Control Group Manager - Compliance

Morgan Stanley; Glasgow; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading financial services firm in Glasgow is seeking a Control Group Manager for Compliance. The successful candidate will ensure adherence to compliance regulations, maintain the Watch and Restricted Lists, and provide guidance on policies. Ideal candidates possess a strong background in UK and US compliance, excellent communication skills, and the ability to work under pressure. This role offers opportunities for professional growth and a supportive work environment.

Benefits

Comprehensive employee benefits

Opportunities for growth

Qualifications

• University graduate or equivalent degree (in business, accounting or law ideally).
• Solid working knowledge of relevant product areas and regulatory areas of focus.
• Experience identifying, evaluating and implementing improvements.

Responsibilities

• Maintain Watch and Restricted List, ensuring compliance and documentation.
• Provide guidance on policies and legal requirements.
• Supervise sensitive research and provide training to business units.

Skills

Familiarity with UK and US compliance issues

Strong communication skills

Ability to work under pressure

Analytical and numerical skills

Teamwork and independent working

Education

University degree in business, accounting or law

Job description

Overview

Join to apply for the Control Group Manager - Compliance role at Morgan Stanley.

Responsibilities

• 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.
• Information Barriers/Conflict Management — ensure compliance with procedures designed to prevent conflicts of interest between Investment Banking and Sales & Trading, and Research activities conducted by the Firm; monitor status of the Firm's Investment Banking including Capital Markets projects and maintain Watch List and Restricted List.
• Advice and Interpretation — provide guidance on Morgan Stanley's policies and regulatory requirements, particularly relating to Restricted List, communications between Research and Investment Banking, Employee Trading; advise 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; update procedures and develop new policies; assist in enhancing processes and developing 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; liaise with business risk management teams and others in global compliance teams as required.
• Hours of Control Group Coverage — the team operates a shift system to provide coverage from 7am to 7pm (EMEA based). There is also a minimum level of critical weekend coverage to resolve urgent business-related issues.

Qualifications / Skills

• 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; 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 familiarity with main regulatory areas of focus for Control Group (Information Barriers, Insider Dealing & Market Abuse, US Research Settlement, LTOP, MAR, etc.).
• Professionally mature and articulate; good analytical and numerical skills; strong communication skills to present views to senior management and explain technical requirements.
• Ability to remain focused under pressure, set priorities for others, and perform multiple tasks simultaneously.
• Able to develop strong relations with business units; able to supervise other staff and provide feedback and develop team members.
• Experience identifying, evaluating and implementing improvements that increase CG performance or improve risk management; able to work as a team player and independently.

What You Can Expect From Morgan Stanley

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley. Our values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — guide the decisions we make every day to do what's best for our clients, communities and our employees. Morgan Stanley offers attractive and comprehensive employee benefits and opportunities for growth. There is also potential to move within the firm for those who show passion and grit in their work.

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

Other

Certified Persons Regulatory Requirements and Flexible work statement are described as part of the role where applicable.