eFinancialCareers

• Company

  Morgan Stanley

• Location

  Australia-Sydney

• Compensation

  not disclosed

• Position Type

  Employee

• Employment type

  Full time

• Updated

  09 Jan 2009

• eFC Ref no

  482212

See job description below

Position Category: Legal/Compliance

Position Title: Compliance Sydney, Senior Professional

Job Level: Manager

Location: Australia - NSW - Sydney

Education Required: Refer to Position Description

Position Description:
POSITION SUMMARY

The Senior Compliance Professional's main focus is to assist the Head of Australia Compliance with day to day compliance responsibilities to manage Morgan Stanley's regulatory risk and preserve the Firm's franchise through assisting the local and off-shore regulated institutional businesses to comply with, and monitor for compliance with, applicable laws, regulations, rules, internal policies and procedures, standards and industry best practice.

Ideally we are looking for someone who has Compliance experience in the following business units and product coverage groups, who will be able to provide full coverage/backup for the Head of Compliance.

BUSINESS UNIT & PRODUCT COVERAGE

Consolidated Equities Division - institutional equities and derivative products;
Fixed Income Division - fixed income, foreign exchange, OTC's, futures;
Investment Banking Division - corporate transactions;
Equity Research - institutional research product; and
Infrastructure Divisions - settlement, IT, controller and operational global support.

KEY RESPONSIBILITIES

• Industry Developments - Keep abreast of industry developments by reading media releases, newspapers, regulatory circulars and bulletins, attending industry seminars etc and ensuring Head of Compliance and relevant business units are informed of relevant regulatory changes in addition to ensuring relevant compliance documentation is updated accordingly;
• Compliance Advisory - Provide timely advice in relation to Compliance related enquiries from all Business Units including sales and trading queries, new product approvals etc;
• Surveillance - supervise the surveillance of trading by the Institutional Equities Desk;
• Compliance Training - Conduct compliance induction training for new staff and assist in the preparation and conduct of relevant Compliance training for various business units;
• Statutory Registers - assist in the maintenance of such registers;
• Compliance Policies, Procedures, Manuals and Rule databases - draft, update and maintain;
• Regulatory Liaison - investigate, compile and draft responses to regulatory enquiries, inspections Self Assessments and regulatory notifications;
• Meetings/Committees - Attend and prepare documents for regular internal meetings and committees to keep members apprised of any regulatory developments or regulatory risks;
• Compliance Reviews - Conduct Desk Reviews of Morgan Stanley's Aust businesses to monitor for compliance with policies and procedures and prepare draft reports of findings for management.




Skills Required:

REQUIRED SKILLS / EXPERIENCE/ QUALIFICATIONS

• Existing Compliance knowledge and 4+ years experience from an Institutional Investment Firm or working in a compliance department or with a regulator.
• Previous compliance or legal experience is definitely an advantage and is preferred, although the candidate could have been in another highly regulated field.
• Graduate/Undergraduate degree in either Law, Economics, Commerce, Business or Post Graduate in Investment & Applied Finance with the Securities Institute, or other industry qualification
• Strong Knowledge of the Corporations Act and ASX Market Rules. Working knowledge of the SFE Operating and Clearing Rules
• Strong practical product knowledge of cash equities, derivatives (ETO's, Futures, OTC's), fixed income products and automated trading engines
• Preference will be given to candidates with strong institutional equity and fixed income Compliance experience with a Global Investment Firm



Skills Desired:

DESIRABLE ATTRIBUTES

• Ability to work effectively in a small team environment
• Quick study
• Ability to work independently, if required
• Detail-orientated
• Excellent verbal and written communication skills
• Strong analytical skills
• Ability to work under pressure when required
• Professional attitude