Job Type
Job Details
The Bank Compliance Department is charged with oversight and coordination of the Compliance program for the U.S. Banks (Morgan Stanley Bank, N.A. and Morgan Stanley Private Bank, National Association). The candidate will join the Bank Institutional Compliance team as an Institutional Banking Compliance Generalist. Bank Institutional Compliance provides coverage compliance for institutional business activities executed on Morgan Stanley Bank, N.A. including capital markets, lending, and swap dealer activities. The individual will provide compliance coverage and support for the Bank Institutional Compliance team, including coverage of related business areas. This role will play a key part in assisting with the execution of compliance-related processes by contributing to strategic initiatives and supporting the development and enhancement of MSBNA's compliance framework. The role offers the opportunity to develop subject matter expertise across a wide range of regulatory topics and grow into a critical member of the team supporting the Bank's compliance program and institutional business functions.
Primary Responsibilities
> Support compliance coverage for the institutional banking businesses, including coordination with other compliance teams and control partners.
> Conduct and support compliance risk assessments and deep-dive reviews of business practices
> Develop, review, and enhance policies, procedures, controls, and training to address regulatory requirements and business changes
> Coordinate and support reviews of new business initiatives, products, risk assessments, controls, and services, including the NPA process, trader mandates, surveillance and related controls, quarterly business reviews and regulatory inquiries
> Prepare compliance related KRIs and dashboards
> Collaborate with global and regional colleagues to ensure consistent application of compliance standards. Skills Required:
> Bachelor's Degree
> 2-5 years of compliance, regulatory, or related experience, with knowledge of the financial service industry, regulatory requirements, and experience in analyzing business risk and best practices
> Familiarity with institutional trading and lending products
> Knowledge of bank laws and regulations, particularly from the OCC, Federal Reserve, CFPB and FDIC
> Organizational skills to manage multiple projects and ability to work independently
> Strong relationship-building skills and ability to partner with clients to develop practical solutions that meet business needs while remaining compliant with applicable laws and regulations
Skills Desired:
> Strong analytical and problem-solving abilities, including the ability to explain/support conclusions from analysis
> Understanding of trading workflows, front-office systems, and product structures across multiple asset classes
> Interest in learning and developing broad-based compliance knowledge and growing within a dynamic team
> Ability to build & maintain credible relationships
> Ability to identify and escalate issues effectively and appropriately
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.
Salary range for the position: $83,000 - $115,000/Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
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).
