Director - Compliance

We’re seeking someone to join our team as a Director in Compliance department with Coverage responsibility for India Global Centre. The role will be based in Mumbai. It is expected the Compliance individual will help raise compliance standards across the Firm in the relevant coverage areas, helping ensure consistency where appropriate compliance processes and controls.
It is an independent second line of defense providing oversight, challenge and advisory related to compliance and integrated risk management

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk.

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.

What you'll do in the role:

• Working closely with India senior management and Asia Pacific Legal and Compliance Division management

• Ensuring internal stakeholders, colleagues and staff are informed of relevant legal and regulatory developments and their implications, particularly as relates to the Firm's offshoring operations in India

• Advisory - Provide advice and guidance on regulatory interpretation and compliance issues with specific focus on STPI and related regulations. Having understanding of GFT, MCA, FTP, Indian customs, basic knowledge of Data Privacy, will be an added advantage

• Contact with regulators and auditors

• Communicating with local regulators and maintaining regulatory relationships:

• Liaising with internal clients, outside legal counsel, colleagues and staff to manage regulatory risk, including local licensing and regulatory issues and compliance with relevant laws and regulations

• Coordinating with external vendors on compliance issues

• Review/prepare license applications etc.

• Liaise with internal and external lawyers / experts for advice and opinions on various regulatory issues; and

• Participating in industry working groups.

• Assist in defining an evolving annual Book of Work which is regularly reviewed with the senior stakeholders

• Compliance policies and procedures - Review manuals and Compliance Notices to ensure they are properly revised or updated when necessary, and draft new manuals, Compliance Notices, policies and procedures in light of regulatory or business changes.

• Global / regional coordination - Develop close working relationship with global and regional counterparts within second line of defense, as well as other relevant stakeholders

• Strengthen engagement model with respective Compliance teams from respective sending locations

• Coordinate with internal teams to deliver Global Center (GC)-wide projects

• Assisting in implementation of the Firm's compliance and risk policies and procedures and dissemination of the compliance culture, Firm's core values and Code of Conduct within the Firm's offices in Mumbai and Bengaluru

• Assisting in designing training materials and conducting training sessions

• Assisting in compliance monitoring, test checking and reviews of the offshoring business units;

• Review of Firm's requirement around Global Regulations on Outsourcing including subcontracting to 3rd parties

• Review of new Inter-affiliate outsourcing proposals

• Sound judgment in identifying risks in order to proactively escalate to relevant senior managers and regional LCD for attention and to manage material risk and compliance issues relating to the India Global Centre

• Coordinate with internal teams to deliver Global Center (GC) wide projects and non-financial risk reviews

• Assist in the enhancement of the Non-Financial Risk programme and embedding of the framework and standards

• Assist in preparing Risk Dashboard and Non-Financial Risk metrics. Assist in reporting to the Board and Risk Committees

What you'll bring to the role:

• Minimum industry experience of 7 to 11 years, ideally in Compliance and Risk Management areas with strong ethical foundation

• University graduate or equivalent degree preferred, ideally in business, accounting or law

• Experience in dealing with regulators and regulatory requirements

• Experience and working knowledge of STPI, DOT and/or similar regulations.

• Analyzing and advising on compliance issues related to financial services

• Experience and knowledge of offshoring business in India.

• Basic understanding of Microsoft Office

• Excellent communications skills, both written and verbal

• Good interpersonal skills (communication, negotiation, influencing skills, teamwork) including collaborative mindset

• Strong analytical skills, detail-oriented, good team player, proficient in time management and able to manage projects

• Demonstrate ability to effectively review and analyze data / situations and apply judgement to resolve issues in a timely manner

• Able to make, support and defend difficult and complex regulatory / compliance decisions in a fast-paced and highly pressured environment

• Well organized and practical approach to managing tasks

• Structured approach to problem solving and execution skills with attention to detail.

• Detail oriented, self-motivated, flexible to learn and execute broader Non-financial risk requirements

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 89 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 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.