work both as a team player as well as independently