Vice President Compliance Testing

We're seeking someone to join our team as a Vice President Compliance Testing who will be planning, preparing, and executing regulatory and compliance-based reviews for Institutional Equities Department (IED), Fixed Income Department (FID), Commodities, Futures, Prime Brokerage, Investment Banking, Research and Operations Divisions.

Professionals within the Non-Financial Risk (NFR) Department of the Legal and Compliance Division provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on a new product introduction; develop a training program or defuse an investor dispute. They preserve the Firm’s invaluable reputation for integrity and protect the Firm from sanctions and have established a strong Oversight program covering communications and trade surveillance and testing of policies, processes, and controls. They also strive to maintain cooperative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firm’s businesses.

The Americas ISG Compliance team within LCD’s NFR Department helps manage the 2nd Line of Defense (2LoD) ISG Non-Financial Risk Management program, including risks that transcend business lines, legal entities and jurisdictions of operation.

The ISG Americas Compliance Testing Team, as part of the NFR Department, is primarily responsible for assessing activities within the Institutional Securities Group (“ISG”), including Sales and Trading (Equities, Fixed Income and Commodities), Investment Banking, Global Capital Markets and Research, for adherence to applicable laws, rules, regulations and Firm policies and procedures and assessing the design and operating effectiveness of controls around relevant processes covering businesses in the US, Canada and Latin America. The activities conducted by the Testing Team are coordinated globally across ISG NFR Compliance Testing teams in EMEA and Asia.

Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

What you'll do in the role:

• Responsible for conducting and, depending on experience and level, managing compliance tests which includes conducting information gathering sessions with Business Unit personnel (including management, banking, sales and trading, and support staff), contributing to or determining review scope
• Leading / participating in walkthroughs, performing substantive on-site testing, summarizing results, preparing and reviewing workpapers, preparing written test reports and relevant findings for discussion and agreement with management, and tracking all findings raised during the review until resolution.
• Planning, preparing, and executing regulatory and compliance-based reviews for Institutional Equities Department (IED), Fixed Income Department (FID), Commodities, Futures, Prime Brokerage, Investment Banking, Research and Operations Divisions. These reviews include desk, branch, and targeted test, which are primarily focused on evaluating the design and operating effectiveness of controls and compliance with rules, regulations and Firm policies and procedures.
• The increased usage and incorporation of data analytics and artificial intelligence into the testing program means that a person with strong technical and analytical skills is desired.

What you'll bring to the role:

• 5+ years of compliance experience in the financial services industry, a regulator, a self-regulatory organization, compliance testing or internal audit, with the level of experience commensurate with the Director or Vice President title.
• Bachelor’s Degree in Business, Finance, Accounting, Law, Risk Management and/or a similar area of study.
• Excellent verbal and written communication.
• Strong understanding of institutional financial products, sales, trading, and systems.
• Knowledge of risk and control in the financial industry and how to design and execute relevant assurance tests, with demonstrated experience leading reviews expected for the Vice President level.
• Excellent time management skills, attention to detail and ability to execute tasks within tight deadlines.
• Ability to facilitate meetings among stakeholders with diverse points of view.
• Strong interpersonal skills and ability to work effectively with colleagues across regions and Business Units.
• Experience in the design and application of analytical, artificial intelligence and technology tools for Compliance testing.
• Series 7, other securities or futures licenses, or audit certifications (e.g., CIA, CA, CISA) a plus

The role has a minimum of four days in the office a week.

Please note that the location listed for this role is temporary. The position’s work location will transition to 1445 Ross Ave, Dallas, TX 75202 at a future date. In-Person interviews will be required for the role. 

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. 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. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. 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.

Texas: Expected base pay rates for the role will be between 110000 and 162500 per year at the commencement of employment.  However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background.  Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.