Institutional Equity Compliance Advisory Officer - Prime Brokerage

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 19 Oct 18

Institutional Equity Compliance Advisory Officer - Prime Brokerage

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 ethics. 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 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 Global Compliance Department manages a Firmwide Compliance Risk Management program, including Compliance risks that transcend business lines, legal entities and jurisdictions of operation .

Group Overview:
The Sales and Trading Compliance Group in Institutional Securities Group (ISG) Compliance advises and assists the Firm's Sales and Trading Division in establishing, implementing and enforcing sales and trading practices. The Group is responsible for reviewing business, compliance and supervisory processes and practices. The Group will coordinate, recommend, and execute plans to address potential issues, fulfill regulatory obligations and promote best practices.

Primary Responsibilities
This individual will provide advisory compliance support for ISG Sales and Trading, focusing on Prime Brokerage. The individual's responsibilities will include the following:
· Provide Compliance support for Prime Brokerage , as well as support functions: IT, Risk, Operations, Controllers, Finance.
· Provide advisory support to traders, sales traders, supervisors, Risk and IT on regulatory guidance and rules: SEC PB No Action Letter, Reg SHO, , FINRA Rule 3110, registration requirements, , books & records, client statements.
· Communicate with PB staff including PB Client Coverage, PB Sales and supervisors to assess risk and remediate issues. Assist in the design and maintenance of compliance manuals, notices and written supervisory procedures.
· Assist in regulatory reviews, including inquiries, audits and exams.
· Design and deliver applicable training for business unit personnel.
· Actively monitor regulatory developments and trends, and take appropriate action to ensure the business unit complies with new or amended regulations.
· Interact with technology support and risk management to ensure technology and business practices remain compliant with Firm policies and industry requirements .

Qualifications:

Skills required (essential)

· Minimum of three years of related experience
· Candidate must demonstrate ability to effectively review and analyze data/situations and apply judgment to resolve issues in a timely manner
· Candidate should be proficient in time management and able to initiate and manage projects.
· Bachelor's degree required