We're seeking someone to join our team as a Vice President in Global Compliance to support the Compliance Coverage function.
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. This is a Vice President level position within the Global Compliance Department.
The Global Compliance Department manages a Firmwide Compliance Risk Management program, including Compliance risks that transcend business lines, legal entities and jurisdictions of operation.
Research Compliance Coverage is part of a broader Institutional Securities Group Compliance Coverage team that includes coverage of Investment Banking and Global Capital Markets. The team provides timely advice and challenge, and monitors business activities for adherence to both Firm and regulatory requirements. The team monitors new rules and regulations and industry standards, and maintains written policies and procedures. We devise an annual compliance program and conduct and coordinate monitoring, testing and training for the business unit.
What you'll do in the role:- The Compliance Coverage Professional will primarily support the Research Compliance Coverage function, with a focus on providing compliance coverage to the Equity and Fixed Income Research business and occasional support to Investment Banking and Global Capital Markets Compliance Coverage. The Compliance Coverage professional will be physically located with the Research business unit.
- Advise the business pursuant to U.S. regulations including SEC and FINRA regulations, CFTC Research Conflicts of Interest Rules and other relevant regulations and guidance.
- Communicate with supervisors, analysts and infrastructure personnel to assess risk and remediate issues, and coordinate with Legal coverage and Business Control Unit as appropriate.
- Coordinate with Legal and Compliance coverage across business lines and across regions.
- Actively monitor regulatory developments and trends, and take appropriate action to ensure the business unit complies with new or amended regulations.
- Design and deliver applicable training for business unit personnel, including analysts, Supervisory Analysts, infrastructure personnel and supervisors.
- Draft and maintain Compliance policies and procedures.
- Perform the monitoring, testing and surveillance of Research-related regulatory obligations and assist in the development and execution of additional controls based on new business initiatives, regulation or anticipated regulatory focus.
- Assist in regulatory inquiries, internal audits and other examinations.
- Interact with the Business, including risk functions to ensure business processes remain compliant with Firm and Department policies and applicable regulation.
- Develop, enhance and coordinate oversight metrics for supervisors.
- Participate in additional projects as appropriate, including compliance support for Investment Banking and Global Capital Markets. Skills required (essential)
What you'll bring to the role:- Bachelor's degree required, JD preferred but not required
- 8+ years of compliance or equivalent experience, preferably supporting Research, Investment Banking or Capital Markets businesses
- Experience interpreting and advising on U.S. Research regulations including SEC, FINRA regulations and CFTC Research Conflicts of Interest Rules and other relevant regulations applicable to the Research function
- A good understanding of the role of investment Research and the inherent conflicts associated with Research, information barriers, and concepts related to sensitive and material non-public information
- A strong understanding of equity and fixed income products
- FINRA licenses including the series 86 and 87 beneficial but not required
- Strong written and oral communication skills with ability to effectively communicate with business professionals, risk managers and supervisors
- Strong analytical skills, well organized, energetic and able to juggle multiple projects and assignments
- Team player who works well with others at all levels
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 $120,000 and $205,000 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.
