Director/Vice President, Recovery and Resolution Planning

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 16 Dec 18

Director/Vice President, Recovery and Resolution Planning

Company Profile:
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.

Department Profile:
Professionals within Legal and Compliance (LCD) 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 Firm's Recovery and Resolution Planning Team (the "Firm RRP Team") is in the Legal and Compliance Department, led by the Head of Recovery and Resolution Planning and reports to the Global Head of Regulatory Affairs. The Firm RRP Team's primary responsibilities include the:
• Development and maintenance of the Firm's recovery plans to maintain adequate levels of capital and liquidity and business model viability even in the face of extreme stress (resiliency);
• Development and maintenance of the Firm's resolution strategies to wind down in a rapid and orderly manner during bankruptcy without causing any systemic impacts domestically or internationally (resolvability);
• Confirmation that the Firm is maintaining adequate capabilities, processes and policies to ensure the Firm's continued resiliency and resolvability through time;
• Remediation of impediments to the execution of the Firm's recovery plans or resolution strategies; and
• Engagement with domestic and international regulators, including the Federal Reserve, FDIC, OCC, PRA and Japan FSA, on all things RRP.
The Firm RRP Team works closely with numerous business unit and support functions throughout the Firm and leads the Firm's efforts in responding to all RRP-related regulatory requirements and inquiries. A qualified individual joining the team will have a unique opportunity to liaise with numerous senior stakeholders within LCD and other divisions throughout the Firm.

Primary Responsibilities:
The Firm RRP Team is seeking to hire a qualified individual at the level of Director or Vice President with a business unit, finance, risk, compliance or operations background within financial services. This individual will be an integral part of the Firm RRP Team, report to an Executive Director on the team and have a diversity of responsibilities that include:
- Facilitating and leading various resolution shortcoming remediation efforts, including changes to the Firm's funding vehicles and structures and various legal entity mergers and restructurings;
- Liaising with business units to develop and document sales and trading wind down strategies and wealth management and investment management disposal strategies for inclusion in recovery and resolution plans;
- Liaising with Operations to develop and document financial market utility and agent bank access strategies and customer asset transfer strategies, including related financial modeling, for inclusion in recovery and resolution plans;
- Assisting with the development of a comprehensive derivatives and trading booking model framework for the Firm's institutional securities businesses, including principles, management information, governance and controls;
- Facilitating the drafting, execution and maintenance of resolution-related agreements and perfection of security interests in funding vehicles' contributable assets for the benefit of material subsidiaries by working with external bankruptcy counsel and relevant Legal, Tax, Finance, Corporate Treasury and Operations subject matter experts throughout the Firm; and
- Liaising with Corporate Treasury and divisions with communications responsibilities (e.g., Investor Relations) to ensure capital and liquidity policies are aligned to the recovery and resolution trigger and escalation framework and facilitate decision making, action execution and key stakeholder communications in a timely manner.

Qualifications:

Qualifications and Skills Required:
- Bachelor's degree; MBA or CFA a plus;
- Ability to understand regulations, risk management and financial analysis (e.g., balance sheet dynamics);
- Relevant financial industry experience;
- Ability to work autonomously and collaboratively to solve complex problems;
- Ability to present to senior management, regulators and other key internal and external stakeholders;
- Strong verbal and written communication skills;
- Proficiency in Word, PowerPoint and Excel; and
- Ability to provide strong attention to detail.