What are the responsibilities and job description for the VP, Regulatory Relations position at Morgan Stanley?
Department Profile
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.
Background on the Team
The Americas Prudential Regulatory Relations Group (ARRG) provides strategic advice on supervisory matters and centralized management of the activities of the Firm's regulators and related developments globally, focusing on regulatory reviews and examinations and continuous monitoring activities. ARRG serves as the central point of contact with the supervisory prudential regulators in the US to facilitate open, productive and proactive relationships. ARRG regularly apprises senior management of the Firm's prudential regulatory relationships, including providing thought leadership.
Primary Responsibilities
The ARRG team is looking for an experienced Vice President level professional to join our team in New York. This individual will work closely with the senior members of the team and will be responsible for navigating, advising on, and executing all aspects of regulatory interactions with prudential regulators and key internal stakeholders, including:
> Front-to-back strategic management of concurrent complex regulatory examinations, as well as the coordination of a portfolio of quarterly, monthly, and ad hoc requests made by regulators
> Evaluating regulatory risks arising from interactions and advising management on the appropriate plan of action
> Ensuring senior management is apprised of all key regulatory requests, meetings and areas of focus, including both the status and resolution
> Maintaining a detailed understanding of the status of open examination issues and providing advice and challenge to internal stakeholders on resolution
> Producing briefing memos to senior management in advance of regulatory meeting
> Advising on the appropriateness of regulatory responses and remediation plans
> Leading regulatory meetings, including working with regulators on the agendas, preparation of internal stakeholders and materials, and the tracking and coordination of responses to follow-up requests
> Preparing senior management and other internal stakeholders for regulatory exam, continuous monitoring and ad hoc meetings
> Attending committee meetings and workings groups and providing updates on relevant regulatory matters and/or guidance on remediation activities
> Fostering proactive relationships with regulatory counterparts and internal key constituents
> Keeping up-to-date on the Financial Services regulatory landscape, including trends and new rules development
This role provides an excellent opportunity for an individual looking to expand their Financial Ser-vices knowledge, learn more about the Regulatory environment and develop a good understanding of key Firm processes and functions. Skills required (essential)
> Bachelor degree. JD/MBA a plus
> 7-10 years banking experience from a regulatory organization such as the FRB, OCC, FDIC or CFPB or in a similar position in the financial services industry or legal /compliance/regulatory background.
> Critical dependency on strong written and oral communication, presentation, and interpersonal skill to effectively interact with and influence internal and external stakeholders
> Strong planning and organization skills
> Ability to multitask, be flexible, manage to a deadline, adapt to change of priorities
> Ability to work independently and effectively with both regulatory staff as well as senior firm personnel globally
> Sound judgment in identifying risks in order to proactively escalate with the relevant senior management
> Demonstrated ability to operate at a strategic level with capacity to engage with detail when necessary
> Must be a self-confident leader possessing a collaborative and participatory management style. Professionalism, sensitivity, and discretion required
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.
Expected base pay rates for the role will be between $120,000.00 and $205,000.00 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.
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).
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.
Background on the Team
The Americas Prudential Regulatory Relations Group (ARRG) provides strategic advice on supervisory matters and centralized management of the activities of the Firm's regulators and related developments globally, focusing on regulatory reviews and examinations and continuous monitoring activities. ARRG serves as the central point of contact with the supervisory prudential regulators in the US to facilitate open, productive and proactive relationships. ARRG regularly apprises senior management of the Firm's prudential regulatory relationships, including providing thought leadership.
Primary Responsibilities
The ARRG team is looking for an experienced Vice President level professional to join our team in New York. This individual will work closely with the senior members of the team and will be responsible for navigating, advising on, and executing all aspects of regulatory interactions with prudential regulators and key internal stakeholders, including:
> Front-to-back strategic management of concurrent complex regulatory examinations, as well as the coordination of a portfolio of quarterly, monthly, and ad hoc requests made by regulators
> Evaluating regulatory risks arising from interactions and advising management on the appropriate plan of action
> Ensuring senior management is apprised of all key regulatory requests, meetings and areas of focus, including both the status and resolution
> Maintaining a detailed understanding of the status of open examination issues and providing advice and challenge to internal stakeholders on resolution
> Producing briefing memos to senior management in advance of regulatory meeting
> Advising on the appropriateness of regulatory responses and remediation plans
> Leading regulatory meetings, including working with regulators on the agendas, preparation of internal stakeholders and materials, and the tracking and coordination of responses to follow-up requests
> Preparing senior management and other internal stakeholders for regulatory exam, continuous monitoring and ad hoc meetings
> Attending committee meetings and workings groups and providing updates on relevant regulatory matters and/or guidance on remediation activities
> Fostering proactive relationships with regulatory counterparts and internal key constituents
> Keeping up-to-date on the Financial Services regulatory landscape, including trends and new rules development
This role provides an excellent opportunity for an individual looking to expand their Financial Ser-vices knowledge, learn more about the Regulatory environment and develop a good understanding of key Firm processes and functions. Skills required (essential)
> Bachelor degree. JD/MBA a plus
> 7-10 years banking experience from a regulatory organization such as the FRB, OCC, FDIC or CFPB or in a similar position in the financial services industry or legal /compliance/regulatory background.
> Critical dependency on strong written and oral communication, presentation, and interpersonal skill to effectively interact with and influence internal and external stakeholders
> Strong planning and organization skills
> Ability to multitask, be flexible, manage to a deadline, adapt to change of priorities
> Ability to work independently and effectively with both regulatory staff as well as senior firm personnel globally
> Sound judgment in identifying risks in order to proactively escalate with the relevant senior management
> Demonstrated ability to operate at a strategic level with capacity to engage with detail when necessary
> Must be a self-confident leader possessing a collaborative and participatory management style. Professionalism, sensitivity, and discretion required
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.
Expected base pay rates for the role will be between $120,000.00 and $205,000.00 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.
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
