Wealth Management Private Banking Group Compliance Officer

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

Wealth Management Private Banking Group Compliance Officer

Morgan Stanley is a leading global financial services and conducts its business through three principal business segments-Institutional Securities, Asset Management, and Wealth Management. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 42 countries.

The Wealth Management business provides comprehensive financial advice and services to its clients including brokerage, investment advisory, banking and lending, insurance, retirement and other products. The business includes Morgan Stanley Smith Barney LLC (the "Broker-Dealer") and Morgan Stanley Private Bank, National Association (the "Bank"). The Broker-Dealer has approximately 16,000 Financial Advisors with total client assets of over $2 trillion. The Bank provides deposit and lending products to serve the needs of these clients, and employs about 200 Private Bankers to assist Financial Advisors in assessing those needs.

The Broker-Dealer is seeking a senior Compliance Officer to provide advice and guidance on securities-based loans offered to its clients, including margin, purpose Bank loans, and non-purpose Bank and Broker-Dealer loans. This position will require a thorough knowledge of FINRA regulations as they relate to account opening, lending, margin, client suitability and supervision. In addition, general knowledge of applicable Fed Regulations such as Regulations B, T, U, W, Y and Z, is necessary.

The successful candidate will work closely with the business to advise on new loan products and enhancements to current offerings, including marketing strategies and digitizing internal and client facing capabilities. The role will also require proactive and on-going recommendations to improve supervisory tools, policies and procedures, training, surveillance and testing.

Candidate will be responsible for supervising one Compliance professional and working closely with colleagues in other support functions including Bank Compliance, Legal and Risk.

Strong communication and writing skills are necessary to present solutions to senior management


Experience supporting the lending business of a bank or broker-dealer
Ability to operate in a fast paced, high demand environment while balancing multiple priorities and exercising good judgment
Focus on building effective partnerships across business lines, including with colleagues in Legal, Compliance and Risk
Proactive in identifying issues and developing solutions
Experience in managing and motivating team members to deliver results and enhancing team member skills
Bachelor's Degree required; MBA or JD preferred
7+ years relevant work experience in the banking or financial services industry in Compliance or related fields
Series 7 and other licenses permissible, but not required