Global Financial Crimes – Legal: (Asia Pacific) Senior Financial Crimes Counsel, Executive Director (Hong Kong)
July 20, 2020
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 747 offices in 42 countries. 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 to grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
Global Financial Crimes (GFC) coordinates day-to-day implementation of the Firm's enterprise-wide financial crime prevention efforts. GFC includes several legal and compliance disciplines and has responsibility for governance, oversight and execution of the Firm's Anti-Money Laundering (AML), Economic Sanctions, Anti-Corruption, and Government and Political Activities Compliance programs. GFC also develops and/or assists in the development of appropriate policies and procedures, including those designed to assist the business units to know their clients and conduct appropriate due diligence and to prevent, detect and report potentially suspicious activity. GFC has dedicated coverage managers and teams of analysts who advise and counsel each business unit regarding its AML, economic sanctions, and anti-corruption obligations and its particular clients and transactions.
Morgan Stanley is committed to a strong GFC program to protect against the use of the Firm's products, services, and facilities for prohibited transactions or the purpose of evading, avoiding or otherwise circumventing sanctions, AML or anti-corruption laws and regulations. The Firm has adopted a comprehensive, risk-based program to ensure compliance with applicable laws, regulations and government guidance. GFC Legal Advisory provides legal advice, expertise, and guidance to all business lines and works closely with senior members of GFC in support of the enterprise-wide program.
The Senior Financial Crimes Counsel (APAC) will be part of a global team of in-house attorneys collectively responsible for coverage of legal and regulatory matters pertaining to AML, sanctions, and anti-corruption issues for all business units. The role will report jointly to the APAC General Counsel and APAC Head of GFC in Hong Kong and the Head of GFC Legal in New York, and will focus on coverage for business units in the APAC region with global connectivity to other team members in Hong Kong, New York, and London.
Specific job responsibilities include:
Provide legal advice and support to business and compliance teams on issues related to AML, sanctions, and anti-corruption laws and regulations, including the USA PATRIOT Act, Bank Secrecy Act, OFAC/HMT regulations, U.S. Foreign Corrupt Practices Act (FCPA), UK Bribery Act, etc.
Review and advise on transactional due diligence pertaining to AML, sanctions, and anti-corruption
Draft and negotiate contractual provisions pertaining to AML, sanctions, and anti-corruption issues across all business lines
Inform and advise APAC Head of GFC on legal financial crime risks potentially impacting the Firm's clients, transactions, and/or business practices
Shared supervision of APAC Anti-Corruption Compliance Officer
Understand, advise on, and assist with implementing the Firm's Global KYC Standards across the Firm
Review, interpret, and advise on relevant laws and industry best practices pertaining to AML, sanctions, and anti-corruption
Assist, and work with outside counsel as necessary, in representing the Firm before legal and regulatory authorities in matters related to AML, sanctions, and anti-corruption legal issues
Assist with responding to APAC regulatory exams and other inquiries, and internal audits, including overseeing document productions
Provide support for special projects arising from the administration of the GFC program
Develop content for and deliver specialized training to relevant internal audiences concerning AML, sanctions, and anti-corruption legal issues
Liaise and coordinate within GFC and with key stakeholders across the Firm, including Legal, Compliance, Regulatory Relations, and Risk, to ensure appropriate execution of the Firm's enterprise-wide financial crimes prevention program
Juris Doctor (JD) degree with strong academic credentials
8+ years of relevant experience, preferably at a large/complex financial institution, law firm, or government/regulatory body
Detailed understanding of the laws, rules, and regulations pertaining to AML, sanctions, and anti-corruption
Ability to understand and assess a wide variety of complex commercial transactions
Highly-motivated self-starter able to work independently while collaborating and coordinating as part of a global program
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment
Exceptional written and verbal communications skills, attention to detail, and effective time management
Strong people management and project management skills
Sound judgment and an ability to appropriately escalate issues internally
Proven ability to handle highly confidential information professionally and with appropriate discretion
Outstanding interpersonal skills and team-player attitude
Proficiency with MS Word, Excel, PowerPoint, and Outlook
Strong understanding of financial markets and banking transactions
Relevant government or regulatory experience
ACAMS Anti-Money Laundering Specialist certification or equivalent certification or license