Volcker Central Office – Vice President

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

Volcker Central Office – Vice President

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.

Legal and Compliance
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; or develop a training program. 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.

The Team
The Volcker Central Office oversees Morgan Stanley's Enhanced Compliance Program, as required under the Volcker Rule. The Volcker Rule, part of the Dodd-Frank Wall Street Reform and Consumer Protection Act, is a multi-agency regulation that spans all of the Firm's major businesses (Institutional Securities, Wealth Management, and Investment Management) globally. The VCO ensures the Enhanced Compliance Program is designed, implemented, and enforced consistently with regulatory requirements, liaises with regulatory agencies, and provides program updates and reporting to the Board and Senior Management.

The Volcker Central Office Vice President is responsible for, among other things, providing advisory support related to regulatory requirements and Morgan Stanley Policies and Procedures related to requirements under the Volcker Rule, reviewing Volcker metrics and risk limits, and responding to regulatory inquiries and exams. Specific tasks may include, but are not limited to:

· Review/Analyze Volcker metrics and risk limits to identify trends, themes, and enhance supplemental metrics
· Oversee implementation of process improvements, including technology enhancements, based on internal feedback from users and testing teams, and external feedback from regulatory agencies
· Liaise with internal testing teams and external exam teams on Volcker-related reviews
· Monitor for changes in business activity and organizational structure that may impact trading desk assessments and profiles
· Develop, draft, and update policies and procedures
· Develop and maintain relationships with key stakeholders and provide program and regulatory updates
· Prepare materials (including detailed PowerPoint and Excel files) for meetings with Business Unit stakeholders and Senior Management, including the annual CEO Attestation and related processes
· Assist in periodic and ad hoc training of Firm employees on the Volcker Rule and Morgan Stanley's Enhanced Compliance Program
· Meet with trading desk heads and other business unit personnel related to activities in light of the Volcker Rule from both a trading and covered funds perspective
· Provide ad hoc program support, as needed


Skills Required :
· Strong analytical, written and verbal communication, and project/program management skills
· Excellent attention to detail
· Strong proficiency in MS Excel and PowerPoint
· Ability to analyze and summarize large amounts of data and customize analysis for targeted audiences, as well as understand trends and anomalies in data
· Candidates must be self-motivated, independent and organized, with strong attention to detail
· Candidates must be able to independently interact with individuals at all levels within the organization, including developing and maintaining relationships with key stakeholders
· 4-7 years of experience in financial services, internal controls and/or compliance or regulatory risk

Skills Desired:
· Knowledge of regulatory requirements under the Volcker Rule
Understanding of institutional sales and trading, wealth management, and asset management businesses