VP, Team Manager Regulatory Onboarding

Morgan Stanley•Baltimore, MD

2d•$93,000 - $139,500•Onsite

About The Position

The Regulatory Onboarding Market Regulations team supports all Prime Brokerage, Equity Swap, and US Clearing clients (new and organic). This role is responsible for regulatory checks from front to back as well as project work related to the regulatory environment. This is a Vice President, Team Manager position at the P4 job level within Risk, Regulatory & Resilience, which performs various independent functions to ensure adequate controls are in place. We do this by providing an integrated risk and control framework to govern, assess, mitigate and manage financial and operational risk in Operations. Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals. At Morgan Stanley Baltimore, we support the Firm’s global Technology, Operations, Risk Management, Legal and Compliance, Internal Audit and Finance divisions. Morgan Stanley has been rooted in the Baltimore community since 2003. Our talented and diverse team is one of the largest in the U.S. outside of our New York headquarters and home to industry leading cybersecurity innovation with multiple patents and awards. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. There’s ample opportunity to move across the businesses for those who show passion and grit in their work. The Market Regulations team is responsible for updating client data, conducts regulatory checks for accounts and works with multiple downstream teams to ensure all regulatory requirements are satisfied. The role liaises with many teams including risk, documentation, compliance, margin, and interest. This role is the business unit's single point of contact and will be coordinating with many different teams across the firm.

Requirements

Strong subject knowledge on the current regulatory environment
Knowledge and understanding of the various financial products offered across business
Attention to detail and research/investigative skills
Work independently and meet the business deadlines with accuracy
Problem solving skills to mitigate risks associated with the business
Ability to implement strategic initiatives and provide insight on specific business drivers
Effectively interact with the Business units, Compliance and other key stakeholders
Actively engage with global colleagues in Hong Kong, Baltimore, London, Tokyo and New York
Multi-tasking to handle various business requests and prioritize time accordingly
Manage pressure and stressful business demands
Exceptional organizational skills
Adaptability to the changing environment
Strong interpersonal and communication skills
Client focused
5+ years' experience in financial services or other related operational roles
Experience in regulatory compliance or equivalent background is advantageous

Responsibilities

Serve as a senior escalation point for clients and internal stakeholders in the Business Unit and within operations to coordinate issue resolution throughout the front to back onboarding process.
Listen to your stakeholders and/or clients to understand their needs, to gain their trust, and meet their expectations while continuing to manage operational and regulatory risk at an appropriate level. Identify opportunities to achieve operational efficiencies.
Own interpretation and execution of Dodd-Frank, UMR, EMIR, SEC, FINRA, QFC and similar programs.
Work closely with legal, compliance, risk, and sales/BU to implement regulatory programs and processes that do not impact the client experience. Serve as the primary source of information around regulatory programs and take every opportunity to build a good rapport with internal stakeholders.
Manage audit or policy change related to regulatory processes and deliver high quality results. Establish effective controls, checks and procedures to manage day to day activities.
Know and understand entity structures, regulatory requirements, jurisdictions, and our onboarding process flow. Collaborate with Business Units and IT to identify, drive, and implement process improvements and technology solutions.
Proactively participate in regulatory discussions in relation to the On-Boarding of clients. Know and understand the purpose of key regulators (FINRA, SEC, NFA, CFTC, etc.) and serve as a key resource for the regulatory programs managed by the Market Regulations team.
Participate in key meetings with identified senior stakeholders and external clients to provide support and guidance around key regulatory programs.
Lead projects that will further advance the strategic vision of providing value added services to our stakeholders and clients. Identify process gaps and work with global counterparts and contribute to global initiatives or discussions relating to regulatory changes.
Establish relationships with members of the team, develop and execute continuous training plans to raise the level of overall team performance.
Support and supervise the activities of the team pertaining to the regulatory programs owned. Prepare status updates, metrics, and identify key risk indicators to present to senior management across all designated forums. Display the ability to handle volume spikes and prioritize work including ad-hoc requests and projects to meet business demands in a timely manner.