Compliance Rules Management Office, Vice President
Morgan Stanley Overview
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.
LCD Overview
Professionals within Legal and Compliance (LCD) 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.
Team Overview
The Enterprise Compliance Policy and Rules Management team contains two primary functions. The Policy Office sets and enforces Firmwide content and governance standards for LCD and Enterprise Risk Management policies and maintains the firm's repository for policies, procedures and related documents. The Compliance Rules Management Office (Rules Management Office) manages LCD's rules management program, which includes regulatory change monitoring and a central rules inventory, and maintains the Firm's rules management system.
Role Overview
The role will be responsible for supporting the Rules Management Office and business-as-usual routines for continued development of the rules management program to its future state. This includes, but is not limited to, assessing how the management of laws, rules and regulations is conducted across the Firm, with a focus on integrating select functions into the central rules management system, linking key rules to Policy documents and enforcing standards for the conduct of rules management outside the system. The Rules Management Office will also continue implementing the strategy for traceability between the rules management system/rules inventory and downstream functions, such as policies and risk assessment, quality assurance and testing. The role will require collaboration with divisions outside Legal and Compliance, regional/divisional rules and policy management teams, a support team in Mumbai, technology teams that support related systems, Compliance program/policy owners and members of the Firm's senior management. The role will be cross-trained in policy management routines and the PolicyPortal system.
The successful candidate will be an experienced professional with a background in Compliance, Legal or regulatory roles relating to the financial services industry and a strong track record in roles that involve reviewing, analyzing or tracking laws, rules and regulations, as well as experience in dealing with stakeholders across Firm functions.
Primary Responsibilities
- Liaise with various functions, including HR/employment, Finance, Corporate Services, Operations and Risk Management, to assess their processes for managing laws, rules and regulations and regulatory change
- Execute strategy for integrating these functions into the central rules management system as appropriate
- Establish and enforce standards for rules management functions that will remain outside the central rules management system
- Work with members of the Compliance Rules Management Office and other stakeholders within and outside LCD to develop and implement the strategy for traceability between the rules management program and downstream functions such as policies and risk assessment
- Advise stakeholders across the Firm on rules management best practices
- Support Policy Office Functions as needed and perform additional tasks as required.
Skills Required
- Undergraduate or graduate/professional degree
- 5+ years of experience in Compliance, Legal or regulatory roles relating to the financial services industry
- Experience working with or analyzing financial services laws, rules and regulations
- Ability to work with global and cross-functional teams spanning Legal and Compliance and other areas of the Firm
- Excellent written and oral communication skills
- Creative problem-solving skills and high level of learning agility and initiative
- Strong organizational skills with the ability to maintain attention to detail across multiple simultaneous projects
- Strong Microsoft Word, PowerPoint and Excel skills
Skills Preferred
- Policies and procedures drafting, reviewing and/or management
- Comfort working with technology systems and applications including business requirement drafting, product ownership and testing; programming skills not required
- Experience with designing quality assurance checks and reporting to support regulatory change and a rules inventory system
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $110,000.00 and $190,000.00 at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.
Posting Date
Jan 26, 2024
Primary Location
Americas-United States of America-New York-New York
Education Level
Bachelor's Degree
Job
Compliance
Employment Type
Full Time
Job Level
Vice President
