Executive Financial Services - Rule 10b5-1 Specialist

7 days left

Employer
Morgan Stanley
Location
New York, USA
Salary
Competitive
Posted
Sep 30, 2020
Closes
Oct 30, 2020
Ref
8549009
Job Function
Wealth Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
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.

As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

Department Profile:

Executive Financial Services ("EFS") supports transactions involving restricted or control stock, often-involving Rule 144 Affiliates and Corporate Insiders. These transactions include Rule 10b5-1 Trading Plans, sales under Rule 144 or pursuant to prospectus registration, margining, hedging, gifting or legend removals for restricted stock. EFS conducts due diligence with Issuer counsel prior to the transaction, negotiates and implements 10b5-1 contracts (including trade execution pursuant to the plan) and facilitates SEC filings, clearing and settlement of restricted trades. An important part of the service provided by EFS includes education and guidance to Financial Advisors ("FAs"), branch management and issuer counsel/corporate clients on SEC rules and operational considerations.

Position Summary and Responsibilities:

As a Rule 10b5-1 Specialist under EFS this position will be responsible for handling adoption and management of 10b5-1 trading plans for new and established Issuers, while maintaining a white glove service to our clients. The ideal candidate must have proven experience with speaking to senior level executives and provide a concierge type service to Issuers, clients, advisors and partners throughout the Firm. The Rule 10b5-1 Specialist is required to be licensed: Series 7, 63.

General Functions include:
• Provide internal training on the process, policies, and practices around implementing Rule 10b5-1 trading plans.
• Negotiate Rule 10b5-1 contracts for Issuers: draft revisions to reflect a company's insider trading policy, coordinate trade schedules, and conduct due diligence to establish plans. During the course of onboarding a new company, the Specialist may speak with Issuer's counsel, transfer agent, FA, client (seller) and occasionally Compliance or Legal.
• Possess an understanding for corporate equity plans: option exercises, restricted stock vests, SARS and related administration.
• Provide educational support and trade schedule advice to FAs and clients (sellers) on the best way to execute/effect a trade schedule for an individual client (seller).
• Work closely with Stock Plan Directors, Financial Advisors, Technology, Legal Department & Compliance and Strategic Client Management (the liaison between wealth management and MS's investment bank),. Must quickly develop a full understanding of how each group interacts.
• Potential travel for Issuer and client prospects, as well as speaking engagements and conferences. Must be able to present MS's capabilities, as well as understand the operations of administering plans.
• Ability to recognize needed enhancements in operations that could improve efficiencies, or decrease risk.
• Review legal documents with an eye to manage risk and have the ability to identify and present issues (as appropriate) to Legal and EFS management.
• Develop and maintain a high level of knowledge in various SEC Rules: 10b5-1, Rule 144, 10b-18, Section 16, etc.
• Facilitate the clearance & settlement of restricted shares, including compiling and submitting legal paperwork to company counsel.
• File Rule 144 Forms with the SEC as required.
• Maintain EFS records on Rule 10b5-1 trading plans .*LI-JG1

Qualifications:

Required Qualifications / Skills:
• Prior experience in Capital Markets, Investment Banking/Origination, Wealth Management or other role in finance.
• FINRA Licenses: Series 7 & 63 required.
• Strong presentation, negotiation, oral and written communication.
• Proficiency with Microsoft Excel and PowerPoint.
• Self-Motivator, ability to learn independently and work free from immediate supervision.
• Positive and professional customer service attitude.
• Willingness to work off hours and check emails during busy cycles.

Desired Qualifications / Skills
• Experience with Rule 10b5-1 plans preferred
• Certified Equity Professional (CEP) or Equity Compensation Associate (ECA) designations preferred
• MBA or CFA or progress toward either is helpful
• Data analysis skills / experience
• Project management experience *LI-JG1

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