Global Financial Crimes PWM Client Risk - Director

We’re seeking someone to join our team as a Director, Global Financial Crimes – PWM Client Risk Unit in Legal & Compliance to oversee the GFC PWM Client Risk Unit (“CRU”) and serve as point of escalation in Hong Kong on matters related to review of higher risk clients during onboarding, periodic review and trigger events.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Global Financial Crimes (“GFC”), an integral part of the global Legal and Compliance Division, coordinates the day-to-day implementation of the Firm’s enterprise-wide financial crime prevention efforts.  GFC has responsibility for governance, oversight and execution of the Firm’s Anti-Money Laundering (AML), Sanctions, Anti-Corruption, Anti-Tax Evasion, and Government and Political Activities Compliance programs.

GFC also develops and assists in the development of appropriate policies and procedures, including those designed to help the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activities.

GFC has dedicated coverage managers and teams who advise the business unit regarding their AML, economic sanctions, anti-corruption, anti-tax evasion, and political activity obligations and on particular clients and transactions.

Morgan Stanley’s GFC team is charged with day-to-day oversight and coordination of the AML, economic sanctions, anti-corruption, anti-tax evasion, and political activity obligations program covering the Firm's businesses globally. The Firm is currently seeking a driven and experienced professional to cover the Private Wealth Management (“PWM”) business. This role is based in Hong Kong.

What you'll do in the role:

• Oversee the GFC PWM Client Risk Unit (“CRU”) and serve as point of escalation in Hong Kong on matters related to review of higher risk clients during onboarding, periodic review and trigger events.

• Manage, develop and coach the CRU team to enhance their subject matter expertise in support of the Firm’s GFC program.

• Advise on transactional due diligence with respect to clients, counterparties, co-investors, and target companies or assets and provide guidance to the business on due diligence requirements.

• Supervise KYC and client due diligence processes including assessing the financial crime risk associated with potential and existing high-risk clients via the EDD process.

• Draft, revise and execute on policies and procedures.

• Develop content and deliver training to the business units, Risk, Operations and other functions. Monitor regulatory developments and new rules or requirements.

• Assist with responding to regulatory exams and other inquiries and internal audits, including overseeing document production.

What you'll bring to the role:

• Bachelor’s degree.

• At least 8 to 10 years of relevant experience in Financial Crimes Compliance, regulatory experience preferably relating to private wealth business, financial institutions or banking.

• Strong working knowledge of Hong Kong’s AML/CFT and sanctions laws and regulations.

• Experience in managing a team and working with overseas counterparts.

• Strong oral and written communication skills.

• Good interpersonal and stakeholder management skills.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.