Regulatory Counsel -- Finance Advisory Lawyer (SEC)

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 21 Apr 19

Regulatory Counsel -- Finance Advisory Lawyer (SEC)

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 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 Regulatory Affairs team advises on regulatory standards applicable to Morgan Stanley, provides definitive guidance on regulatory interpretations, coordinates regulatory implementations internally, and serves as an advocate with regulatory agencies in rulemakings. The Regulatory Counsel function within the Global Regulatory Affairs team provides legal coverage with respect to all aspects of the Global Regulatory Affairs program.

Primary Responsibilities
The attorney joining the Regulatory Counsel function would have responsibility for advising the Morgan Stanley Finance Department on relevant SEC and CFTC regulatory standards, with a primary focus on net capital requirements, customer protection reserve formula standards and associated liquidity regulation. The coverage attorney's initial responsibilities would focus on SEC standards applicable to broker-dealers (Rules 15c3-1 and 15c3-3) but would expand over time to include corresponding SEC and CFTC standards for Security-Based Swap Dealers and Swap Dealers, when those regulatory frameworks are finalized and implemented in the coming months. The coverage attorney would partner with Regulatory Counsel colleagues who provide broader legal coverage for Banking Agency prudential standards and SEC/CFTC market regulation as well as with other Legal and Compliance Division colleagues who provide relevant coverage to business units and support functions. The coverage attorney would also represent Morgan Stanley in external-facing industry events and regulatory meetings.

A successful candidate would have:

· A sophisticated existing understanding of financial regulation
· An ability to operate independently
· Strong writing, research, communication and presentation skills
· A record of successful teamwork
· Intellectual curiosity and a willingness to take responsibility for novel and emerging areas of regulation


Skills required (essential)
- NY-licensed attorney
- 3-5 years of relevant legal experience, preferably at a law firm, regulatory agency or large regulated financial institution