Control Group Manager - Compliance, Associate​/Director; AVP equivalent

Recruitment Sourcing Specialist Fixed Income and Equities EMEA

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, Global Capital Markets and Investment Management. The department provides general transactional guidance and advice to Business Units and other staff, implements compliance policies as required, and provides training. It also undertakes surveillance activities and utilises exception reports to monitor and, where appropriate, investigate firm, customer and employee trading activity.

The department is also called upon to render advice on legal requirements; the rules and regulations of statutory and SROs, exchanges, and other bodies; and firm policies and procedures.

• Ongoing Watch and Restricted List maintenance, including necessary interactions with private side deal team members or other relevant LCD or business unit contacts.
• Documentation and relevant notifications under the firm’s wall crossing policies and procedures.
• 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.
• 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.
• Provide advice and interpretation of Morgan Stanley’s policies and regulatory requirements, particularly relating to restricted list, communications between research and investment banking, employee trading, and working with internal and external lawyers, providing advice on takeover code, US, UK and other laws and regulations.
• Participate in regional and global system and IT development projects aimed at enhancing the control group’s surveillance program.
• Participate in audits and annual compliance review as required.
• Update existing procedures and develop new policies on an ongoing basis.
• Assist in the enhancement of existing processes and work to develop new controls for oversight of control group processes.
• Provide supervisory review for sensitive research and act as a control check on other work items.
• Participate in training to business units; and liaise with business risk management teams and others in global compliance teams as required.
• Hours of control group coverage: the control group operates a shift system ensuring coverage from EMEA based staff from 7am to 7.00pm and offers a minimum level of critical weekend coverage to resolve urgent business related issues.

• University graduate or equivalent degree (in business, accounting or law ideally).
• Familiarity with general UK and US compliance issues and relevant laws and regulations, e.g. US Securities Act and the UK Financial Services Act. Particular experience with insider dealing and information barrier issues, market abuse, financial promotion, code of market conduct and applicable laws and regulations.
• 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. information barriers, insider dealing & market abuse, US research settlement, LTOP, MAR etc.).
• Professionally mature and articulate.
• Good analytical and numerical skills.
• Good communication skills in order to present views to senior management and to explain technical requirements.
• Ability to remain focused under pressure, identify and set…