What are the responsibilities and job description for the VP, Frameworks Compliance Officer position at Morgan Stanley?
Frameworks Compliance Officer, VP
Morgan Stanley is seeking a Compliance Officer to join the Swap Dealer Compliance group (the Group) in its Global Compliance Department. The Group is responsible for the implementation and management of the overall compliance program for the Firm's CFTC-regulated swap and SEC-regulated security-based swap business activities globally. On a day-to-day basis, the position supports the Head of Swap Dealer Compliance and works closely with various businesses and control functions to help ensure that the Firm appropriately addresses the regulatory risks relative to its swap and security-based swap business activities. The Group also operates a similar global framework to assist the Firm's non-U.S. entities with respect to compliance with Regulation K under the Federal Reserve Act
The Principal Responsibilities Of This Position Include
> Assisting in developing and maintaining a robust global compliance program for the Firm's swap and security-based swap dealers, including assisting each applicable Chief Compliance Officer (CCO) in satisfying their duties and responsibilities under CFTC and SEC rules.
> Assisting with annual gap analyses to identify and update impacted policies globally based on new or amended swap and security-based swap regulations or guidance promulgated by the CFTC, NFA, and SEC.
> Assisting with the development and implementation of policies/procedures to comply with international regulation applicable to the Firm's swap and security-based swap activities, particularly those activities implicating U.S. jurisdiction.
> Works with regulators, regional Compliance coverage, internal and external subject matter experts, and business unit management to continue to enhance and implement consistent global standards for the Firm's global swap dealer and security-based swap dealer compliance framework.
> Assisting in developing and maintaining a robust global compliance program to ensure that the Firm's non-U.S. banking operations are operating pursuant to the restrictions and conditions set forth in Regulation K of the Federal Reserve Act, including those provisions applicable to non-U.S. banks.
> Recommending and implementing enhancements to the compliance programs described above and related policies/procedures to ensure that they are reasonably designed to achieve compliance with applicable requirements.
> Advises the business on regulatory developments and related control enhancements
> Developing and maintaining reports for review by senior management analyzing compliance issues, conflicts of interest, or other matters including tracking status of issues disclosed in annual reports.
> Working with business management and compliance surveillance, testing, and audit staff on the development of applicable controls and surveillance.
> Working with compliance training staff on the development and coordination of initial and ongoing training for employees on requirements impacting the frameworks maintained by the Group. Qualifications
> At least 4-7 years of compliance or regulatory experience, preferably with an investment bank, federal regulator or self-regulatory organization, or in a risk management function or law firm
> Strong knowledge of Title VII of the Dodd-Frank Act as pertains to the obligations of swap and security-based swap dealers and/or Regulation K
> Familiarity with global derivatives and/or banking regulation
> Self-starter who is able to execute time-sensitive projects against plans
> Strong inter-personnel skills with a focus on developing relationships at all levels and across functions
> Experience in presenting to management
> Exceptional attention to detail and strong analytical skills
> Proficiency in Excel, PowerPoint, and Microsoft Office
Bachelor of Arts degree or equivalent required; advanced degree preferred.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
Salary range for the position: $120,000 and $205,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Morgan Stanley is seeking a Compliance Officer to join the Swap Dealer Compliance group (the Group) in its Global Compliance Department. The Group is responsible for the implementation and management of the overall compliance program for the Firm's CFTC-regulated swap and SEC-regulated security-based swap business activities globally. On a day-to-day basis, the position supports the Head of Swap Dealer Compliance and works closely with various businesses and control functions to help ensure that the Firm appropriately addresses the regulatory risks relative to its swap and security-based swap business activities. The Group also operates a similar global framework to assist the Firm's non-U.S. entities with respect to compliance with Regulation K under the Federal Reserve Act
The Principal Responsibilities Of This Position Include
> Assisting in developing and maintaining a robust global compliance program for the Firm's swap and security-based swap dealers, including assisting each applicable Chief Compliance Officer (CCO) in satisfying their duties and responsibilities under CFTC and SEC rules.
> Assisting with annual gap analyses to identify and update impacted policies globally based on new or amended swap and security-based swap regulations or guidance promulgated by the CFTC, NFA, and SEC.
> Assisting with the development and implementation of policies/procedures to comply with international regulation applicable to the Firm's swap and security-based swap activities, particularly those activities implicating U.S. jurisdiction.
> Works with regulators, regional Compliance coverage, internal and external subject matter experts, and business unit management to continue to enhance and implement consistent global standards for the Firm's global swap dealer and security-based swap dealer compliance framework.
> Assisting in developing and maintaining a robust global compliance program to ensure that the Firm's non-U.S. banking operations are operating pursuant to the restrictions and conditions set forth in Regulation K of the Federal Reserve Act, including those provisions applicable to non-U.S. banks.
> Recommending and implementing enhancements to the compliance programs described above and related policies/procedures to ensure that they are reasonably designed to achieve compliance with applicable requirements.
> Advises the business on regulatory developments and related control enhancements
> Developing and maintaining reports for review by senior management analyzing compliance issues, conflicts of interest, or other matters including tracking status of issues disclosed in annual reports.
> Working with business management and compliance surveillance, testing, and audit staff on the development of applicable controls and surveillance.
> Working with compliance training staff on the development and coordination of initial and ongoing training for employees on requirements impacting the frameworks maintained by the Group. Qualifications
> At least 4-7 years of compliance or regulatory experience, preferably with an investment bank, federal regulator or self-regulatory organization, or in a risk management function or law firm
> Strong knowledge of Title VII of the Dodd-Frank Act as pertains to the obligations of swap and security-based swap dealers and/or Regulation K
> Familiarity with global derivatives and/or banking regulation
> Self-starter who is able to execute time-sensitive projects against plans
> Strong inter-personnel skills with a focus on developing relationships at all levels and across functions
> Experience in presenting to management
> Exceptional attention to detail and strong analytical skills
> Proficiency in Excel, PowerPoint, and Microsoft Office
Bachelor of Arts degree or equivalent required; advanced degree preferred.
What You Can Expect From Morgan Stanley
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.
Salary range for the position: $120,000 and $205,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and X Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Salary : $120,000 - $205,000
