Division: Legal and Compliance Job Title: Fixed Income Compliance Officer Location: London Job Level: Manager/Director
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.
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 and Equities), Investment Banking, Research, Investment Management and Private Wealth Management Business across the EMEA region.
The Compliance Department is a service-oriented department which provides guidance and advice to all business and support staff at the Firm, including sales, trading, research, investment banking, capital markets, financial, administration and infrastructure staff.
The Department provides general transactional guidance and advice to Business Units and other staff, implements compliance policies as required, and provides training. It also undertakes surveillance activities and utilises exception reports to monitor and, where appropriate, investigate Firm, customer and employee trading activity. The Department is also called upon to render advice on the rules and regulations of FCA, exchanges and other bodies; and Firm policies and procedures.
The individual will provide coverage support in providing primary compliance advice to the FX and Emerging Markets, Commodities and Structured Rates business unit within the Fixed Income and Commodities Division reporting to an Executive Director within the Fixed Income and Commodities Compliance advisory team. The role will include assisting with transactional queries, new products and rule and policy interpretation. The individual will also assist with developing and delivering compliance training, developing, reviewing and producing compliance policies and procedures and assisting in enhancing and developing the monitoring and desk review programme.
Principal Duties: (a) Advice and Interpretation Provide oral and written general compliance and transactional advice to the FX & Emerging Markets, Commodities and Structured Rates Business Units on compliance policies and procedures and relevant UK laws, rules and regulations. Provide support for the Compliance participation in the New Product Approval process for the relevant business areas, assisting with providing the compliance advice on transactions.
(b) Business Engagement Engage with individuals across the FX & Emerging Markets, Commodities and Structured Rates Business Units providing them with regulatory advice, appropriate management information and compliance support with respect to the regulatory aspects of the business they operate.
(c) Implementation of New Policies and Procedures Assist in the development and implementation of new policies and procedures or, as appropriate, the update of existing policies and procedures in response to, or in anticipation of, relevant rule changes and new legislation and industry guidance.
(d) Strategic Projects and Initiatives Participate in strategic projects and initiatives with other legal and compliance professionals relating to the FX & Emerging Markets, Commodities and Structured Rates Business Units including assisting with new product committees and regulatory reform.
(e) Regulatory and Client Enquiries Assist with enquiries from regulatory authorities and clients and liaise with legal and compliance professionals and other support areas of the Firm on these matters.
(f) Compliance Reviews Provide input to the execution of reviews of the FX & Emerging Markets, Commodities and Structured Rates Business Units to ensure compliance with relevant Market Abuse and Conduct of Business rules, including assisting with the development of review / test check design, implementation and execution of testing and completion and resolution of action items.
(g) Training Assist with the preparation and delivery of the on-going training programme for the FX & Emerging Markets, Commodities and Structured Rates Business Units on a broad array of Compliance and regulatory issues.
(h) Regulatory Audits Assist in the co-ordination of regulatory audits and visits and follow-up on findings as necessary.
(i) Industry Association / Consultation Documents / Comment Letters Assist with the participation in internal and external industry discussions and assist in the drafting of responses and initiatives from industry associations and regulatory bodies.
Primary Contacts The individual will be in close contact with all levels of business unity staff, as well as operational, IT and other support staff within the Firm.
Skills required (essential)
The ideal candidate will be degree educated or equivalent.
Experienced compliance professional with fixed income and regulatory expertise.
Ideally, the candidate will have experience in a variety of fixed income businesses
The role requires the ability to build relationships of trust with the business as well as other support and control functions.
The candidate will need to be mature and confident, with initiative, excellent judgment, strong analytical and communications skills and a team player.
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.
Interested in flexible working opportunities? Morgan Stanley empowers employees to have greater freedom of choice through flexible working arrangements. Speak to our recruitment team to find out more.
Internal Number: 5500714
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