Wealth Management Institutional RIA Compliance Officer

: Wealth Management Institutional RIA Compliance Officer

Job Number:

3248036

POSTING DATE: Mar 12, 2024 PRIMARY LOCATION: Americas-United States of America-New York-Purchase OTHER LOCATIONS: Americas-United States of America-Maryland-Baltimore EDUCATION LEVEL: Bachelor's Degree JOB: Compliance EMPLOYMENT TYPE: Full Time JOB LEVEL: Vice President

DESCRIPTION

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Professionals within Legal and Compliance 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 with policies and procedures that meet regulatory requirements around the world. 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 successful candidate will be responsible for compliance coverage and oversight of registered investment advisors (RIAs) that primarily provide advisory and consulting services to institutional retirement plan clients. Although separate legal entities, these RIAs are part of the Wealth Management Institutional Consulting/Graystone business. This candidate will also lead the investment advisory compliance due diligence process if and when the business acquires future RIAs. This position also provides opportunities to serve as back-up compliance coverage to Wealth Management's Institutional Consulting/Graystone business, affiliated registered investment companies and the Global Investment Office of Wealth Management, as well as to compliance coverage for regulatory standard of care issues (e.g., SEC Regulation Best Interest, US Department of Labor fiduciary standard).

QUALIFICATIONS

• Develop comprehensive understanding of the institutional advisory and consulting services offered by these RIAs.
• Maintain and update the Compliance policies and procedures.
• Support the Chief Compliance Officer with the annual review of the RIA compliance program.
• Provide guidance and oversight of marketing, communications, and performance reports.
• Conduct monitoring checks and partner with the Compliance Testing function to validate the policies and procedures are being followed and are effective.
• Maintain and administer the RIA Code of Ethics.
• Work with RIA Management, the Institutional Infrastructure Solutions branch and functional partners to ensure supervisory controls are in place and working as designed.
• Participate in the annual Compliance Risk Assessment and other compliance initiatives associated with these RIAs and the Institutional/Graystone business.
• Work with relevant stakeholders on implementation of new regulatory standard of care requirements, including analyzing rulemaking, providing compliance guidance, developing policies and procedures and training, drafting disclosures, assisting in developing supervisory controls.
• Experience with the Investment Advisers Act,
• Experience with Institutional Consulting, ERISA 3(38) vs. ERISA 3(21) is a plus.
• Experience with SEC Regulation Best Interest and US Department of Labor investment advice fiduciary standard a plus.
• Possess the ability to identify potential regulatory, conduct and reputational risks, and present practical solutions to address and/or mitigate such risks.
• Dependable, flexible, and adaptable to new initiatives and the ever-changing regulatory environment.
• Leverage strong interpersonal, verbal and written communication skills to interact with business management and functional partners.
• Self motivated to deliver the highest standards of compliance coverage and support.
• Solid organizational skills with an attention to detail.
• Ability to work effectively with different groups across the business and Compliance.
• Ability to quickly gain knowledge of investment advisory programs and services.
• Proficiency in Excel, PowerPoint and SharePoint.
• 5-10 years of registered investment advisor compliance experience, preferably in the institutional retirement space.
• Role will require in office attendance 3x days/week.

For New York, expected base pay rates for the role will be between $110,000 and $190,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).