Division

In the Legal & Compliance division, we protect the Firm’s business by identifying risks and designing programs and policies that guide internal teams on ways to address or mitigate those outcomes.

Morgan Stanley is an industry leader in financial services, known for mobilizing capital to help governments, corporations, institutions, and individuals around the world achieve their financial goals.

The Bank Compliance Department is charged with oversight and coordination of the Compliance program for the U.S Banks (Morgan Stanley Bank, N.A. and Morgan Stanley Private Bank, National Association). The candidate will join the department as a member of the Consumer Lending Compliance Quality Assurance Team and will assist in the development, execution and maintenance of a Compliance Quality Assurance Plan for Morgan Stanley Private Bank, National Association lending products.

At Morgan Stanley India, we support the Firm’s global businesses, with critical presence across Institutional Securities, Wealth Management, and Investment management, as well as in the Firm’s infrastructure functions of Technology, Operations, Finance, Risk Management, Legal and Corporate & Enterprise Services. Morgan Stanley has been rooted in India since 1993, with campuses in both Mumbai and Bengaluru. We empower our multi-faceted and talented teams to advance their careers and make a global impact on the business. For those who show passion and grit in their work, there’s ample opportunity to move across the businesses for those who show passion and grit in their work.

Interested in joining a team that’s eager to create, innovate and make an impact on the world? Read on…

What you’ll do in the role:

• Assisting with the on-going maintenance of the Compliance Quality Assurance Plan and Program;
• Assisting in the on-going maintenance of the Compliance Quality Assurance review scenarios and test scripts for consumer lending related alphabet regulations (e.g. Regulations B, P, U, V, X, Z, FDPA, SAFE Act, Fair Housing Act, Military Lending Act, E-Sign Act, etc.);
• Performing monthly Compliance QA reviews based on a pre-selected sample of loan files including both originated and non-originated loan files;
• Assisting in the development and publication of monthly and quarterly reports reflecting the results and any trending analysis of the Compliance QA reviews;
• Drafting compliance-related User Acceptance Test (UAT) Scripts for the residential mortgage loan origination system;
• Assisting in the development of a Compliance QA plan and program for other Consumer Lending Products (i.e. Tailored Lending (TL), Line of Credit (LOC), Liquidity Access Line (LAL);
• Assisting the Head of U.S. Bank Consumer Lending Compliance in project activities including document preparation based on compliance timing requirements, signature requirements, other federal and state-specific rules;
• Assisting the Consumer Lending Compliance Quality Assurance Manager in providing guidance in the insertion of compliance rules in 1st line of defense training modules, job aids, procedures and loan origination system control request changes

What you’ll bring to the role:

• 3-5 years of experience for Associate, 7-8+ years of overall experience for Director including experience in managing teams
• Experience in interpreting laws or regulations
• Prior experience with lending origination compliance quality control requirements
• Solid track record working in a professional environment

• Knowledge of consumer lending products (i.e residential mortgage, Liquidity Access Line, Tailored Lending, Line of Credit from an origination perspective)
• Knowledge of consumer protection alphabet regulatory requirements (e.g. Regs B, C, P, U, V, X, Z, Flood Disaster Protection, SCRA, Fair Housing, and SAFE, etc)
• Should exhibit comfort working with technology and the ability to learn and display proficiency on Firm’s systems and programs

Coverage

Monday to Friday from 11:30 AM IST to 8:30 PM IST. Coverage is dependent on business needs so flexibility on required finish time or full day’s coverage may be required during some Indian holidays.

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 for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. 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.

We're committed to bringing passion and customer focus to the business.

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximize their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives, and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing, and advancing individuals based on their skills and talents.