The posting
We are seeking someone to join our team as a Vice President that will provide
Compliance Coverage for ISG Equity Sales and Trading.
In the Lega l& 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. This is a VP level position within the Global Compliance Department.
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 Global Compliance Department manages a Firmwide Compliance Risk Management program, including Compliance risks that transcend business lines, legal entities and jurisdictions of operation.
The Institutional Equity Division (IED) Compliance Coverage team in Institutional Securities Group (ISG) Compliance advises and assists IED in providing coordinated, comprehensive and forward looking independent coverage of non-financial risks across ISG. Our mission is to set standards, provide effective challenge and oversight, and deliver best-in-class coverage support, underpinned by deep local expertise and a global perspective, with a proactive and pragmatic approach to sound risk management. The Team is responsible for reviewing business, compliance, regulatory and supervisory processes and practices. The Group will coordinate, recommend and execute plans to address potential issues, fulfill regulatory obligations and promote best practices.
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 will do in the role:
This individual will provide Compliance Coverage for ISG Equity Sales and Trading, responsibilities may include:
- Provide compliance advisory support for IED and support functions, such as Technology, Risk, Operations, Controllers and Finance.
- Advise traders, sales traders, sales, supervisors, technology and others on regulatory requirements, compliance risk management and firm policies, which include SEC regulations (Reg NMS, Reg SHO, Consolidated Audit Trail), FINRA Rules - supervision, communications with the public, trade reporting, best execution, account opening and maintenance, and Exchange Rules (Equity and Options) - customer order protection & priority, market making, quoting, auctions, anti-manipulation and prohibited conduct, among other rules.
- Coverage includes equities, exchange traded products, convertibles and/or derivative products.
- Communicate with traders, sales, supervisors and others to assess risk and remediate issues.
- Assist in the creation, maintenance and implementation of compliance manuals, policies, procedures and written supervisory procedures.
- Assist in regulatory examinations, inquiries and audits.
- Design and deliver applicable training for business unit personnel.
- Actively monitor regulatory developments and trends and take appropriate action to ensure the business unit complies with new and amended regulations.
- Interact with technology and risk management to ensure trading technology and trading practices remain compliant with Firm policies and industry regulation.
What you'll bring to the role:
- 7+ years of related experience in investment banking
- Candidate must demonstrate ability to effectively review and analyze data/situations and apply judgment to resolve issues in a timely manner
- Strong knowledge of institutional equities broker-dealer regulatory compliance, including SEC, FINRA and other Exchange rules and regulations
- Motivated self-starter, proficient in time management and able to initiate and manage projects
- Possess strong communications skills and must be confident when communicating with senior sales & trading personnel
- Candidate must have strong analytical skills to be comfortable working with large volumes of trade data
- Comfortable interacting with and communicating regulatory requirements to technology and operations teams
- Bachelor's degree required
Four days in office attendance weekly is required.
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.
Expected base pay rates for the role will be between 120000 and 210000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
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.
