Regulatory Reform Strategy and Swap Dealer Compliance Officer

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 14 Nov 18

Regulatory Reform Strategy and Swap Dealer Compliance Officer

Firm Overview:
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 ethics. 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 Overview:
The Global Compliance Department manages a Firmwide Compliance Risk Management program, including compliance risks that transcend business lines, legal entities and jurisdictions of operation.

Group Overview:
Regulatory Compliance Officer - Regulatory Reform Strategy Group
A Global Bank seeks a Regulatory Compliance Officer to join the Regulatory Reform Strategy Group in the Americas Institutional Compliance Department. The Regulatory Reform Strategy Group is responsible for coordinating and overseeing the Global Compliance Department's U.S. regulatory reform efforts, including implementing new and amended rules governing the Firm's global Swap Dealers..
On a day-to-day basis, the position supports the Head of Regulatory Reform Strategy and works closely with various businesses and control functions to ensure that the bank appropriately addresses regulatory risks relative to its business activities. The principal responsibilities of this position are as follows.
Job Description:
· Developing and maintaining a robust global compliance program for the Bank's Swap Dealers, including management of the Office of Swap Dealer Oversight, which assists the bank's Chief Compliance Officers globally in satisfying their duties and responsibilities under various rules
· Assisting with annual gap analyses to identify and update all impacted policies globally based on new swap reform regulations
· Recommending and implementing changes to the compliance program and the Swap Dealer Manual and related policies/procedures as needed on an ongoing basis
· Developing and maintaining reports for review by senior management analyzing compliance issues, conflicts of interest or other matters, including following up on the status of issues disclosed in the Annual Reports
· Managing the process to gather and track any potential instances of material non-compliance with applicable rules and material conflicts of interest
· Working with business management and compliance surveillance, testing, and audit staff on Swap Dealer controls and surveillance
· Working with compliance training staff on the development and coordination of training for employees on requirements impacting the Swap Dealers
· Assisting with preparing the Annual Report for each Swap Dealer and any other periodic reports or notifications
· Conducting special projects as directed by the head of Regulatory Reform Strategy


Skills Required:
· Relevant background with a minimum of five years of compliance, regulatory or industry experience
· Excellent interpersonal, organizational and communications skills
· Strong excel and powerpoint skills
· Excellent ability to analyze regulations and strong desire to learn new subject matter
· The ability to work effectively within an organization and communicate with junior and senior business personnel
· The ability to learn complex trading technologies in order to analyze and extract trading data to respond to regulatory inquiries and exams
· Experience working with industry trade associations and / or relevant regulators (CFTC, NFA, SEC, FRB) a plus