Wealth Management Compliance Regulatory Counsel/Policies & Procedures Officer

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

Wealth Management Compliance Regulatory Counsel/Policies & Procedures Officer

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.

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.

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.

The Wealth Management Regulatory Counsel/Policies & Procedures Group is responsible for developing, updating and maintaining Compliance policies and procedures, tracking and analyzing regulatory developments, and coordinating and implementing regulatory and Compliance initiatives, including risk assessments and other special projects as needed. This position will report directly to the Manager of the Regulatory Counsel/Policies & Procedures Group and will interact closely with the Compliance Counsel and other members of the Senior Management Team.

Core areas of responsibility include:
- Analyzing new and updated federal and state laws, regulations, guidance and enforcement actions and determining relevance to the Firm's Wealth Management business
- Discussing relevant regulatory developments with Legal and Compliance coverage and business personnel to assure awareness and help determine whether updates to policies and procedures are required
- Documenting and tracking implementation of new regulatory initiatives
- Development and drafting of Compliance policies and procedures through collaboration with the business, Risk, Legal, Compliance, and other stakeholders
- Responding to document production and related requests from Litigation and Regulatory Relations
- Special projects identified by the Manager of the Regulatory Counsel/Policies & Procedures Group and Compliance Counsel

Qualifications:

Skills Desired

- JD and/or 5+ years financial industry experience
- Familiarity with, and ability to analyze and assess relevant regulatory developments impacting wealth management, including FINRA, SEC, NYSE, and NYSE MKT rules and regulations, and applicable states laws and regulations
- Ability to analyze and assess new rules and regulations
- Strong verbal and written communications skills
- Ability to bring a group with varied interests to consensus
- Strong organizational skills
- Ability to work independently with minimal supervision
- Critical thinking and analysis
- Project management experience preferred
- Proficient with Microsoft Office products, and comfortable working in Excel