Private Wealth Management Asia, Business Control Unit team, AML, Director/ AVP, Hong Kong

About The Firm

Morgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 42 countries, the firm’s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com.

About The Role

The Product and Client Risk team operates within Business Control Unit team of Asia Private Wealth Management (AWM) business as the first line of defense; the team is responsible for structuring and implementing the risk management framework around client portfolio management, customer feedback, product governance, trade approvals, and asset transfers of the AWM business.

The successful candidate will be primarily responsible for leading the efforts on client lifecycle and transaction-level review for AWM business

Key Responsibilities

• Execute a robust framework on independent review and risk analysis of client portfolios involving various kinds of investment products, through comprehensive review per relationship manager, as well as in-depth analysis of each portfolio
• Advise and review client lifecycle events and customer feedback, and collate relevant information for stakeholders to consider and evaluate
• Review, assess and approve complex and/or bespoke asset transfer requests for clients of AWM, consistent with appropriate anti-money laundering (AML), counter-financing of terrorism (CFT) and anti-fraud standards
• Conduct independent investigation on complex and/or bespoke asset transfer requests through working with client-facing teams as well as other control functions including Business Managers and Operations
• Escalate and present issues arising from daily reviews to management and/or second line of defense where appropriate
• Provide general client event management / AML / CFT / anti-fraud advice and guidance to AWM business units and relevant stakeholders in daily operations
• Maintain and document the processes and practices on reviewing client events and transactions
• Well versed with the regulatory requirements across relevant areas; and implement required controls to ensure compliance and assist in different projects focusing on risk and control aspects
• Produce regular management information to senior management, as well as other local and global stakeholders
• Prepare training materials and deliver training to internal stakeholders
• Support regulatory inspections and internal audits and take responsibility for remedial actions
• Provide cross coverage to Singapore’s risk team where necessary
  
  

Qualifications, Skills & Requirements

• Bachelor degree or above in Accounting / Business / Economics / Finance / Law / Risk Management or related disciplines, relevant qualifications (such as CAMS, AAMLP/CAMLP, FRM, CPA, etc.) would be an advantage
• At least 7 or more years of relevant client portfolio review / customer feedback / AML / CFT / anti-fraud professional experience, preferably within private wealth management/private bank
• Prior experience in reviewing client lifecycle events and asset transfer requests, e.g. from perspectives of AML, CFT, anti-fraud, etc.
• Extensive experience and understanding in investment products commonly available in private wealth management/private bank, including vanilla and exotic derivatives on equity, FICC, etc.
• Proficient in customer feedback/AML/CFT/anti-fraud regulations and requirements in Asia-Pacific countries, notably Hong Kong, Singapore and international standards
• Strong oral and written communication skills in English and Chinese language
• Phenomenal interpersonal and relationship management skills
• Outstanding analytical, problem solving skills and work under stress
• Highly motivated with the ability to multi-task and remain organized in a fast-paced environment
• A self-motivated fast learner and a good team player
  
  

What You Can Expect From Morgan Stanley

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.

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

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.