Executive Financial Services, Restricted Securities Department Manager – Executive Director

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 15 Feb 19

Executive Financial Services, Restricted Securities Department Manager – Executive Director

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:

Executive Financial Services ("EFS") supports transactions involving restricted or control stock, often-involving Rule 144 Affiliates and Corporate Insiders. These transactions include Rule 10b5-1 Trading Plans, sales under Rule 144 or pursuant to prospectus registration, margining, hedging, gifting or legend removals for restricted stock. EFS conducts due diligence with issuer counsel prior to the transaction, negotiates and implements 10b5-1 contracts (including trade execution pursuant to the plan) and facilitates SEC filings, clearing and settlement of restricted trades. An important part of the service provided by EFS includes education and guidance to the FA's, branch management and issuer counsel/corporate clients on SEC rules and operational considerations.

Primary Responsibilities:

  • Supervise EFS' seven person Restricted Securities team which performs the review and approval of requests from Morgan Stanley financial advisors and client service associates to execute control and restricted securities transactions
  • Resolve daily escalations which may involve performing due diligence with issuer's counsel, analyzing documentation and facts for compliance with applicable rules and regulations and interacting with financial advisors, field management and various operating units within the Firm such as Legal and Compliance, Margin, Banking, Operations, Risk and Technology.
  • Coordinate with legal, compliance and risk partners to enhance policies and procedures
  • Keep abreast of trends in the regulatory and operations environment that may impact the restricted securities business
  • Maintain a high level of knowledge in various SEC Rules and market practices: Rule 144, Rule 10b-18, Rule 10b5-1, Section 16, etc.
  • Provide subject matter expert support and education both within the Executive Financial Services department and to other constituencies within the Firm.
  • Manage projects related to restricted and control securities including projects to improve controls or address audit issues or regulatory findings
  • Design and monitor individualized employee development plans


Qualifications:

Qualifications:

• Bachelor's degree required
• 7+ years of industry experience
• Demonstrated leadership in developing and setting strategy
• FINRA Licenses: Series 7 & 63 required; 9/10, 24 a plus
• Excellent critical thinking skills and ability to work in a fast-paced environment
• Strong interpersonal and communication skills
• Positive and professional customer service attitude
• Proficiency with Microsoft Excel and PowerPoint