HYBRID-Shared Services Compliance Swap Dealer/Security-Based Swap Dealer Transaction Reporting Advis

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.

The talent and passion of our people is critical to our continued success as a firm. Together, we share core values rooted in integrity, excellence, and strong team ethic. Morgan Stanley is committed to helping its employees build meaningful careers and we strive to be a place for people to learn, achieve and grow.

Legal and Compliance

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.

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 Shared Service Team provides Compliance coverage and guidance across Morgan Stanley’s Operations Division. The Team’s responsibilities center on Operational Functions impacting the Firm’s Swap Dealer and Broker Dealer Entities.

Job Description

Lead a team focused on providing Compliance advisory support for OTC Derivatives business, including Fixed Income Derivatives Operations, FX Operations, Equity Derivatives Operations and Commodity Operations, with a focus on operational functions associated with regulated swap trading activities. Coverage will have a concentration on supporting the Operations division with ensuring compliance with Swap Dealer transaction reporting and business conduct regulations, particularly with the newly implemented SEC Security Based Swap Dealer (“SBSD”) regulations, with a focus on SBSD transaction reporting requirements and Parts 23, 43 and 45 of the CFTC rules.

Duties Of This Role Will Include

• Advise and provide guidance on the implementation of SEC’s newly released Security-Based Swap Dealer (“SBSD”) regulations, with a focus on SBSD transaction reporting requirements.
• Advise and provide guidance on the revisions to CFTC’s Swap Dealer regulations (CFTC 2.0), with a focus on revised Swap Dealer transaction reporting requirements.
• Advise and provide guidance on updates to the system architecture of Morgan Stanley’s primary swap data repository. Advise Tech & Data division in the development of Firm System enhancements to address regulatory requirements.
• Advise Operations staff on SEC and CFTC Confirmation requirements and assisting with improving the departments control framework.
• Advise and train Operations staff on regulatory issues related to their business unit’s coverage area.
• Assist the Firm’s Regulatory Inquiries Group and Examinations Team with NFA, CFTC and SEC exams and regulatory requests.
• Assist with the semi-annual sub certification process mandated by CFTC Rule 3.3.
• Partner closely with the Operations team to guide enhancements to the Firm’s swap transaction reporting control framework.
• Partner closely with various Operations, Technology, Compliance and Business Unit teams to provide oversight and facilitate the firm’s swap transaction reporting issue management process.
• Partner with the stakeholders from various Business Units on swap transaction reporting initiatives and enhancements.
• Help prepare materials and attend governance meetings.
• Strong, relevant regulatory background with 4-7 years of Swap Dealer compliance or industry experience
• Deep level of understanding of technology, including the ability to understand complex trading technologies in order to analyze and extract trading data to respond to regulatory matters involving CFTC & SEC rules
• 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
• Strong organizational and project management skills
• Excellent ability to analyze regulations and strong desire to learn new subject matter

Role allows option of working in office and from home on a set schedule (amount of flexibility to be defined by hiring manager and business unit). In line with Company expectations, minimum in office requirement is 3 days

Expected base pay rates for the role will be between 110,000 and 190,000 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 5, 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

Vice President