Director

Division: Legal & Compliance (LCD)
Department: COE Legal
Region: Global
Job Level: Director
Location: Mumbai (COMMERZ III, OBEROI GARDEN CITY)

Firm
Morgan Stanley is a leading global financial services firm providing a wide range of Investment Banking, Sales & Trading, 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.

Division
LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations groups.

The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm's financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley's regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence, Mumbai (LCDCoE) is a part of Morgan Stanley's Global In-house Center. LCDCoE provides support to global LCD and is an integral part of Firm and LCD strategy.

Team and role
This role is a part of Client Documentation Team (CDT) within Morgan Stanley's Legal and Compliance Division and is positioned at LCDCoE. CDT supports client documentation, legal activities and projects performed by lawyers in various core locations.

Primary responsibilities
Global NDA Desk
This role involves supporting following activities:
CDT to review, draft and negotiate client facing Non-Disclosure Agreements (NDAs) including Master NDAs, Back-to-Back NDAs/Joinders and Non-Reliance Letters, specific to banking transactions
Discussing with relevant Coverage Lawyers and Business Units regarding NDAs and Non-Reliance Letters, including on matters requiring escalation
CDT to assist in the organization and maintenance of form/template contracts and records of work performed.
Fixed Income Division Legal Coverage
This role involves supporting following activities:
Basel Netting & Collateral Enforceability Program /Annual Material Jurisdiction Legal Advice Updates: CDT to assist the coverage lawyers with their annual review and update of favorable netting and collateral enforceability legal advice that has been obtained globally in support of derivatives, foreign exchange, commodities, repo, stock loan and other traded products. CDT to liaise with these coverage lawyers and an external consultant/outside counsel to manage the annual update of this legal advice Guarantee Reviews: CDT to assist the coverage lawyers in the review and negotiation of 3rd party guarantees of trading counterparties in order to meet certain Basel eligibility requirements that enable the Firm's Credit Department to take favorable capital with respect to these guarantees. In this regard, CDT will ensure the guarantees are Basel compliant and in line with the Firm's global procedures and liaise with the applicable coverage lawyer to escalate any issues
Local Currency Reviews: The foreign exchange (FX) trading desk executes a wide range of FX transactions involving different currencies with clients and other dealers. Legal coverage team is required to undertake a review of each currency and type of transaction for which the FX desk makes markets, update this review periodically (as specified in applicable procedures), and validate the booking model for each currency with the FX COO team and Operations. These booking models are then the parameters within which the FX desk may execute transactions. CDT will support performing this periodic review, liaise with external counsel for new legal advice for new currencies and/or trade types and assist Legal coverage team in the review and validation of the booking models, annual update of the procedures and desk training
Matrix Desktop & Matrix Mobile/Client Jurisdiction Legal Advice: The FX desk trades electronically with clients over a Morgan Stanley proprietary trading platform called Matrix that enables clients to trade via Matrix either through a desktop and/or mobile phone application. Legal coverage team is required to undertake a review of each jurisdiction where clients are permissioned to trade via either of these channels, and to refresh that advice periodically. CDT will assist the Legal coverage team in obtaining new advice and updating existing advice, as well as assisting in the annual update of the Matrix onboarding procedures
Support legal research activities and projects
Maintain records of work performed. Ensure collaboration and escalations to appropriate stakeholders

Requirements
Qualification:
Qualified lawyer LLB (MBA in finance will be an added advantage);
5-11 post qualification experience at a law firm or in-house role in financial services;
Solid track record working in a professional environment

Skills:
Team player who can successfully manage multiple projects and priorities
Ability to analyze, think independently, form opinions and make decisions
Ability to anticipate ahead of time and escalate issues as appropriate
Attention to detail
Pragmatic and analytical problem solving skills - candidate needs to consistently apply sound judgment
Excellent verbal and written English communication skills - ability to effectively correspond with various groups and senior professionals over email and the telephone
Must be able to maintain a high level of organization under pressure
Successfully meet established deadline requirements - display efficient time management skills
Possess the ability to research and resolve issues independently
Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business Units
Have the ability to effectively handle a fast paced environment
Ability to identify and recommend process efficiencies

Coverage
Monday to Friday from 11.30AM to 8.30PM India time with flexibility to accommodate time sensitive matters on India Public Holidays and Firm Holidays. Flexibility on timing will be expected given sensitive nature of work with global coverage.