Associate, Coverage Advisory

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, 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.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk.

What you’ll do in the role:

Morgan Stanley Services Group, Inc. is seeking an Associate, Coverage Advisory in New York, New York to ensure the Firm's products comply with all relevant laws and regulations by preparing and submitting documentation, staying current with regulatory changes, and acting as a liaison with government agencies. Ensure the Firm is in compliance with Swap Dealer obligations, including transaction reporting and business conduct regulations. Provide guidance on updates to system architecture of the Firm’s transactional reporting systems. Advise in the development of Firm systems and enhancements to ensure regulatory requirements are met. Train Operations staff on regulatory issues related to their business unit’s coverage area. Assist the Firm’s Regulatory Inquiries Group and Examinations team with FINRA, SEC, NFA and CFTC exams and regulatory requests. Overlook monitoring activities and desk reviews to monitor for compliance with relevant regulations and internal policies. Assist with the semi-annual sub certification process mandated by the CFTC. Partner with the Operations team to guide enhancements to the Firm’s transaction reporting control framework.

What you’ll bring to the role:

-Requires a Bachelor’s degree in Business Management, Finance, or a related field of study

-Requires two (2) years of experience in the position offered or two (2) years as an Operations Specialist, Analyst, or a closely related occupation

-Requires two (2) years of experience with the following skills:

• Regulatory reporting including reporting to the Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC), and Canadian Securities Administrators (CSA);
• third-party regulatory frameworks including the International Swaps and Derivatives Association (ISDA), and Depository Trust & Clearing Corporation (DTCC);
• over-the- counter (OTC) derivatives;
• fixed-income products;
• the full trade lifecycle from pre-onboarding to settlement;
• Power BI;
• data analytics including trend analysis, diagnostic testing, and quality and completeness analysis;
• SQL;
• writing, maintaining and updating procedures;
• regulatory interpretation and implementation; and
• cross-functional collaboration.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste into your browser.

Expected base pay rates for the role will be between $120,000 and $120,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

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