Finance Advisory Coverage - Shared Services Compliance

Morgan Stanley
New York, USA
$110k - $190k
Dec 03, 2022
Dec 17, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Firm Overview:
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 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 Services Compliance team provides Firm wide Compliance coverage and guidance to the Firm's Infrastructure Divisions.
The Finance Compliance team, which is part of Shared Services Compliance provides coverage of two key Financial and Operational pillars of Morgan Stanley's US non-bank standalone regulated legal entities, including broker-dealers, security-based swap dealers, OTC derivative dealers and swap dealers: (1) Protecting the Firm which includes Net Capital and Margin and (2) Protecting Our Customers which covers Customer Asset Protection and other financial responsibility rules. Our coverage is front-to-back, engaging groups across the front, middle, and back office. This includes select Finance groups, a wide variety of Operations, Business areas, and coordinated coverage with front office Legal and Compliance Division.

Job Description:
Compliance coverage of customer asset protection, capital and financial reporting for Morgan Stanley's US non-bank standalone regulated legal entities, including broker-dealers (institutional and wealth management), security-based swap dealers, OTC derivative dealers and swap dealers. This opportunity is for someone that has the willingness and ability to learn and navigate complex business models and their associated rules, with a proactive approach that flourishes in a high speed and collaborative environment. Development opportunities to expand current knowledge due to vast array of global businesses across a mix of institutional and wealth management clients.
Compliance role includes:
  • Provide Compliance coverage support to Finance and Operations teams responsible for customer asset protection, capital and financial reporting requirements
  • Advise on applicable processes, controls, governance, policies, and procedures, including the design sufficiency of control processes and policies and procedures for regulatory requirements
  • Track and advise on interpretation of new or proposed rules, and post implementation focus items
  • Keep abreast of industry trends and emerging risks and anticipate regulatory focus areas, keeping internal stakeholders informed
  • Coordinate, draft, and present training materials to various internal constituencies, including Legal and Compliance, Finance, Operations, and Front Office
  • Provide support, including drafting as applicable, in connection with Compliance testing, Internal and External Audit, Regulatory Exams and Regulatory Continuous Monitoring Engagements
  • Develop and maintain strong relationships with Regulators including SEC, FINRA, CFTC and NFA, as well as industry peers and internal stakeholders in Finance, Firm Risk Management, Operations, and the BU
  • Perform monitoring and testing functions on covered areas


  • Strong background on reserve formula and capital concepts with an understanding of, or ability to identify connections to margin, and possession or control concepts
  • Minimum of 8 years of relevant experience
  • Ability to analyze broker-dealer and other regulated legal entity ledgers and complex booking models
  • Strong organizational skills with ability to prioritize and multitask
  • Ability to create and maintain relationships
  • Willingness to learn new topics
  • Excellent oral and written communication skills

Expected base pay rates for the role will be between 110000 and 190000 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.
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