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 1,200 offices in 43 countries.The talent and passion of our people is critical to our continued success as a firm. Together, we share core values rooted in integrity, excellence and strong team ethic. Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.
Professionals within Legal and Compliance provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the firm's invaluable reputation for integrity and protect the Firm from sanctions with policies and procedures that meet regulatory requirements around the world. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firm's businesses. The Infrastructure Compliance Function is responsible for the second line oversight of infrastructure based regulatory processes supporting the Morgan Stanley businesses. Infrastructure Divisions.
The Finance Compliance team, which is part of Shared Services Compliance provides coverage of two key Financial and Operational pillars of Morgan Stanley's US non-bank standalone regulated legal entities, including broker-dealers, security based swap dealers, OTC derivative dealers and swap dealers: (1) Protecting the Firm which covers: net capital, financial reporting and margin; and (2) Protecting Customer Assets which covers: reserve, segregation, and other financial responsibilities requirements. Our coverage is front-to-back, engaging groups across the front, middle, and back office. This includes select Finance groups, a wide variety of Operations, Business Divisions, and coordinated coverage with front office Legal and Compliance Division. The team is three days per week in the midtown New York office.
Job Description: Executive Director, leading the Compliance advisory coverage of capital and financial reporting for Morgan Stanley's US non-bank standalone regulated legal entities, including broker-dealers, security-based swap dealers, OTC derivative dealers and swap dealers. Lead will have managerial and supervisory responsibilities of other Finance Compliance team members and coordination responsibilities with members covering other areas such as customers asset protection and margin. Lead will help represent Finance Compliance with senior stakeholders across the Firm and with industry peers and Regulators. Advisory role includes: - Develop and maintain strong relationships with Regulators including SEC, FINRA, CFTC and NFA, as well as industry peers and internal stakeholders in Finance, Firm Risk Management, Operations, and the Business Divisions - Participation in, and present to multiple legal entity and firm-wide governance forums - Track and advise on interpretation of new or proposed rules, and post implementation focus items - Keep abreast of industry trends and emerging risks and anticipate regulatory focus areas, keeping internal stakeholders informed - Provide advisory support to Finance, Risk, and Operations teams in connection with capital and financial reporting requirements - Advise on applicable processes, controls, governance, policies and procedures, including the design sufficiency of control processes and policies and procedures for regulatory requirements - Reviewing and drafting support for new and existing policies and procedures - Coordinate, draft and present training materials to various internal constituencies, including Legal and Compliance, Finance, Risk, Operations and the Business Divisions - Provide support, including drafting as applicable, in connection with Compliance testing, Internal and External Audit, Regulatory Exams and Regulatory Continuous Monitoring Engagements - Liaison across Legal and Compliance coverage - Global coordination of applicable in-scope covered areas
This role requires that all successful applicants be fully vaccinated against COVID-19 as a condition of employment and provide proof of such vaccinations within 3 days of commencement of employment. Role will require in office attendance 3 days/week.
- Deep understanding and ability to teach, capital and financial reporting rules and the capability of identifying connections to margin, and customer asset protection concepts - Ability to analyze broker-dealer and other regulated legal entity ledgers and complex booking models - Strong organizational skills with ability to prioritize and multitask - Ability to create and maintain relationships - Managerial experience with the ability to motivate, teach, mentor and grow team members - Willingness to learn new topics - Excellent oral and written communication skills - Minimum of 8-10 years of relevant experience