Vice President, Legal and Compliance

Morgan Stanley • West Conshohocken, PA

1d • $275,000 - $275,000 • Hybrid

About The Position

Morgan Stanley Investment Management Inc. is seeking a Vice President, Legal and Compliance in West Conshohocken, Pennsylvania to advise investment and operational professionals, monitoring and reporting in connection with compliance requirements arising from various regulatory and internal policy obligations. 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. Telecommuting permitted up to 1 day per week.

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
• Requires five (5) years of experience with the following skills:
• International and cross-border matters
• 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

Responsibilities

• Advise investment and operational professionals, monitoring and reporting in connection with compliance requirements arising from various regulatory and internal policy obligations.
• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees