Wealth Management Compliance Private Banking Group Compliance Officer

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Wealth Management provides comprehensive financial advice and services to its clients including brokerage, investment advisory, wealth planning, credit and lending, deposits and cash management, annuities, insurance, and retirement services. The WM segment includes Morgan Stanley Smith Barney LLC (the "Broker-Dealer") and Morgan Stanley Private Bank, National Association (the "Bank"). The Broker-Dealer has approximately 15,000 Financial Advisors with total client assets of over $1 trillion. The Bank provides deposit and lending products and services to serve the needs of these clients.
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 Broker-Dealer is seeking a senior Compliance Officer to lead a team that provides advice on the regulations that govern the marketing, distribution and supervision of banking, cash management and lending products to its clients. The role will focus on securities-based loans (purpose and non-purpose) and cash management services (including debit cards, person-to-person payments and mobile deposit capabilities), as well as digital strategies to enhance these offerings.
The successful candidate will work closely with the business on new product proposals, enhancing current offerings, marketing strategies, compensation structures and responding to regulatory inquiries. The function will also include ensuring appropriate policies, procedures, training, monitoring and testing are in place in collaboration with the broader Compliance Department. Strong management and writing skills are necessary. A team of four Compliance professionals will support this position.
The successful candidate must possess a thorough knowledge of FINRA regulations as they relate to account opening, money movement, client suitability and supervision. In addition, general knowledge of applicable Fed regulations such as Regs B, T, U, W, Y and Z is required. An understanding of heightened standards and risk governance frameworks is a plus.
Proven ability to effectively manage people and projects
Knowledge of laws and regulations that impact private banking products and services offered through a broker-dealer
Excellent written and verbal communication skills
Ability to execute in a fast paced, high demand environment while balancing multiple priorities
Ability to build effective business partnerships
Motivated and a self-starter
JD or MBA recommended
Series 7 or 24 recommended, but not required
7-10 years relevant work experience in the financial services industry in Compliance, Legal or related fields, or with a securities exchange or bank regulator

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