Vice President, Legal and Compliance

Company Profile:

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment, 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.

In Investment Management, we deliver active investment strategies across public and private markets and custom solutions to institutional and individual investors. 

What you’ll do in the role:

Morgan Stanley Investment Management Inc. is seeking a Vice President, Legal and Compliance in West Conshohocken, Pennsylvania to advise investment and operational professionals, monitoring and reporting in connection with compliance requirements arising from various regulatory and internal policy obligations. Assist in the review and negotiation of various agreements, including, but not limited to, subadvisory agreements, trading counterparty agreements, confidentiality agreements, side letters and vendor contracts for services supporting MS AIP and applicable fund complexes. Provide legal advice on Fund structuring, Fund formation and Fund governance, as well as other investment vehicles and structures used by the Fund. Coordinate with internal and external counsel on Fund structures, offering documents and key Fund agreements. Act as primary legal support for capital raising and investor relations function for dedicated business, including review of marketing materials, investor presentations and RFPs/DDQs in connection with fund raising. Advise on ongoing Fund operations, including working closely with Fund COOs. Advise on the development and execution of internal policies and procedures. Advise on changes in law, new regulatory initiatives and changing market practices for private funds. Telecommuting permitted up to 1 day per week.

What you’ll bring to the role:

• Requires a Master’s in Law;
• Five (5) years of experience in the position offered or five (5) years as a Managing Director, Director, Senior Legal Counsel, Legal Counsel, or a related occupation;
• Must be licensed to practice law by New York State Bar;
• Requires five (5) years of experience with the following skills:
  • International and cross-border matters;
  • Working, coordinating, and communicating with partners, clients, and stakeholders outside of the US;
  • Engaging, coordinating, and working directly with relevant regulators, outside counsels, auditors, and compliance professionals;
  • Analyzing and applying knowledge of concepts including complex hedge fund fee structures, US and international regulatory rules applicable to hedge funds, operational reporting specific to managed accounts, cash management of managed accounts, various hedge fund investment guidelines and quantitative restrictions, and taxes and indemnities specific to managed accounts;
  • Leading negotiation of investment management agreements with hedge fund managers;
  • Developing and implementing managed account legal structures for US and foreign investors including pension funds and asset allocators with hedge fund managers;
  • Coordinating the registration and exemption process of private hedge funds in Cayman, USA, Canada, and Europe;
  • Preparing and reviewing the offering documents including PPM, OM, and Prospectus under local regulatory requirements in US, Cayman, Canada, and Europe;
  • Advising on operation, accounting, and hedge fund distribution matters in relation to contractual and securities laws;
  • Ensuring operational matters relating to external hedge funds managers are implemented consistently and in accordance with internal objectives, directives, policies, and obligations;
  • Negotiating economic terms with relevant hedge fund stakeholders;
  • Providing recommendations to hedge fund investment teams on structuring of investment products by balancing economic objectives and operational restrictions with external legal and tax advice;
  • Assisting the investment teams, outside counsel, and legal and compliance departments with the documentation of external hedge fund vendor obligations;
  • Coordinating with outside counsel and independent directors on the execution of documents relating to various hedge fund services providers of investment funds; and
  • Implementing and monitoring the compliance of investment and operation personnel relating to applicable securities laws.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Expected base pay rates for the role will be between $275,000 and $275,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).