Job Description - Head of Morgan Stanley Wealth Management
Head of Morgan Stanley Wealth Management Monitoring
Job Number: 3148802
Posting Date : Aug 25, 2020
Primary Location : Americas-United States of America-New
Job : Compliance
Employment Type : Full Time
Job Level : Executive Director
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.
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 candidate will join Morgan Stanley Wealth Management’s (WM)
Compliance Department as a member of the Monitoring and Data
Analytics Compliance team. In this role, the candidate will serve
as the Head of Monitoring, a group dedicated to the oversight of
Financial Advisor and Branch Supervisor activity. The candidate
will have direct supervisory oversight of 4 employees and will
oversee an overall team of 17 employees that utilize a variety of
exception reports and automated surveillance system alerts to
identify activity that may be indicative of unusual conduct,
trading patterns, or potential violations of law, regulations, or
Obtain a thorough understanding of the Global Monitoring
Policies and Procedures, WM Risk organizations’ supervisory
processes and the Compliance oversight controls to determine any
necessary enhancements to the WM Monitoring program.
Build trust and establish open lines of communication with WM
Risk management and other control stakeholders such as Legal,
Global Financial Crimes, Global Monitoring Governance and
Technology in order to facilitate agreement regarding the design
and implementation of controls.
Work with the Head of Data Analytics Compliance to develop
meaningful dashboards and metrics that can be used with internal
management or for regulatory meetings.
Collaborate with WM Testing/Branch Exams management to determine
patterns/trends and to ensure applicable findings are shared across
both groups, and various Compliance advisory teams to share any
surveillance trends or issues, as well as responding to internal
audit or regulatory requests.
Oversee the Monitoring Governance process, inclusive of the
Quality Assurance Program.
Conduct periodic metrics “deep-dives” to identify issues or
trends requiring further training, procedural updates, or
recalibration of key performance indicators (KPIs).
A strong understanding of SEC and FINRA regulations, with a
particular focus on sales practice and suitability concerns around
retail products in brokerage and advisory accounts.
· Working knowledge of Futures, Annuities, Structured
Investments, Alternative Investments, Exchange-Trades Products,
Fixed Income, Equities, Options, Unit Investment Trusts and Mutual
· A thorough understanding of conflicts of interest and business
practices typically associated with a broker-dealer
· Proven ability to take ideas forward and to challenge others
with integrity and maturity.
· A strong focus on the mechanics of a control environment
including escalation and remediation of issues.
Bachelor’sDegree required; JD or MBA a plus but not required
10+ years relevant work experience in the financialservices
industry in Compliance or related fields, or with a
securitiesexchange or regulator
Series7, 24 or 9/10 preferred, but not required.