Wealth Management Compliance Retirement Advisory Coverage Officer

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

Wealth Management Compliance Retirement Advisory Coverage 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.

The Morgan Stanley Wealth Management Compliance Product Advisory Group is responsible for the design, implementation and management of the compliance program for the following products and businesses: Fixed Income, Equities, Options, Futures, Foreign Exchange, OTC Derivatives, Structured Products and Syndicate, Mutual Funds, Unit Investment Trusts, Exchange Traded Funds, Exchange Traded Notes, Closed-End Funds, Offshore Funds, Insurance, Annuities, 529 Plans, Corporate Solutions (Corporate Equities Solutions, Financial Wellness) IRAs, CRS and BRP.

The group also works closely with Legal, Risk, IT, Operations, and other areas within Compliance when executing the responsibilities described above. The person performing this advisory position will be responsible for assisting in the design, implementation and management of the overall compliance program for their coverage areas.

· Provide regulatory and compliance advice and guidance to the business groups, as well as to the Morgan Stanley Branches, the Regulatory Examination Group, the Early Dispute Resolution Unit, Operations, and Risk Units.
· Specifically, provide Compliance support to the Personal Retirement ("IRA"), Corporate Retirement Services - 401(k) ("CRS") and Business Retirement Plans ("BRP") business groups (collectively, "Retirement").
· Research, interpret and advise the Retirement business groups regarding compliance with applicable laws, regulations and guidance.
· Review the adequacy of existing policies and procedures of the Retirement business groups and, if appropriate, recommend and assist in implementing improvements in those areas.
· Assist in the design and maintenance of written supervisory procedures for the Retirement business groups, as prescribed in FINRA Rules 3110 and 3120.
· Identify regulatory trends and developments, advise the Retirement business groups on how such trends and developments may impact their current activities, and work with the business groups to implement any required changes to current policy or practices.
· Assist with the review of marketing materials for the Retirement business groups and the Compliance Marketing Review team.
· Collaborate extensively with the relevant Retirement business management teams, various control and logistics functions and Legal to ensure compliance with regulatory requirements and firm policies and procedures
· Assist in regulatory reviews, audits and other examinations.
· Provide advice and guidance on FINRA, NYSE and SEC rules, regulations, and applicable internal policies and procedures.
· Conduct ongoing compliance risk assessments and coordinate with Retirement business leads to identify and resolve control gaps.
· Work with the Compliance Monitoring and Testing teams to create/enhance surveillance, monitoring, and testing processes.
· Lead key projects and strategic initiatives relating to regulations/rules for specific products or business services.

  • Demonstrate ability to effectively review and analyze complex situations and apply judgment to resolve issues in a timely manner with minimal supervision. Candidate should be proficient in time management and able to initiate and manage projects.


· In depth knowledge of the Retirement businesses.
· Familiarity with financial services rules and regulations and ability to analyze and assess new rules and regulations.
· Minimum 5 years of Compliance experience.
· Knowledge of broker-dealer regulatory compliance including FINRA, NYSE and SEC regulations.
· Experience writing compliance policies and procedures.
· Strong verbal, written communications and organizational skills.
· Solid academic background.
· Solid interpersonal and communication skills, as well as excellent prioritization and organizational ability.
· Must be confident and professional in all dealings with business personnel and senior management.
· The ideal candidate will be proactive, possess good judgment, be solution-oriented and a team player.
· Ability to lead special projects and strategic initiatives.
· Work independently and to multi-task with minimal supervision