Vice President, IM Compliance, Policies and Regulatory Developments

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

Vice President, IM Compliance, Policies and Regulatory Developments

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.

VP to assist with the flood of new regulations globally to track, analyze, advise on, and create policies & training to help ensure that we meet existing and new regulatory obligations. We are currently tracking over 80 new or amended regulations in over 20 jurisdictions. Several of these are sweeping in scope and will require major changes to the way in which the MSIM businesses operate. Areas of regulatory focus include: Dodd Frank (CFTC related rules); AIFMD; EMIR; Money Market Fund Reform; Liquidity Risk Management; Derivatives; ADV Disclosure Modernization and Enhancement; Client Money Rules; Business Continuity Planning and Transition Management; Distribution in Guise; Market Abuse Regulation; Volcker; Conflicts of Interest; Compliance with exemptive orders; Cybersecurity; and due diligence and oversight requirements in connection with Transfer Agents. This is in addition to the ongoing work of reviewing and updating existing policies, creating annual and specialized training, and rolling out bulletins and policy updates. Our annual plans call for review of the Compliance Policy and Procedure Manual (which for MSIM alone consists of close to 200 policies and procedures) in conjunction with, as appropriate, regional supplements, and specialized policies and procedures (e.g., MSDI; MBREI); regular and ongoing training; and ongoing communication and rules management projects.

Primary Responsibilities:
Report to the Head of Policies, Training and Regulatory Initiatives with responsibility for drafting or amending compliance policies and procedures and implementation as appropriate as well as tracking and analyzing new laws, regulations, guidance and enforcement actions and determining implications for MSIM and the IM Compliance Program. Work closely with key business partners and stakeholders across the organization to anticipate and meet the regulatory requirements of new and existing business initiatives and/or products to foster continued growth. The incumbent will also responsible for:
· Collaborating with Compliance and business personnel on relevant compliance related matters and developing and modifying Policies and procedures to conform with legal requirements;
· Assisting in identifying, developing and implementing control enhancements and risk mitigation strategies
· Tracking and analyzing new laws, regulations, guidance and enforcement actions and determining implications for MSIM and the IM Compliance Program
· Supporting special projects, including product development, launch of new funds and investment products, and other investment management-related matters.
· Assisting with the development and delivery of specialized training on complex regulatory topics.


• 5-10 years' experience providing legal/regulatory advice in the investment management industry and a strong understanding of the institutional asset management business.
• Excellent knowledge of the Investment Advisers Act of 1940 and Investment Company Act of 1940.
• Working knowledge of other applicable laws and regulations, including other securities laws, FINRA, ERISA, and CFTC regulation, both in the US and overseas.
• Excellent written and oral communication skills.
• Excellent judgment and analytical skills.
• Ability to work well with others as well as demonstrate independent initiative.
• Strong academic background.
• Ability to manage and prioritize various projects.
• Ability to work directly with demanding clients in the business and with senior management.
JD preferred.