Job detaild
- Not Specified
- London < England < United Kingdom
- Permanent, Full time
- Morgan Stanley
- 13 Feb 14
Morgan Stanley have an exciting opportunity
for a Vice President, with regulatory or legal experience, to join a
newly created team in London focusing on remediating UK regulatory
matters. The position will focus on Regulatory Response Oversight.
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.
EMEA Program Governance:
The UK Governance Steering Committee was created in 2014 to oversee Morgan Stanley’s efforts to remediate UK regulatory matters. The Committee’s mandate is to ensure efforts to build a stronger UK infrastructure and regulatory remediation activities have adequate focus from EMEA Management and the MSI/MSIP Board of Directors.
Morgan Stanley’s EMEA CEO and Global President of Institutional Securities chairs the Committee, and its members include the heads and deputies of the main business lines and main infrastructure groups across the Firm, including Finance, Risk, Operations, Technology & Data, Legal and Compliance and Internal Audit.
EMEA Program Governance was created to execute the mandate of the UK Governance Steering Committee. It is part of EU Firm Management and reports to the EMEA Chief Operating Officer. There is a sister group based in New York, Financial Holding Company (FHC) Governance. FHC Governance was formed to execute the mandate of the FHC Governance Committee, which is chaired by the Firm’s COO and oversees Morgan Stanley’s efforts to build a stronger infrastructure and regulatory matters in the US. Both EMEA Program Governance and FHC Governance are managed centrally by a Managing Director.
The EMEA Program Governance Team has three core functions;
1.Regulatory Response Oversight
2. Program Portfolio Management
3. Special Projects and Communications
Regulatory Response Oversight:
The Regulatory Response Oversight function ensures the remediation of regulatory findings identified by UK prudential agencies, including the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA), are completed. It is responsible for weekly, monthly and quarterly reporting to the UK Governance Steering Committee and the Board of Directors concerning regulatory remediation. It seeks to:
- Ensure management and oversight of remediation of UK regulatory findings; deliver regular updates to UK prudential regulators and Firm senior management.
- Ensure we commit to work at the right level, meet deadlines or communicate changes to regulators in a controlled way, and are able to evidence that work as satisfactory.
- Facilitate and coordinate the information request and response review process with internal stakeholders across the Firm, inclusive of control and infrastructure areas as well as the front office.
Primary Responsibilities:
The Regulatory Response Oversight (RRO) function is hiring a Vice President in London. The Vice President will report to the Head of Regulatory Response Oversight.
Key functions of the role are to:
- Liaise with key departments of the organization to drive responses to regulatory reviews and recommendations.
- Partner with the EMEA Regulatory Affairs Team to establish a culture of responsiveness and trust with the PRA and FCA.
- Implement a new response process in the UK, working with stakeholders across the Firm.
- Act as a relationship manager to key departments.
- Manage the development of new processes, standards and tools for the RRO function.
- Manage work undertaken by RRO relationship managers who act as liaisons to owners of regulatory findings by providing advice and guidance concerning development and management of remediation activities.
- Interact with senior management across the Firm concerning regulatory remediation efforts as well as appropriate implementation of the RRO policy and procedures.
- Lead and perform qualitative and quantitative analysis on portfolio of regulatory findings and remediation activities.
- Ensure high-quality information for reports to the UK Governance Steering Committee and the Board of Directors.
- Oversee the production of ad-hoc reports as needed for customers of regulatory response data.
Skills Required:
- Strong, proven related experience required (some knowledge of audit, compliance or regulatory processes preferred).
- Background of PRA and FCA or other regulatory or legal experience preferred.
- Finance, Capital Markets, or Risk Management experience.
- Knowledge of new regulatory reform (e.g. EMIR, Basel III).
- Understanding of and familiarity with financial services industry – front /back /middle offices.
- Outstanding written and verbal communication skills.
- Ability to work effectively with all levels of the organization.
- Excellent interpersonal skills and ability to influence and negotiate.
- Strong quantitative and qualitative analytical skills.
- Keen attention to detail.
- Highly organized.
- Ability to work on multiple projects and quickly grasp key concepts.
- Ability to manage dynamic priorities.
- Fluency with MS Office tools, including PowerPoint, Project, Excel, Access.
- Degree educated or equivalent.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.*LI-EL1
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.
EMEA Program Governance:
The UK Governance Steering Committee was created in 2014 to oversee Morgan Stanley’s efforts to remediate UK regulatory matters. The Committee’s mandate is to ensure efforts to build a stronger UK infrastructure and regulatory remediation activities have adequate focus from EMEA Management and the MSI/MSIP Board of Directors.
Morgan Stanley’s EMEA CEO and Global President of Institutional Securities chairs the Committee, and its members include the heads and deputies of the main business lines and main infrastructure groups across the Firm, including Finance, Risk, Operations, Technology & Data, Legal and Compliance and Internal Audit.
EMEA Program Governance was created to execute the mandate of the UK Governance Steering Committee. It is part of EU Firm Management and reports to the EMEA Chief Operating Officer. There is a sister group based in New York, Financial Holding Company (FHC) Governance. FHC Governance was formed to execute the mandate of the FHC Governance Committee, which is chaired by the Firm’s COO and oversees Morgan Stanley’s efforts to build a stronger infrastructure and regulatory matters in the US. Both EMEA Program Governance and FHC Governance are managed centrally by a Managing Director.
The EMEA Program Governance Team has three core functions;
1.Regulatory Response Oversight
2. Program Portfolio Management
3. Special Projects and Communications
Regulatory Response Oversight:
The Regulatory Response Oversight function ensures the remediation of regulatory findings identified by UK prudential agencies, including the Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA), are completed. It is responsible for weekly, monthly and quarterly reporting to the UK Governance Steering Committee and the Board of Directors concerning regulatory remediation. It seeks to:
- Ensure management and oversight of remediation of UK regulatory findings; deliver regular updates to UK prudential regulators and Firm senior management.
- Ensure we commit to work at the right level, meet deadlines or communicate changes to regulators in a controlled way, and are able to evidence that work as satisfactory.
- Facilitate and coordinate the information request and response review process with internal stakeholders across the Firm, inclusive of control and infrastructure areas as well as the front office.
Primary Responsibilities:
The Regulatory Response Oversight (RRO) function is hiring a Vice President in London. The Vice President will report to the Head of Regulatory Response Oversight.
Key functions of the role are to:
- Liaise with key departments of the organization to drive responses to regulatory reviews and recommendations.
- Partner with the EMEA Regulatory Affairs Team to establish a culture of responsiveness and trust with the PRA and FCA.
- Implement a new response process in the UK, working with stakeholders across the Firm.
- Act as a relationship manager to key departments.
- Manage the development of new processes, standards and tools for the RRO function.
- Manage work undertaken by RRO relationship managers who act as liaisons to owners of regulatory findings by providing advice and guidance concerning development and management of remediation activities.
- Interact with senior management across the Firm concerning regulatory remediation efforts as well as appropriate implementation of the RRO policy and procedures.
- Lead and perform qualitative and quantitative analysis on portfolio of regulatory findings and remediation activities.
- Ensure high-quality information for reports to the UK Governance Steering Committee and the Board of Directors.
- Oversee the production of ad-hoc reports as needed for customers of regulatory response data.
Skills Required:
- Strong, proven related experience required (some knowledge of audit, compliance or regulatory processes preferred).
- Background of PRA and FCA or other regulatory or legal experience preferred.
- Finance, Capital Markets, or Risk Management experience.
- Knowledge of new regulatory reform (e.g. EMIR, Basel III).
- Understanding of and familiarity with financial services industry – front /back /middle offices.
- Outstanding written and verbal communication skills.
- Ability to work effectively with all levels of the organization.
- Excellent interpersonal skills and ability to influence and negotiate.
- Strong quantitative and qualitative analytical skills.
- Keen attention to detail.
- Highly organized.
- Ability to work on multiple projects and quickly grasp key concepts.
- Ability to manage dynamic priorities.
- Fluency with MS Office tools, including PowerPoint, Project, Excel, Access.
- Degree educated or equivalent.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.*LI-EL1
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