Wealth Management Investment Advisory Compliance Coverage Officer

Job description

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 successful candidate will provide compliance support to Firm’s Investment Advisory businesses for Wealth Management clients. The advisory business, delivered through Consulting Group, designs and supports numerous investment advisory programs, including FA discretion and non-discretion, third-party managed, UMA and institutional. The successful candidate’s primary responsibility will be supporting the FA discretionary and non-discretionary programs. More specifically, the candidate will provide compliance and regulatory guidance as the advisory business develops new offerings and strengthens controls for existing programs, including providing advice as to the nature and scope of any policies, procedures and other controls. Familiarity with the Investment Advisers Act is required.

Primary Responsibilities

• Develop a comprehensive understanding of the various investment advisory programs, including the platforms and technology that supports them.
• Provide regulatory compliance advice to the Consulting Group business in support of the covered advisory programs.
• Assist the business with the development of policies, procedures and other controls in connection with the advisory programs.
• Work with Compliance testing to identify and develop tests of advisory programs and functions.
• Provide advice relating to marketing disclosures and performance marketing.
• Participate in special projects relating to Consulting Group businesses, including projects that have an impact across all or multiple programs.
• Deliver Compliance training to other employees, including financial advisers, branch supervisors and home office business owners.

Skills

• Strong organizational and verbal and written communication skills.
• Ability to partner with senior business representatives
• Functional knowledge of rules governing advisory accounts.
• Functional knowledge of investment advisory programs.
• Series 7 and 66 preferred, but not required.
• Extensive experience (7+ years) with Investment Advisers Act of 1940, law firm, Registered Investment Adviser or dual registered broker-dealer.
• Minimum – Undergraduate degree. Masters, JD or additional industry certifications desirable.

Posting Date

Dec 8, 2017

Primary Location

Americas-United States of America-New York-New York

Job

Compliance

Employment Type

Full Time

Job Level

Executive Director