Description:

Morgan Stanley Wealth Management's Legal and Compliance Division is seeking to hire an Executive Director or Vice President (commensurate with experience) to provide legal coverage for its Capital Markets and Private Markets businesses. Specifically, the attorney will focus on the Firm's growing Private Securities transactional business, its expansive Structured Investments distribution and trading business and provide other support to the Capital Markets businesses. The position will be based in Purchase, NY or Manhattan.

The lawyer will be part of a team of seven capital markets lawyers reporting to the head of the Capital Markets legal team. The lawyer will have significant interaction with the various business units and will work closely with the other lawyers on the team. The team is part of a broader group of advisory attorneys covering Morgan Stanley Wealth Management's products and services, and the role will involve coordination with attorneys covering the other businesses, as well as with attorneys supporting Morgan Stanley's other divisions.

The Firm's Private Markets business operates as part of the broader MS@Work and Investment Solutions businesses within Wealth Management. In particular, the position is expected to involve analyzing, reviewing, negotiating, structuring and approving matters in connection with the development and expansion of the Firm's private securities trading businesses and the creation and operation of a trading platform.

Wealth Management's Structured Investments business is an industry leader, having distributed over 2100 offerings during fiscal year 2021 alone with a notional totaling over $19 Billion. The business structures and offers a wide breadth of SEC-registered and Reg S products issued by Morgan Stanley and an array of third-party issuers. The attorney will assist in reviewing deal structure and documentation, support platform and product enhancements, negotiate distribution agreements for onboarding new issuers, and advise on regulatory changes and developments, among other matters.

In addition, the attorney will advise on various business projects, both independently and in coordination with other team members, as necessary in connection with the team's coverage of the Firm's Syndicate, Trading and Executive Financial Services businesses. The attorney will also work closely with Compliance, Risk and the business units.

Primary Responsibilities:
The attorney will work closely with two Executive Director lawyers on the team who support the Private Markets and Structured Investments businesses. The following is an illustrative, non-exhaustive list of the types of responsibilities that the successful candidate will be closely involved in:
  • Working on transactions involving customer purchases, sales or crossing of private securities in the secondary market
  • Advising on the creation and operation of a private securities trading platform and associated policies and procedures
  • Reviewing marketing materials and presentations
  • Reviewing and negotiating private securities transaction and third-party platform documents
  • Supporting Structured Investment product offerings and enhancements, including reviewing new payoff structures and underliers
  • Negotiating third-party issuer distribution agreements and advising in connection with ongoing issuer diligence
  • Advising on regulatory changes, technology and operational builds, policies and procedures, audits and regulatory exams and inquiries
  • Reviewing and negotiating client account documentation related to capital markets products and services
  • Reviewing and interpreting relevant statutes, rules and regulations applicable to Wealth Management products and services
  • Maintaining form agreements and disclosures, as well as working on discrete projects and other matters as appropriate

Following first 6 months of in office employment in good standing, role will require in office attendance 3 days/week

Qualifications
  • J.D. required
  • A minimum of five (5) years relevant experience at a top-quality law firm and/or in-house experience, preferably with a financial services firm (including a bank, broker-dealer or private equity fund).
  • Experience with capital markets and securities legal work, in particular structured investments, private equity or other illiquid asset classes
  • Experience with co-investments, direct investments and/or secondary transactions in private securities.
  • Experience reviewing and interpreting statutes, rules and regulations, with knowledge of U.S. securities laws (including Securities Act of 1933, the Securities Exchange Act of 1934, and associated FINRA rules).

Expected base pay rates for the role will be between 160000 and 250000 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.