We're seeking someone to join us a Control Group Manager - Compliance, Associate / Director.
In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk.
The EMEA Compliance Department is a service-oriented department which provides guidance and advice to all business and support staff at the Firm, including Sales & Trading, Research, Investment Banking, Global Capital Markets and Investment Management.
The Department provides general transactional guidance and advice to Business Units and other staff, implements compliance policies as required, and provides training. It also undertakes surveillance activities and utilises exception reports to monitor and, where appropriate, investigate Firm, customer and employee trading activity. The Department is also called upon to render advice on legal requirements; the rules and regulations of statutory and SROs, exchanges, and other bodies; and Firm policies and procedures.
Team Profile The Control Group is responsible for monitoring the Firm's Information Barriers, policies and procedures implemented to maintain said Information Barriers and pre-clearance of certain business activities that may present potential conflicts of interest. The Research & Investment Banking coverage team within the group is primarily responsible for the review of Research, chaperoning and gatekeeping communications between Research and the Private Side as well as personal account trade pre-clearances and the maintenance of the Firm's Watch and Restricted Lists.
Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.
What you'll do in the role: Day-to-day responsibilities of the members of the Control Group Research and Investment Banking Coverage include, but are not limited to:
- Ongoing Watch and Restricted List maintenance, including necessary interactions with private side deal team members or other relevant LCD or business unit contacts.
- Documentation and relevant notifications under the Firm's Wall Crossing policies and procedures.
- Review of Fixed Income and Equity Research against the Firm's Watch and Restricted List for compliance with relevant securities laws and with internal policies, such as the Firm's M&A Research Policy.
- Chaperoning and gatekeeping of permissible communications between Research and the Private Side under the Global Research Settlement and relevant internal policies and procedures.
- Employee trade pre-clearances for business units or individuals subject to trade pre-clearance with the Control Group due to their private side, Above-the-Wall or Over-the-Wall status.
Primary Responsibilities
a.Information Barriers/Conflict Management
Ensure compliance with procedures designed to prevent conflicts of interest between Investment Banking and Sales & Trading, and Research activities conducted by the Firm. Closely monitor status of the Firm's Investment Banking including Capital Markets projects and maintain Watch List and Restricted List and related matters;
b. Advice and Interpretation
Provide advice and interpretation of Morgan Stanley's policies and regulatory requirements, particularly relating to Restricted List, communications between Research and Investment Banking, Employee Trading, and working with internal and external lawyers, providing advice on Takeover Code, US, UK and other laws and regulations.
c. Other
(i) participate in regional and global system and IT development projects aimed at enhancing the Control Group's surveillance program;
(ii) participate in audits and Annual Compliance Review as required;
(iii) update existing procedures and develop new policies on an ongoing basis;
(iv) assist in the enhancement of existing processes and work to develop new controls for oversight of Control Group processes
(v) Provide supervisory review for sensitive research and act as a control check on other work items
(vi) participate in training to business units; and
(vii) liaise with business risk management teams and others in global compliance teams as required.
d. Hours of Control Group Coverage
Given the range of business units that the Control Group supports and the operational criticality of its services, the Control Group operates a shift system ensuring there is coverage from EMEA based staff from 7am to 7.00pm. These hours are managed through a shift structure which all team members participate in, and as with any business, coverage is also determined by team resource and workflow levels. The Control Group also provides a minimum weekend coverage to help address urgent business needs to maintain service continuity, where required.
What we're looking for: - Typically, 2-5 years' relevant experience would generally be expected to find the skills required for this role
- University graduate or equivalent degree (in business, accounting or law ideally)
- Familiarity with general UK and US compliance issues and relevant laws and regulations, e.g. US Securities Act and the UK Financial Services Act. Particular experience with insider dealing and Information Barrier issues, Market Abuse, Financial Promotion, Code of Market Conduct and applicable laws and regulations
- Solid working knowledge of relevant product areas (e.g. Research, Investment Banking and Capital Markets, Sales & Trading) plus a good working knowledge of the main regulatory areas of focus for Control Group (e.g. Information Barriers, Insider Dealing & Market Abuse, US Research Settlement, LTOP, MAR etc.)
- Professionally mature and articulate
- Good analytical and numerical skills
- Good communication skills in order to present views to senior management and to explain technical requirements
- Ability to remain focused under pressure, identify and set priorities for others, perform multiple tasks simultaneously
- Able to develop strong relations with business units
- Able to provide supervision of other staff and have experience of providing feedback and developing other team members
- Experience of identifying, evaluating and implementing improvements that either increase the performance of the CG or improve risk management
- Able to work both as a team player as well as independently
WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 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.
To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.
Certified Persons Regulatory Requirements: If this role is deemed a Certified role and may require the role holder to hold mandatory regulatory qualifications or the minimum qualifications to meet internal company benchmarks.
Flexible work statement Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.
For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo .
