Global Compliance: Executive Director Enterprise Compliance Policies and Rules Management Team

Morgan Stanley is a leading global financial services firm providing a range of investment banking, securities, investment management and wealth management services. The Firm’s employees serve clients worldwide 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.

Professionals within Legal and Compliance (LCD) 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 Enterprise Compliance Policy and Rules Management team contains two primary functions. The Policy Office sets and enforces Firmwide content and governance standards for LCD and Enterprise Risk Management policies and maintains the firm’s repository for policies, procedures, and related documents. The Compliance Rules Management Office (Rules Management Office) manages LCD’s rules management program, which includes regulatory change monitoring and a central rules inventory, and maintains the Firm’s rules management system.

Responsibilities That This Role Will Support

The role will be responsible for supporting the Rules Management Office as it continues to develop the rules management program to its future state. This includes, but is not limited to, assessing how the management of laws, rules and regulations is conducted across the Firm, with a focus on functions that are not currently integrated into the central rules management system, and determining and implementing the approach to integrating those functions into the system or setting and enforcing standards for the conduct of rules management outside the system. The Rules Management Office will also be developing and implementing the strategy for traceability between the rules management system/rules inventory and downstream functions, such as policies, risk assessment and controls. The role will require collaboration with divisions outside Legal and Compliance, regional/divisional rules and policy management teams, a support team in Mumbai, technology teams that support related systems, Compliance program/policy owners and members of the Firm’s senior management.

The successful candidate will be an experienced professional with a background in Compliance, Legal or regulatory roles relating to the financial services industry and a strong track record in roles that involve reviewing, analyzing or tracking laws, rules and regulations, as well as experience in dealing with stakeholders across Firm functions, including senior personnel.

Primary Responsibilities

• Liaise with various functions, including HR/employment, Finance, Corporate Services, Operations and Risk Management, to assess their processes for managing laws, rules and regulations and regulatory change
• Develop and implement strategy for integrating these functions into the central rules management system as appropriate
• Establish and enforce standards for rules management functions that will remain outside the central rules management system
• Work with members of the Compliance Rules Management Office and other stakeholders within and outside LCD to develop and implement the strategy for traceability between the rules management program and downstream functions such as policies, risk assessment and controls
• Advise stakeholders across the Firm on rules management best practices
• Perform additional tasks as required
• Undergraduate or graduate/professional degree
• 7+ years of experience in Compliance, Legal or regulatory roles relating to the financial services industry
• Experience working with or analyzing financial services laws, rules and regulations
• Ability to work with global and cross-functional teams spanning Legal and Compliance and other areas of the Firm
• Ability to interface with senior stakeholders across the Firm
• Excellent written and oral communication skills
• Creative problem-solving skills and high level of learning agility and initiative
• Strong organizational skills with the ability to maintain attention to detail across multiple simultaneous projects
• Strong Microsoft Word, PowerPoint and Excel skills
• Policies and procedures drafting, reviewing and/or management
• Comfort working with technology systems and applications; programming skills not required

Expected base pay rates for the role will be between $160,000 and $250,000 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.

Posting Date

Jan 4, 2023

Primary Location

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

Education Level

Bachelor’s Degree

Job

Compliance

Employment Type

Full Time

Job Level

Executive Director