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 candidate will join Morgan Stanley Wealth Management’s (WM) Compliance Department as a member of the Monitoring and Data Analytics Compliance team. In this role, the candidate will serve as the Head of Monitoring, a group dedicated to the oversight of Financial Advisor and Branch Supervisor activity. The candidate will have direct supervisory oversight of 4 employees and will oversee an overall team of 17 employees that utilize a variety of exception reports and automated surveillance system alerts to identify activity that may be indicative of unusual conduct, trading patterns, or potential violations of law, regulations, or internal policies.
Obtain a thorough understanding of the Global Monitoring Policies and Procedures, WM Risk organizations’ supervisory processes and the Compliance oversight controls to determine any necessary enhancements to the WM Monitoring program.
Build trust and establish open lines of communication with WM Risk management and other control stakeholders such as Legal, Global Financial Crimes, Global Monitoring Governance and Technology in order to facilitate agreement regarding the design and implementation of controls.
Work with the Head of Data Analytics Compliance to develop meaningful dashboards and metrics that can be used with internal management or for regulatory meetings.
Collaborate with WM Testing/Branch Exams management to determine patterns/trends and to ensure applicable findings are shared across both groups, and various Compliance advisory teams to share any surveillance trends or issues, as well as responding to internal audit or regulatory requests.
Oversee the Monitoring Governance process, inclusive of the Quality Assurance Program.
Conduct periodic metrics “deep-dives” to identify issues or trends requiring further training, procedural updates, or recalibration of key performance indicators (KPIs).
A strong understanding of SEC and FINRA regulations, with a particular focus on sales practice and suitability concerns around retail products in brokerage and advisory accounts.· A thorough understanding of conflicts of interest and business practices typically associated with a broker-dealer· A strong focus on the mechanics of a control environment including escalation and remediation of issues.
· Proven ability to take ideas forward and to challenge others with integrity and maturity.
· Working knowledge of Futures, Annuities, Structured Investments, Alternative Investments, Exchange-Trades Products, Fixed Income, Equities, Options, Unit Investment Trusts and Mutual Funds.
Bachelor’s Degree required; JD or MBA a plus but not required
10+ years relevant work experience in the financial services industry in Compliance or related fields, or with a securities exchange or regulator
Series 7, 24 or 9/10 preferred, but not required.
About Morgan Stanley
We believe capital can work to benefit all of society We make this belief a reality by putting clients first, leading with exceptional ideas, doing the right thing, and giving back.