Morgan Stanley

Director (AVP) - Compliance Professional (Legal and Compliance)

Posted On

Nov. 26, 2024

Location

Mumbai, Maharashtra

Experience Level

Freshers/Experienced

Job Type

Permanent

Apply By

Jan. 29, 2025

Job Description

Company Profile

Morgan Stanley (MS) 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 42 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

Professionals within Legal and Compliance Division (LCD), provide a wide range of services to our business units. They help in structuring complex and sensitive cross-border transactions; 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 co-operative relationships with governmental policy makers and the regulatory and self-regulatory agencies that govern the Firm’s businesses.

Background of the role

We are looking at hiring an experienced and high caliber individual to join the India Compliance team. This team provides compliance coverage to all of the Firm’s businesses based in India. The candidate will be based in Mumbai.

The candidate will be supporting the India business across multiple Business Units (BUs) such as:

Investment Management (IM) – MSIM has a SEBI licensed Alternative Investment Fund (AIF) with an Investment Management entity in India. MSIM is exploring a business opportunity to set up a new fund in Mumbai and in GIFT City. The candidate shall provide compliance support to the IM division which includes advising and implementing SEBI regulations / guidelines for Alternative Investment Fund (AIF), IFSCA guidelines for Fund Management Entity (FME) and the fund(s) set up in GIFT City and SEBI’s guidelines for Foreign Portfolio Investors (FPI).

Fixed Income Division (FID) – MS FID has a RBI licensed Standalone Primary Dealer (SPD) in India which is classified as Middle-Layer NBFC (NBFC-ML). The main activities of the PD are dealing in government securities (in the primary and secondary market), corporate bonds, currency derivatives, interest rate derivatives and foreign exchange products under the Authorized Dealer (AD) license. The candidate shall provide compliance support to the FID which includes advising and implementing the regulations / guidelines issued by RBI, CCIL, FEDAI, FIMMDA, etc. as applicable to SPDs / NBFC-ML and Authorised Dealers.

The candidate shall also provide compliance support to other BUs in India such as Investment Banking Division / Global Capital Markets (IBD/GCM), Institutional Equities Division (IED) and Research, which are carried out under the Merchant Banking, Stock Broking and Research Analyst license granted by SEBI.

Duties shall include:

Advising and supporting the BUs on a wide range of internal and regulatory related compliance matters including new product initiatives
Identifying and advising the BUs on new or changes to existing laws, regulations and anticipated areas of regulatory focus
Providing solutions for complex regulatory issues
Submitting relevant license applications and other reports to regulators, as required
Liaising with regulators, assisting in regulatory inspections/ audits and responding to regulatory inquiries
Drafting relevant policies / procedures and reviewing / updating them on a periodic basis
Designing relevant training materials and conducting training sessions.
Liaising with regional and global LCD colleagues based in Hong Kong, Singapore, London and New York
Engaging with other stakeholders (such as BU, Business Control Unit, Firm Management, Finance, Operations, Technology, Risk functions, Internal Audit, etc.) on regular basis

Skills required (essential)

5 to 10 years of Compliance experience in Capital market and/or Fixed Income market, preferably in Investment Management and/or Banking domain in a global financial services institution
Professional qualification like Company Secretary or Chartered Accountant or having a Law Degree or a Management / Master’s Degree
Strong personality, experienced in dealing with senior business unit colleagues.
Solid understanding of the nuances of the local capital markets and fixed income markets.
Should have prior experience of dealing with SEBI and/or RBI
Experience of working in collaboration with offshore compliance counterparts.
Detail oriented, motivated and able to multi-task in a fast-paced environment.
Exceptional written and oral communication skills required.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize 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.

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