Attorney, Private Funds/Asset Management
- New York, NY, USA
- Permanent, Full time
- Morgan Stanley USA
- 21 Oct 18
Attorney, Private Funds/Asset Management
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.
Morgan Stanley Wealth Management is one of the largest retail broker-dealers and serves the needs of individuals and small and mid-sized institutional clients through a network of approximately 16,000 financial advisors located throughout the U.S.
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, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.
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 Position
Morgan Stanley's Legal and Compliance Division is seeking to hire a private funds/asset management attorney in New York to provide legal coverage for Morgan Stanley Investment Management's (MSIM) Institutional business in the Americas in coordination with Morgan Stanley colleagues in Europe and Asia.
The attorney will provide legal coverage in connection with negotiation of investment management agreements and formation of private funds for institutional clients, working closely with all functional areas of the business and with other Morgan Stanley legal and compliance professionals.
Primary responsibilities will include advising investment professionals in Morgan Stanley's U.S. offices, coordinating with colleagues in London and Hong Kong offices and directing outside counsel in connection with fund formation and negotiation of investment management agreements.
The candidate will be closely involved in:
-Advising the business of regulatory developments and changes in legal requirements
-Formation of different private fund structures
-Negotiation of investment management agreements with a variety of institutional clients
-Advising on legal obligations arising in connection with corporate governance, investor relations, fund raising and investing activities
-Review of marketing materials and RFPs/DDQ in connection with fund raising
-Supervision and coordination with external counsel with respect to fund formation, investment activity and regulatory matters
-Advising on the development and execution of internal policies and procedures
-Development and review of template legal and offering document
Skills required (essential)
7+ years of legal asset management experience
Extensive experience in the following areas:
-Structuring of private investment funds (hedge fund experience preferred)
-Negotiation of investment management agreements
-Strong substantive knowledge of the Investment Advisers Act and applicable provisions of Commodity Exchange Act
-Knowledge of Investment Company Act of 1940, the Volcker Rule and ERISA a plus
-Excellent judgment and analytical skills
-Excellent oral and written communication skills
-Strong management, organizational and administrative skills
-Ability to multi-task
-Ability to work with teams
-Ability to work independently
-Ability to work directly with demanding clients in the business at senior levels