Career Center
Los Angeles, California
Chicago, Illinois
Washington, D.C.
Philadelphia, Pennsylvania
Chicago, Illinois
Atlanta, Georgia
Miami, Florida
Raleigh, North Carolina
Posted: 13-Dec-22
Location: New York, New York
Type: Full Time
Categories:
Internal Number: 3227802
Research Compliance provides timely advice to the business unit and monitors business activities for adherence to both Firm and regulatory requirements. The team monitors new rules and regulations and industry standards and maintains written policies and procedures. We devise an annual compliance program and conduct and coordinate monitoring, testing, and training for the business unit.
The Compliance Coverage Professional will support Americas Research Compliance professionals and other first line control functions, including Business Unit Risk Management. The role will focus on providing compliance advice to the Equity and Fixed Income Research. This role will require some dedicated time physically located with the business unit.
Primary Responsibilities
- Advise Research Department pursuant to U.S. Research regulations including Global Research Settlement, and SEC, FINRA regulations and CFTC Research Conflicts of Interest Rules and other relevant regulations applicable to the Research function.
- Communicate with Research supervisors, analysts and infrastructure personnel to assess risk and remediate issues and coordinate with Research Legal coverage and Research Risk Management as appropriate.
- Coordinate with Legal and Compliance coverage across business lines with respect to Research matters.
- Coordinate with Research Legal and Compliance coverage across regions.
- Actively monitor regulatory developments and trends, and take appropriate action to ensure the business unit complies with new or amended regulations.
- Design and deliver applicable training for business unit personnel, including analysts, Supervisory Analysts, infrastructure personnel and supervisors.
- Draft and maintain Compliance policies and procedures.
- Perform the monitoring, testing and surveillance of Research-related regulations and assist in the development and completion of additions to the program based on new business, regulation or anticipated regulatory focus.
- Participate in Research New Product Approval process, review new product, establish guidelines surrounding the approval of each initiative.
- Assist in regulatory inquiries, internal audits and other examinations.
- Interact with Risk Management to ensure business processes remain compliant with Firm and Department policies and industry regulation.
- Develop, enhance and coordinate oversight metrics for supervisors.
- Participate in additional projects as appropriate.
- Bachelor's degree required, JD a plus but not require
- Five to seven years of compliance or equivalent experience, preferably supporting Research
- Experience interpreting and advising on U.S. Research regulations including Global Research Settlement, and SEC, FINRA regulations and CFTC Research Conflicts of Interest Rules and other relevant regulations applicable to the Research function
- An understanding of the relevant research regulations in other regions, in particular LATAM, EMEA and Hong Kong
- A good understanding of the role of Investment Research and the inherent conflicts associated with Research, Information Barriers, and concepts related to sensitive and material non-public information
- A strong understanding of equity and fixed income products
- FINRA licenses including the series 86 and 87 beneficial but not required
Expected base pay rates for the role will be between 110000 and 190000 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
