Morgan Stanley ETRADE Regulatory Attorney, Vice President

Morgan Stanley•Dallas, TX

About The Position

We're seeking someone to join our team as a regulatory lawyer to provide advice and counsel to the Company's Wealth Management business. The position offers an opportunity to join a leading global financial services firm with work that presents challenging and often unique transactional, operational, and regulatory issues. The Morgan Stanley ETRADE Regulatory Attorney will report to the Company's Executive Director, Legal, based in Chicago, IL. What you'll do in the role: Support the business in developing and launching new product offerings, advising on compliance with new and existing industry rules and regulations, responding to regulatory inquiries and client issues, and drafting and amending client-facing agreements, disclosures, and internal governance documentation. Provide advice regarding industry rules and regulations and legal and regulatory risks involving retail equities, options, and futures trading, order routing, margin requirements, market data displays, and other aspects of the Company's Wealth Management offering, including the Firm's ETRADE from Morgan Stanley self-directed digital offering, in particular.

Requirements

The ideal candidate will have 4 or more years at a major law firm, bank, market-maker, proprietary trading firm, state or Federal financial services agency, and/or self-regulatory organization with relevant experience and some subject matter expertise in equities, listed options and/or futures trading, SEC, FINRA, CFTC, and NFA rules.
Undergraduate degree from a 4-year institution
J.D. from an accredited law school, with superior academic credential
Member in good standing of a state bar
At least 4 years of legal experience in broker-dealer regulation in the financial services industry, private practice, and/or a relevant regulatory agency or self-regulatory organization.
Subject matter knowledge of aspects of the Securities Exchange Act of 1934, the Commodity Exchange Act of 1936, FINRA and NFA rules, and Federal Reserve Board Regulation T
Highly developed written and oral communication skills
Excellent drafting and negotiation skills, and exceptional attention to detail
Proven organizational and time management skills, including the ability to prioritize multiple assignments, work independently to solve problems, and meet deadlines
Strong interpersonal skills to foster teamwork, influence decision-making, and maintain effective working relationships with internal colleagues and external clients and regulators
Ability to identify issues and assist development of remedial enhancements, including with respect to form agreements, policies, procedures, and control processes
Ability to work independently and as part of a team
Resourcefulness and personal accountability
Comfort working collaboratively including with various internal business, technology, operations, compliance, and risk teams and across departments
Comfort working in a large organization both in-person and in virtual settings

Nice To Haves

Experience with self-directed online digital retail broker-dealers is a major plus

Responsibilities

Providing legal and regulatory support to business and other partners on a wide range of issues relating to retail equities, options, and futures trading
Interpreting and advising on SEC, FINRA, CFTC, NFA, and other applicable laws, rules, and regulations
Drafting, reviewing, and revising disclosures, disclaimers, governance documents, marketing, and educational content
Advising on development and rollout of new trading products and services
Assisting with regulatory inquiries, examinations, and investigations as well as client arbitration and litigation matters
Reviewing and updating client agreements, forms, and applications
Assessing impact of new and amended industry rules and regulatory developments and contributing to the implementation of and compliance with regulatory changes
Responding to client- and platform-related issues
Participating in internal working groups and governance forums to provide advice and documentary support

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