ED, Regional Compliance Officer (Northeast)

Morgan Stanley•Purchase, NY

About The Position

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm's management of legal, regulatory and franchise risk. This is an Executive Director level position within WM Field Compliance which focuses on providing advisory guidance to the Wealth Management Field. WM Field Compliance is comprised of Regional Compliance Officers and Field Service Compliance, Compliance Conduct Risk, Private Wealth Management, International Wealth Management, and WM PBG Compliance. Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Requirements

Minimum 10+ years work experience in a Senior Compliance or Risk role;
A strong understanding of SEC and FINRA regulations, with a particular focus on sales practice and suitability concerns involving retail products in brokerage and advisory accounts;
Extensive knowledge of various products, including, Futures, Annuities, Structured Investments, Alternative Investments, Exchange-Traded Products, Fixed Income, Equities, Options, Unit Investment Trusts, and Mutual Funds;
A thorough understanding of conflicts of interest and business practices typically associated with a broker-dealer (e.g. gifts, non-cash compensation, outside business activities, trading, etc.);
Ability to challenge the Business where there is a potential for regulatory or reputational risk;
The ideal candidate will be proactive, have strong verbal and written communications skills, and the ability to prioritize and handle multiple tasks in a fast-paced environment;
Ability to analyze data and identify and escalate key trends, patterns, and root causes;
Evidence strong leadership capabilities or previous supervisory experience;
Ability to work within a team and act independently;
Relevant Wealth Management Business experience;
Proven ability to interact with Financial Advisors and Branch staff in a professional and productive manner;
Excellent judgment and the ability to be discreet in all matters;
Bachelor's Degree required;

Nice To Haves

Preference for FINRA SIE, Series 7, 9/10, 24, and/or 65/66

Responsibilities

Provide Compliance guidance and advice to Regional Management and Market management on Firm and regulatory policies and procedures;
Participate in senior Compliance management meetings as well as meetings and coordination with senior business leaders in Wealth Management;
Collaborate with Regional Management on high-risk matters identified within the Region (e.g., sales practice issues, conduct matters, outside business activities, and recruits);
Engage with senior stakeholders in Field Management on various issues, including conduct-related matters, policy enhancements, and supervisory functions.
Lead key projects and initiatives within Field Compliance, focusing on identifying areas for policy and/or supervisory improvement and recommending proposed improvements.
Serve as the escalation point for Wealth Management Compliance teams on high-risk activities within the Region;
Assist the Region and Market teams as well as other areas of the Legal and Compliance Division in coordination and escalation of matters to appropriate stakeholders;
Assist with the development or enhancement of Firm policies and procedures, processes, reports, etc., to identify risks or potential supervisory gaps;
Conduct targeted employee training and Field training virtually or in-person on key Compliance issues;
Present to Regional and Market management on a regular basis related to key regulatory or policy updates.
Provide trends and analysis, including reports, on metrics for Regional Management and Market Management teams on a regular basis to assist in the aiding of potential action plans.