Infrastructure Compliance Officer
- London, England, United Kingdom
- Permanent, Full time
- Morgan Stanley
- 25 Sep 17
See job description for details
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.
As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
The EMEA Legal and Compliance Department is charged with day-to-day oversight and coordination of the Firm’s compliance with core regulatory requirements covering all businesses including Institutional Sales and Trading (fixed income, commodities, equities), Investment Banking, Research Investment Management and Private Wealth Management Business across the EMEA region.
The Infrastructure Compliance Function is responsible for the second line oversight of infrastructure based regulatory processes supporting the Morgan Stanley businesses. The team also provides broader compliance support and advice to Morgan Stanley’s infrastructure areas. This role within Infrastructure Compliance will provide support to the Infrastructure Compliance Executive Director and will entail working closely with other professionals in the Legal & Compliance Department, providing coverage to the Morgan Stanley EMEA businesses and support functions and drawing upon the general resources of the Firm.
Core areas of coverage include, but are not limited to: Outsourcing, Client Reporting, Client Assets, Client Categorisation, Voice Recording, Fund Administration, Disclosure of Interest and Transaction Reporting and broad compliance support across Operations, Technology and Finance.
-Provide oral and written advice to the Morgan Stanley businesses and support functions on compliance policies and procedures and relevant UK and international laws, rules and regulations. Such advice may be general in nature or specific, for example, to transactions, new business initiatives, ordinary course of business enquiries and exceptional situations.
Strategic Projects & Initiatives
-Participate in / lead as appropriate strategic projects and initiatives with other legal and compliance professions, including helping to scope projects, deliver workstreams and implement action plans.
Monitoring and Testing programme
-Undertaking specific Infrastructure Compliance testing: partnering with a member of the relevant central EMEA Risk Assessment, Testing and Strategic Initiatives Compliance team to lead Infrastructure Compliance test checks and desk reviews to monitor compliance with relevant Regulations and internal policy.
-Coordinate the Infrastructure Compliance test check programme: help ensure the programme is kept up to date, liaising closely with the EMEA Risk Assessment, Testing and Strategic Initiatives Compliance team and relevant global teams. Ensure themes and lessons learnt arising are considered more broadly.
-Quality Assurance: ensuring testing is undertaken and documented in line with applicable standards.
The candidate will report into an Executive Director, Infrastructure Compliance, EMEA.
Due to the diverse and widespread nature of the position, the role requires close contact at all levels of business unit staff, as well as operational, IT and other support personnel within the Firm. The role will also include external contact, such as with clients, other investment banks, broker-dealers, regulatory bodies, industry bodies, outside counsel and external auditors.
Skills required (essential)
-Ability to build relationships of trust with members of the Compliance department and employees in the business unit and support & control functions.
-Strong communicator - in person and in writing; strong drafting skills is essential.
-Good analytical and numerical skills, able to learn new concepts.
-Detail oriented and good memory skills.
-Ability to remain focused under pressure.
-Ability to perform multiple tasks simultaneously.
-Confidence to use own initiative and apply judgment in an in-house context.
-Proactivity, enthusiasm and aspiration to learn and develop.
-Solid knowledge in at least one relevant area (e.g. client assets, outsourcing, voice recording, senior management systems and controls, fund administration, disclosure of interest or transaction reporting)
-Technical knowledge of one or more areas of Morgan Stanley’s business is desirable but not essential.
-Previous experience of completing risk based sampling or testing is desirable but not essential.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise 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.*LI-FH1