Operations Compliance Coverage - Operations Compliance

Baltimore County, MD
Dec 07, 2018
Dec 10, 2018
Full Time
Firm 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 ethics. 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. Department Overview: The Global Compliance Department manages a Firmwide Compliance Risk Management program, including compliance risks that transcend business lines, legal entities and jurisdictions of operation. Group Overview: The Operations Compliance Team provides Compliance coverage and guidance across the core functions of Morgan Stanley's Operations Division. The Operations Compliance team provides advisory coverage regarding laws, regulations, regulatory guidance and related internal policies and procedures that apply to Morgan Stanley's Broker Dealer and Swap Dealer Entities. The team focuses on regulatory developments, including notifying the business of new rules, interpreting new and existing rules, providing coverage to the BU on regulatory-related BU projects and initiatives, assisting the business in mapping compliance, coordinating with LCD globally, and participating in the rule comment process through Industry Groups or directly on behalf of the Firm. Job Description: Provide Compliance advisory support to the Operations Division with a focus on operational functions associated with sales and trading activities. Coverage will actively monitor regulatory developments and trends, and provide Compliance oversight to confirm the Operations Division is taking appropriate steps to comply with new or amended regulations. Coverage will advise and train Operations staff on regulatory issues related to their business units, oversee regulatory reporting functions performed by Operations, draft compliance notices, review written supervisory procedures and assist the Firm's Regulatory Inquiries Group and Examinations Team with SEC, FINRA and MSRB Regulatory requests. Additional responsibilities include: Partner closely with the Firm's Trading Support groups within the Institutional and Wealth Management Operations Teams on the implementation and enhancement of controls in an effort to ensure satisfactory regulatory performance across all in-scope entities and asset classes in relation to securities regulations. Provide compliance support to the Firm's Shared Services & Banking Operations team with a focus on client reference data initiatives (eg, Legal Entity Identifier and Larger Trader ID). Provide compliance support for Operational functions; Trade Support, Client on boarding, and Regulatory Reporting. Serve as an escalation point for Operations with regards to Operations incidents that impact the Firm's regulatory obligations. Advise on the implementation of SEC Rule 613, the Consolidated Audit Trail. A dvise and assist Operations with the implementation efforts in response to securities rule enhancements. Advise Technology and Data in the development of Firm System enhancements to address regulatory requirements. Participate in Industry Working Groups focusing on regulatory initiatives impacting the Firm's Broker Dealers. Determine and review on an ongoing basis that the policies and procedures developed in relation to functions performed by Operations on behalf of the Swap Dealers remain appropriate, and oversee the implementation of any necessary changes to such policies and procedures. Review Internal Audit findings, develop remediation plans and monitor execution against agreed action plans. Qualifications: Skills Required: Strong, relevant regulatory background with a minimum of five years compliance or industry experience Excellent interpersonal skills, confidence, and credibility The ability to work very effectively within an organization and communicate with junior and senior business and operations personnel Ability to work independently Excellent ability to analyze regulations and strong desire to learn new subject matter Operations Compliance Coverage - Operations Compliance