Associate, Regulatory Risk
Morgan Stanley ("MS") is a global financial services firm that conducts its business through three principal business segments — Institutional Securities, Wealth Management (WM), and Investment Management. Our Financial Advisors focus on delivering timely, customized solutions and services that help clients meet their financial and life goals. Our offering includes brokerage and investment advisory services, financial and wealth planning, access to credit and lending, cash management, annuities and insurance, and retirement services.
The Associate position is with US Banks Regulatory Risk and Vendor Management Team. The team has responsibility for the implementation of the Bank's Regulatory Risk and Compliance programs in the Business Unit as the First Line of Defense. The Associate will sit full-time in New York, NY, and be responsible for assisting various Regulatory Risk and Compliance programs for US Banks products and services.
Working in the team gives a great opportunity to gain understanding of US Banks regulatory environment. The individual will be exposed to different business groups, initiatives and work closely with Legal and Compliance personnel and other relevant stakeholders
Responsibilities:
Assist in the daily monitoring of exceptions identified in the Reg W, Reg O processes, analyze issues and ensure timely resolution
Retain documentation of the discussions/investigations
Assisting in the periodic Internal Audit and Compliance tests
Monitoring Reg W limits daily
Working on new business initiatives and responding to the information requests from Business Units, Financial Advisors and Private Bankers
Review the current processes, identify areas of improvement, assist in designing and implementing new processes
Compile data and prepare presentations for senior management review
Drafting, updating, and maintaining Reg W business/support area procedures
Qualifications:
3+ years of experience in the financial services industry.
Experience in compliance activities is a plus
Excellent Oral and Written communication skills
Ability to multi-task and work in a fast paced, ever-changing environment
Confident and concise presentation skills
Strong interpersonal skills and ability to communicate effectively both verbally and in writing across a matrixed organization
Expected base pay rates for the role will be between 70,000 USDand 100,000 USD 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).