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Compliance Control Group - Manager

Posted on Dec 12, 2018 by Morgan Stanley

London, London United Kingdom
4 Dec 2018
Annual Salary

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 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, Finance, Administration and Operational staff.

Team Profile
The Control Group is responsible for monitoring the Firm's Information Barriers, policies and procedures implemented to maintain said Information Barriers and pre-clearance of certain business activities that may present potential conflicts of interest. Day-to-day responsibilities of the members of the Control Group Research and Investment Banking Coverage include, but are not limited to:

• Ongoing Watch and Restricted List maintenance, including necessary interactions with private side deal team members or other relevant LCD or business unit contacts.
• Review of Fixed Income and Equity Research against the Firm's Watch and Restricted List for compliance with relevant securities laws and with internal policies, such as the Firm's M&A Research Policy.
• Chaperoning and gatekeeping of permissible communications between Research and the Private Side under the Global Research Settlement and relevant internal policies and procedures.
• Employee trade pre-clearances for business units or individuals subject to trade pre-clearance with the Control Group due to their private side, Above-the-Wall or Over-the-Wall status.

Primary Responsibilities
Information Barriers/Conflict Management
Ensure compliance with procedures designed to prevent conflicts of interest between Investment Banking and Sales & Trading, and Research activities conducted by the Firm. Closely monitor status of the Firm's Investment Banking (including Capital Markets) projects and maintain Watch List and Restricted List (and related matters);

Hours of Control Group Coverage
Given the range of business units that the Control Group supports and the operational criticality of its services, the Control Group operates a shift system ensuring there is coverage from EMEA based staff from 7am to 7.00pm. These hours are managed through a shift structure which all team members participate in, and as with any business, coverage is also determined by team resource and workflow levels. In addition, the Control Group also offers a minimum level of critical weekend coverage to resolve urgent business related issues.


Skills required
• The candidate will already be operating at an Associate/Manager level and would be expected to have recent Control Group experience;
• Solid working knowledge of relevant product areas (e.g. Research, Investment Banking and Capital Markets, Sales & Trading ) plus a good working knowledge of the main regulatory areas of focus for Control Group (e.g. Chinese Walls, Insider Dealing & Market Abuse, US Research Settlement, LTOP, MAD etc.)
• Professionally mature and articulate
• Potentially ex-legal background
• Good analytical skills
• Good communication skills in order to present views to senior management and to explain technical requirements (i.e may have overseen or edited legal documents)
• Ability to remain focused under pressure, identify and set priorities for others, perform multiple tasks simultaneously
• Able to develop strong relations with business units
• Experience of identifying, evaluating and implementing improvements that either increase the performance of the CG or improve risk management
• Able to work both as a team player as well as independently

The closing date for applications is 02.01.2019

The salary for this role is competitive

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.

Reference: 599207541