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.
Morgan Stanley Private Bank, National Association’s Bank Compliance Advice and Guidance team seeks a Consumer Compliance Generalist to help maintain and enhance the current Consumer Compliance program through advice and guidance. Having seasoned skills in the area of consumer protection regulation requirements and controls, emphasis will be placed on: (i) providing guidance and support to bank business and bank affiliate partners on the application of business practice associated with bank regulation requirements; and (ii) the development or revision of Bank Compliance policies, procedures, training and testing content.
Demonstrate a thorough knowledge of and experience in federal banking laws and regulations including but not limited to ECOA/Regulation B, Fair Housing Act, TILA/Regulation Z, Margin Stock Lending/Regulation U, Fair Credit Reporting Act/Regulation V, FDPA, and UDAAP;
Exhibit positive influence and leadership;
Offer advice and guidance on consumer protection regulations to Bank and Non-Bank Affiliate Partners in areas such as bank deposits and loans to high-net-worth broker-dealer clients, electronic banking and digital delivery methods, new product approval, collateral expansion, and on all other projects as assigned;
Act as a subject matter expert on Bank Compliance consumer protection alphabet regulation policies and procedures, training and testing content, working alongside product compliance advice and guidance peers;
Provide advice and guidance to, and work with, bank partners and affiliates to help develop, implement, and maintain sustainable processes designed to mitigate consumer compliance risk
Help perform compliance risk assessments and actively participate in Annual Compliance Plan process.
An established leader with 5-7 years in bank-related consumer compliance activities
Ability to explain complex topics and deliver prompt, clear sustainable solutions that colleagues and clients can act upon
Self-starter and decision maker
Extensive knowledge of federal consumer financial laws and regulations and industry standards
Excellent written communication skills particularly when drafting policies and/or training materials
Excellent oral communication skills, including the ability to present confidently to Senior Managers of the Firm