Morgan Stanley is a leading global financial services firm that 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 $3 trillion. The Bank provides deposit and lending products to serve the needs of these clients, and employs nearly 230 Private Bankers to assist Financial Advisors in assessing those needs.
WM Private Banking Group Compliance is a second line advisory function within Wealth Management Compliance that is responsible for providing advice and guidance on bank deposits, cash management services and lending products offered by the Private Banking Group (PBG) and distributed by Morgan Stanley Smith Barney LLC (MSSB) Financial Advisors to MSSB clients. The Group works closely with Bank Compliance, Legal, Risk, Operations and other areas within the Firm to support, advise, and make recommendations on the development and distribution of PBG products and services, strategic initiatives, regulatory developments, policies and procedures, and control enhancements.
The Broker-Dealer is seeking a senior Compliance Officer responsible for providing advice and guidance to the business units on securities-based lending, deposits, and cash management products and services. This position will require a thorough knowledge of FINRA and SEC regulations as they relate to standard of care, account opening, lending, money movement, and supervision.
The successful candidate will lead compliance projects including: 1) collecting PBG complaint data, conduct analysis, and develop Committee(s) reporting, 2) review business-related marketing materials, 3) collect information and prepare monthly metrics reporting for senior management, 4) coordinate Annual Compliance Risk Assessment and Annual Compliance Meeting inputs, track items for inclusion in the semi-annual Supervisory Control Principal presentations, 5) work with PBG Compliance colleagues and the business on new products and services, 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 control environment, supervisory framework, policies and procedures, surveillance and testing.
Detailed knowledge of applicable FINRA, SEC, and consumer protection laws, rules, and regulations
Strong understanding of financial markets, broker-dealers and banking products and services.
Detailed knowledge of lending products and services, including, but not limited to, securities based loans.
Highly-motivated self-starter able to work independently while collaborating and coordinating across a complex organization
Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment
Sound judgment and an ability to appropriately escalate issues internally
Exceptional written and verbal communications skills, attention to detail and effective time management
Outstanding interpersonal skills and team-player attitude with the ability to build effective partnerships
Knowledge of Privacy and Data Protection regulations; CIPP/US certification a plus
Internal Number: 3171687
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