Department Profile
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.
Background on the Team
The Americas Prudential Regulatory Relations Group (ARRG) provides strategic advice on supervisory matters and centralized management of the activities of the Firm's regulators and related developments globally, focusing on regulatory reviews and examinations and continuous monitoring activities. ARRG serves as the central point of contact with the supervisory prudential regulators in the US to facilitate open, productive and proactive relationships. ARRG regularly apprises senior management of the Firm's prudential regulatory relationships, including providing thought leadership.
Primary Responsibilities
The ARRG team is looking for an experienced Vice President level professional to join our team. This individual will work closely with the senior members of the team and will be responsible for navigating, advising on, and executing all aspects of regulatory interactions with prudential regulators and key internal stakeholders, including:
> Front-to-back strategic management of concurrent complex regulatory examinations, as well as the coordination of a portfolio of quarterly, monthly, and ad hoc requests made by regulators
> Evaluating regulatory risks arising from interactions and advising management on the appropriate plan of action
> Ensuring senior management is apprised of all key regulatory requests, meetings and areas of focus, including both the status and resolution
> Maintaining a detailed understanding of the status of open examination issues and providing advice and challenge to internal stakeholders on resolution
> Producing briefing memos to senior management in advance of regulatory meeting
> Advising on the appropriateness of regulatory responses and remediation plans
> Leading regulatory meetings, including working with regulators on the agendas, preparation of internal stakeholders and materials, and the tracking and coordination of responses to follow-up requests
> Preparing senior management and other internal stakeholders for regulatory exam, continuous monitoring and ad hoc meetings
> Attending committee meetings and workings groups and providing updates on relevant regulatory matters and/or guidance on remediation activities
> Fostering proactive relationships with regulatory counterparts and internal key constituents
> Keeping up-to-date on the Financial Services regulatory landscape, including trends and new rules development
Qualifications
> Bachelor degree. JD/MBA a plus
> 7-10 years banking experience from a regulatory organization such as the FRB, OCC, FDIC or CFPB or in a similar position in the financial services industry or legal /compliance/regulatory background.
> Critical dependency on strong written and oral communication, presentation, and interpersonal skill to effectively interact with and influence internal and external stakeholders
> Strong planning and organization skills
> Ability to multitask, be flexible, manage to a deadline, adapt to change of priorities
> Ability to work independently and effectively with both regulatory staff as well as senior firm personnel globally
> Sound judgment in identifying risks in order to proactively escalate with the relevant senior management
> Demonstrated ability to operate at a strategic level with capacity to engage with detail when necessary
> Must be a self-confident leader possessing a collaborative and participatory management style. Professionalism, sensitivity, and discretion required
Please note that the location listed for this role is temporary. The position's work location will transition to 1445 Ross Ave, Dallas, TX 75202 at a future date. In-Person interviews will be required for the role.
Expected base pay rates for the role will be between $120,000 and $210,000 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.
