Calvert Research and Management Advisory Compliance, Vice President (Hybrid)
Morgan Stanley
Location: The role will be based in Washington, DC or New York City and report to the Calvert Chief Compliance Officer.
Morgan Stanley 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 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.
Legal and Compliance Division Overview
Professionals within the Legal and Compliance Division provide a wide range of services to our business units. They might help to structure a complex and sensitive cross-border transaction; advise on regulatory issues; 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 are designed to 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.
MSIM CRM Overview and Background on the Position
Morgan Stanley Investment Management (MSIM) is a leading asset manager across public and private markets, focused on high conviction active management. MSIM, together with its investment advisory affiliates, has more than 1000 investment professionals around the world and $1.3 trillion in assets under management or supervision as of December 31, 2022.
Calvert Research and Management, part of MSIM, is a leader in responsible investing and offers a full range of responsible investing solutions for individuals, advisors and institutions seeking competitive returns and positive impact. The Calvert Compliance team supports all aspects of the investment management business, including providing advisory support to portfolio and index construction managers, traders, and research and engagement analysts with respect to adherence with client, internal and regulatory guidelines and restrictions. We are now seeking an experienced senior compliance officer who will work closely with the CCO and other senior compliance professionals to execute and enhance the compliance program, and aid the business to comply with applicable guidance, laws, regulations, and Firm policies and procedures. Among other internal stakeholders, this individual will work closely with portfolio and index construction managers, traders, operations teams, analysts and colleagues in the Legal and Compliance Division across all lines of business and regions globally.
Key Responsibilities
Assist the CCO in maintaining a 206(4)-7 compliance program appropriate to Calvert and reflective of industry best practices and regulatory requirements/expectations
Provide compliance advisory coverage to business personnel and support functions in a fast-paced and dynamic environment
Support the CCO by leading major projects and drive enhancements for the compliance group
Assess the impact of regulatory developments, support regulatory change management efforts, and providing regulatory updates to the business
Maintain a thorough and up-to-date understanding of applicable adviser regulations and rule proposals impacting relevant business activities
Draft and update policies and procedures
Draft/ review regulatory filings, including Form ADV
Prepare and deliver compliance training
Conduct monitoring activities as part of second line oversight of the business’ compliance with guidance, regulation, policies and procedures, and investment guidelines
Review and evaluate new product proposals
Complete client requests, i.e., certification, questionnaires and other information requests
Present in due diligence meetings with clients and/or prospective clients
Review investment management agreements to identify and interpret investment guidelines
Perform advisory support in connection with compliance monitoring and testing activities as part of second line oversight of the Firm’s compliance with applicable regulation, and policies and procedures.
Supporting compliance program matters and projects
Qualifications
Strong academic background (J.D. degree, MBA, or other advanced degree strongly preferred)
At least 10 years’ prior compliance, legal or other work experience with a financial institution, such as a registered investment adviser or investment company and/or at a law firm or regulator
Excellent knowledge of financial products and services; prior ESG/sustainability experience a major plus.
Sound knowledge of applicable securities laws, including Investment Advisers Act and Investment Company Act
Good business judgment
Intellectually curious, not afraid to challenge status quo, suggest and execute new ideas or alternative approaches
Exceptional analytical and problem-solving skills
Strong communication skills, both written and verbal
Demonstrated leadership skills; ability to work effectively in a team-oriented environment, as well as independently; strong relationship building skills
Well-developed organizational skills to manage time sensitive issues, prioritize effectively, and deliver results
Detail and execution oriented, with ability to maintain a high standard of accuracy while managing various tasks simultaneously
Self-starter with ability to work well independently and in a team environment, work well under pressure and deadlines, while managing multiple projects
Strong service orientation and ability to communicate with and establish and maintain effective working relationships with peers, senior management, a wide array of associates, clients, Board members, external legal counsel, and other service providers
Computer literacy - working knowledge of Windows-based applications such as Word, Excel and PowerPoint
Occasional travel to affiliate offices