Institutional Sales and Trading Swap Dealer and Security-Based Swap Dealer Compliance Coverage Offic

Employer
Morgan Stanley
Location
New York, USA
Salary
Competitive
Posted
Oct 06, 2022
Closes
Oct 20, 2022
Ref
17209911
Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Company Profile
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 ethics. 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
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 Global Compliance Department manages a Firmwide Compliance Risk Management program, including Compliance risks that transcend business lines, legal entities, and jurisdictions of operation.
The Sales and Trading Compliance Group in Institutional Securities Compliance advises and assists the Firm's Sales and Trading Division in establishing, implementing, and enforcing sales and trading practices. The Group is responsible for reviewing business, compliance and supervisory processes and practices. The Group will coordinate, recommend, and execute plans to address potential issues, fulfill regulatory obligations and promote best practices.

Primary Responsibilities
A Global bank seeks a Compliance Officer to join the Institutional Securities Group (ISG) Sales and Trading Compliance Coverage group in its Global Compliance Department. The Sales and Trading Compliance Group in Institutional Securities Compliance advises and assists the Firm's Sales and Trading Division (both its Institutional Equities and Fixed Income Divisions) in establishing, implementing and enforcing sales and trading practices. The Group is responsible for reviewing business, compliance and supervisory processes and practices. The Group will coordinate, recommend, and execute plans to address potential issues, fulfill regulatory obligations and promote best practices. On a day-to-day basis, the position supports the Co-Heads of the Sales and Trading Compliance team and works closely with various businesses and control functions to help ensure that the bank appropriately addresses the regulatory risks relative to its swap and security-based swap business activities.

The principal responsibilities of this position include:
-Recommending and implementing enhancements to the swap dealer compliance program and related policies/procedures to ensure that they are reasonably designed to achieve compliance with applicable requirements.
-Coordinating with the Regulatory Reform Strategy Group in the ISG Compliance team to help developing a robust global compliance program for the bank's security-based swap dealers, including assisting the bank's Chief Compliance Officers (CCOs) in satisfying their duties and responsibilities under new and pending SEC rules.
-Assisting with annual gap analyses to identify and update impacted policies globally based on swap reform regulations, including CFTC, NFA, and SEC regulations.
-Assisting with the development and implementation of policies/procedures to comply with international regulation applicable to the bank's swap activities in the U.S.
-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.
-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 swap dealer controls and surveillance.
-Working with compliance training staff on the development and coordination of initial and ongoing training for employees on requirements impacting the swap dealers.
-Assisting Sales and Trading Compliance in their responsibilities related to the preparation of the annual report for each swap dealer and any other required periodic reports or MIS that the CCO for these entities will be required to provide to the governing body or relevant regulatory authorities.
-Assisting stakeholders across the bank in understanding proposed swap and / or security-based swap rules and associated obligations to inform the bank's advocacy. #LI-SS1

Qualifications:

Skills Required
-At least 3-5 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 or knowledge of sales and trading of swaps, security-based swaps, or related instruments
-Familiarity with global derivatives 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 #LI-SS1
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