Director / Compliance – Regulatory Support and Legislative Change Management recruitment

Position Category: Legal/Compliance

Position Title: Director / Compliance - Regulatory Support and Legislative Change Management

Job Level: Director

Location: USA - NY - New York

Education Required: Bachelors Degree

Position Description:
Morgan Stanley is a global financial services leader with three core businesses - Institutional Securities, Asset Management, and Global Wealth Management. Global Wealth Management is offered by the Morgan Stanley Smith Barney (MSSB) franchise, which has one of the world's largest network of Financial Advisors and current total assets of 1.7 trillion as of April 21, 2011. Morgan Stanley has expanded its suite of world-class banking and lending products exclusively for MSSB Financial Advisors and their clients. In addition to our comprehensive financial services, which include brokerage, investment advisor, financial and wealth planning, annuities, insurance and retirement, Morgan Stanley has enhanced its lending, trust and cash management capabilities. By combining our lending financial services business with private banking products built specifically to service the needs of Financial Advisors and their clients, we can tailor banking and lending solutions to client needs.

The principal responsibilities of the Compliance Director are as follows: communicate, assist and support all aspects of the originations and servicing of the MSPBNA Mortgage Division business, including regulatory and legislative changes, compliance policies, procedures and internal (audit, quality control, etc.) and external (OCC, Fannie Mae and other third party) examinations.

Job Description/Position Responsibilities
• Regulatory and Legislative Change Management. This will include:
- Tracking changes to regulations and laws that affect mortgage originations and servicing ;
- Drafting summaries of legislative changes and publishing compliance bulletins;
- Assisting the business unit in the design and implementation of any legislative or regulatory changes; and,
- Developing any training, test plans or reporting as necessary to ensure an understanding of the new regulations or legislation.
• Compliance Policy and Procedures Oversight - Ensue compliance Policy and Procedures manual is current. Draft all compliance policies and procedures for the Mortgage Division.
• Examination Support - Manage support for all regulatory, internal audit, state (broker) and external audit examinations.
• Monitoring and Testing Support - Support Monitoring and Testing Manager with origination and servicing reviews
• Responsible for OFAC, CIP, SARS reporting and all other day-to-day Anti-Money Laundering monitoring
• Special Projects, BRIO reporting and data integrity reviews.

Skills Required:
• Strong working knowledge of mortgage lending, servicing, collections and compliance practices
• Management skills
• Organizational skills to manage multiple projects and able to work independently in a high volume fast paced environment
• Able to perform analysis and problem identification, determine solutions and best execution and able to work under specific deadlines
• Excellent oral, written and analytical skills
• Ability to utilize internal report writer for ad-hoc analysis and reporting
• Comfortable with Microsoft Office Suite

Experience:
• Bachelors degree and 5-7 years mortgage industry experience or equivalent business experience. Also, servicing/internal audit/compliance or similar business experience is a plus.
• Managed other compliance professionals in either a small or large Compliance or similar department