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Form of workMorgan Stanley is a leading global financial services firm that conducts its business through three principal business segments-Institutional Securities, Asset Management, and Wealth Management (WM). The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 42 countries. The WM 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 (MSSB) and Morgan Stanley Private Bank, National Association (MSPBNA). WM Private Banking Group (PBG) Compliance is a second line advisory function within WM Compliance that is responsible for providing advice and guidance on deposits, cash management services and lending products offered by Morgan Stanley Smith Barney LLC (MSSB) and its bank affiliates, and distributed by MSSB Financial Advisors to WM clients. The PBG business areas supported by PBG Compliance include deposit products, banking services and money movement, cash management accounts, credit card co-branding programs, securities based lending offered by the broker-dealer as well as the U.S.
Bank affiliates, tailored lending, and home loans. PBG Compliance 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 these cash management and lending products and services, strategic initiatives, sales initiatives and marketing campaigns, regulatory developments, policies and procedures, and control enhancements. Locations: Purchase, NY | Baltimore, MD The Legal and Compliance Division (LCD) is seeking a senior Compliance Officer responsible for providing advice and guidance to the business units on the distribution of Private Banking products and services to MSSB clients and on matters related to consumer protection across WM.
The successful candidate will be responsible for, among other things: - Providing advice and guidance to business partners on compliance with applicable bank and broker-dealer regulations in connection with new projects, product features and initiatives; - Working with stakeholders across LCD and all WM businesses on matters related to consumer protection and evolving standards of care applicable to WM clients. - Collaborating with Compliance, Legal, Risk, and business colleagues on enhancing the control environment, supervisory framework, policies and procedures, training, surveillance and testing; - Actively monitoring regulatory developments and trends, assisting the business units with understanding the impacts of changes and complying with new or amended regulations - Developing and maintaining policies and procedures to facilitate compliance with laws, regulations and rules. - Minimum 5 to 10 years relevant working experience in the financial services industry in Compliance or related fields or at a securities regulator - 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 Private Banking products and services, including, but not limited to, cash management accounts, bank accounts, deposit products, tailored lending and 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 This role is Hybrid and will require being in the office 3 days a week / 2 days Work from Home. 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 and $190,000 per year 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.
