EMEA Head of Portfolio Compliance - Executive Director
December 28, 2017
London, United Kingdom
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.
MSIM is a foremost worldwide asset management business, offering investment management services to global investors in equity, fixed-income, asset allocation and alternative investment products including private equity, venture capital and real estate opportunities on a worldwide basis. MSIM offers its products through fund vehicles (such as UK OEICs, Luxembourg SICAVs and US Mutual Funds) and as separately managed institutional accounts.
The MSIM Legal and Compliance Division in London is responsible for providing legal and regulatory support for all aspects of the European, Middle East and Africa (EMEA) Investment Management business.
Within MSIM, investment guideline monitoring, whether of fund guidelines or investment restrictions in segregated mandates, is part of the function of the Compliance division and is known as Portfolio Compliance.
We are now looking to appoint a permanent, senior position to manage the Portfolio Compliance group within the EMEA MSIM Compliance team.
Specific responsibilities include:
- Management and oversight of MSIM's EMEA Portfolio Compliance team. - Direct managerial accountability for three direct reports. - Oversight and review of investment guideline and trade restriction monitoring for MSIM'S businesses, working with the business to resolve any identified issues and escalating any material matters as appropriate. - Managing and overseeing Manual Guideline Monitoring Program. - Overseeing breach management and trade error processes. - Overseeing market abuse compliance monitoring. - Overseeing monthly/quarterly reporting requirements (such as fund manager certifications; bespoke monitoring reporting; delegated account reporting) - Providing Compliance representation in the client take-on process for new segregated accounts and funds, including liaising with internal stakeholders (portfolio managers, traders, legal and operations) regarding suitability and monitoring of investment guidelines and ensuring systems are correctly coded to capture all guideline and trading restrictions. - Co-ordination of reviews of investment guideline compliance for equity, fixed income, asset allocation and fund businesses, working with MSIM business and coding teams as appropriate. - Maintenance of coded guideline libraries and rules within Sentinel and Aladdin – UCITS/COVIP/IMMFA/Rating Agencies. - Liaising with and preparing documents for internal and external auditors, in particular and assisting in completion of MSIM's SSAE16 audit. - Representing Portfolio Compliance in client due-diligence meetings and client presentations to both existing and prospect institutional clients. - Proving support and guidance as part of the global management team for Portfolio Compliance
Skills required (essential)
- You will have substantial Compliance experience in asset management with particular exposure to Portfolio Compliance matters. - You will have a good operating understanding of the operation of retail fund regimes and relevant rule sets (specifically UCITS as it has been applied in each of the UK, Luxembourg and Ireland); - Your analytical and communication skills will be first rate; - You will be capable of managing a demanding workload; - You will be able to oversee, manage and guide more junior staff; - You will be able to liaise with colleagues in the Global Portfolio Compliance team with respect to monitoring tasks performed. - You will be comfortable operating in a dynamic environment involving liaison and operation with MSIM colleagues globally and within Morgan Stanley's Compliance division more broadly. - You will have strong analytical and creative problem solving skills with an ability to generate novel solutions to identified issues. - Knowledge and experience with guideline monitoring on Fidessa Sentinel and Aladdin is preferable
The salary of this role is competitive.
The closing date for applications is 19/01/2018
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.