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Executive Director, Regulatory Change and Investment Monitoring
Morgan Stanley
New York, NY, United States
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Description
Morgan Stanley Investment Management, together with its investment advisory affiliates, has more than 608 investment professionals around the world and $482 billion in assets under management or supervision as of December 31, 2017. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.
POSITION DESCRIPTION
• The candidate will work across businesses and functional siloes to successfully manage MSIM’s portfolio of global regulatory change. This includes:
◦ partnering with Legal and Compliance to ensure clear and timely translation of legal requirements
◦ engaging various parts of the MSIM business to confirm the areas of impact,
◦ identifying and gaining consensus with other business/functional leads the correct business engagement model to implement any required changes to our business
◦ providing strategic oversight of all ongoing regulatory initiatives to ensure they achieve timely compliance success
◦ Reporting to executive management the status of all high impact regulatory projects as reported by the various project teams, including any risks that require attention
• The candidates will also perform our investment monitoring function. This entails coordination with key stakeholders and subject matter experts across multiple business lines to facilitate and oversee monitoring of Morgan Stanley funds to ensure compliance with certain regulatory guidelines, including but not limited to:
◦ Volcker Per Fund investment limits
◦ Bank Holding Company holding period limits
◦ The investment monitoring role includes:
driving business and functional groups to facilitate and inform monthly and annual regulatory reporting
working with various business groups to review periodic data and identify and rectify gaps and discrepancies
working with business and functional stakeholders (Finance, Legal and Operations) to drive and prioritize system and process development
tracking and communicating program status to stakeholders
engaging Legal and Compliance to interpret regulatory requirements and define business requirements for required processes and controls
• Overall, the candidate will serve as a strong steward for regulatory compliance
QUALIFICATIONS
• Candidate should have a Bachelor’s degree and 10+ years of financial services experience, advanced degree or certifications a plus
• 8+ years of asset management and change management experience, preferably with an understanding of Public and Private Fund businesses (within a Banking Organization a plus)
• Strong track record of professional excellence and achievement
• Strong orientation towards risk management and control improvement
• Well-rounded with outstanding organizational, analytical, and problem-solving capabilities
• Enthusiastic with strong interpersonal, influencing and relationship-building skills
• Ability to summarize complex business problems and detailed analysis with clarity and brevity to develop strategic solutions
• Commitment to deliver the highest quality work product with close attention to detail
• Ability to prioritize and efficiently plan for various short- and long-term deliverables
• Ability to establish personal credibility with senior and peer stakeholders and understand how their needs and requirements can be incorporated into the delivery of solutions
• Ability to excel in an environment of ambiguity by quickly adapting behavior and work methods to meet multiple demands and shifting priorities