Vice President, Legal and Compliance

Morgan Stanley•West Conshohocken, PA

1d•$275,000 - $275,000•Hybrid

About The Position

Assist in the review and negotiation of various agreements, including, but not limited to, subadvisory agreements, trading counterparty agreements, confidentiality agreements, side letters and vendor contracts for services supporting MS AIP and applicable fund complexes. Provide legal advice on Fund structuring, Fund formation and Fund governance, as well as other investment vehicles and structures used by the Fund. Coordinate with internal and external counsel on Fund structures, offering documents and key Fund agreements. Act as primary legal support for capital raising and investor relations function for dedicated business, including review of marketing materials, investor presentations and RFPs/DDQs in connection with fund raising. Advise on ongoing Fund operations, including working closely with Fund COOs. Advise on the development and execution of internal policies and procedures. Advise on changes in law, new regulatory initiatives and changing market practices for private funds. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $275,000 and $275,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

Requires a Master's in Law
Five (5) years of experience in the position offered or five (5) years as a Managing Director, Director, Senior Legal Counsel, Legal Counsel, or a related occupation
Must be licensed to practice law by New York State Bar
International and cross-border matters

Responsibilities

Assist in the review and negotiation of various agreements, including, but not limited to, subadvisory agreements, trading counterparty agreements, confidentiality agreements, side letters and vendor contracts for services supporting MS AIP and applicable fund complexes.
Provide legal advice on Fund structuring, Fund formation and Fund governance, as well as other investment vehicles and structures used by the Fund.
Coordinate with internal and external counsel on Fund structures, offering documents and key Fund agreements.
Act as primary legal support for capital raising and investor relations function for dedicated business, including review of marketing materials, investor presentations and RFPs/DDQs in connection with fund raising.
Advise on ongoing Fund operations, including working closely with Fund COOs.
Advise on the development and execution of internal policies and procedures.
Advise on changes in law, new regulatory initiatives and changing market practices for private funds.
Working, coordinating, and communicating with partners, clients, and stakeholders outside of the US
Engaging, coordinating, and working directly with relevant regulators, outside counsels, auditors, and compliance professionals
Analyzing and applying knowledge of concepts including complex hedge fund fee structures, US and international regulatory rules applicable to hedge funds, operational reporting specific to managed accounts, cash management of managed accounts, various hedge fund investment guidelines and quantitative restrictions, and taxes and indemnities specific to managed accounts
Leading negotiation of investment management agreements with hedge fund managers
Developing and implementing managed account legal structures for US and foreign investors including pension funds and asset allocators with hedge fund managers
Coordinating the registration and exemption process of private hedge funds in Cayman, USA, Canada, and Europe
Preparing and reviewing the offering documents including PPM, OM, and Prospectus under local regulatory requirements in US, Cayman, Canada, and Europe
Advising on operation, accounting, and hedge fund distribution matters in relation to contractual and securities laws
Ensuring operational matters relating to external hedge funds managers are implemented consistently and in accordance with internal objectives, directives, policies, and obligations
Negotiating economic terms with relevant hedge fund stakeholders
Providing recommendations to hedge fund investment teams on structuring of investment products by balancing economic objectives and operational restrictions with external legal and tax advice
Assisting the investment teams, outside counsel, and legal and compliance departments with the documentation of external hedge fund vendor obligations
Coordinating with outside counsel and independent directors on the execution of documents relating to various hedge fund services providers of investment funds
Implementing and monitoring the compliance of investment and operation personnel relating to applicable securities laws