Company Profile 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.
Department Profile The EMEA Legal and Compliance Department is charged with day-to-day oversight and coordination of the Firm's compliance with core regulatory requirements covering all businesses including Institutional Sales and Trading (fixed income, commodities, equities), Investment Banking, Research Investment Management and Private Wealth Management Business across the EMEA region.
Background on the Team As a member of the EMEA Institutional Securities Group (ISG) and Morgan Stanley Investment Management (MSIM) Compliance Testing Team, the focus of this role will be helping to deliver the Department's Compliance testing work, targeting Compliance resources at higher risk areas to gain assurance about the strength of the Firm's internal governance, risk management and controls.
The Tester's key focus will be MSIM testing.
The MSIM testing programme covers the MSIM EMEA's (with Equity and Fixed Income trading and portfolio management desks, liquidity, sales and distribution). There is also an alternatives Division included as part of the remit (Alternative Investment Partners), which undertakes private equity, fund of hedge funds and portfolio solutions business. MSIM also has a number of branches established within the EMEA region, which are subject to periodic testing.
The wider Testing team covers testing of the Firm's Institutional Sales and Trading (fixed income, commodities, equities) business, Investment Banking, Global Capital Markets and Research businesses across the EMEA region.
Primary Responsibilities -Lead the design and delivery of a portfolio of MSIM Compliance Tests / Reviews to monitor compliance with Regulation and internal policy. Ensure the Firm takes a risk based approach and proportionate approach to scoping tests and complete testing efficiently to make the best use of available resources. Key tasks include: -Planning and executing end-to-end regulatory Compliance testing across a range of EMEA branches, desks, businesses, themes and specific topics of focus. -Scoping and undertaking testing of third-party and other outsourced service providers to MSIM funds and regulated entities. -Managing the administration of testing results and identified issues within the Firm's centralised tracking system from raising to resolution. -Engaging with the MSIM business and second line management at a senior level to discuss the output from testing work. -Contribute as required to broader ISG test items. -Contribute to global discussions on testing matters and sharing best practices.
Skills required (essential) -Knowledge of investment management is essential. , with strong knowledge and experience of asset management compliance, with particular exposure to UK, Luxembourg and Irish funds and their governing rules. -Broad understanding of the FCA Handbooks and Regulatory approach, particularly awareness of current regulatory issues impacting the asset management sector in the UK. -Prior experience of Compliance testing would be useful, including experience of conducting branch reviews. -Prior experience of conducting reviews of outsourced functions (i.e. those activities conducted by third-party providers on behalf of funds under management), would be beneficial. -Knowledge of CASS and experience of dealing with CASS-related issues as they impact investment management would be beneficial -Previous experience of wholesale conduct related matters. -Ability to build relationships of trust with members of the Compliance department and employees in the business unit and support & control functions. -Excellent presentation and interpersonal skills - ability to communicate clearly and concisely both in person and in writing. -Good analytical and numerical skills, for example reviewing trading data, looking for trends and exceptions in data. -Detail oriented and good memory skills; able to learn new concepts. -Ability to remain focused under pressure. -Ability to perform multiple tasks simultaneously. -Confidence to use own initiative and apply judgment in an in-house context.
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.