2022 Compliance Summer Analyst Program (Mumbai)
Mumbai (MSA)
Bachelor's Degree
Legal and Compliance
Job Description
Division: Legal & Compliance (LCD)
Super - Department: Legal
Region: Global
Job Level: Intern
Location: Mumbai (Nirlon Knowledge Park)
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, 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.
LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.
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 (LCD CoE) is a part of Morgan Stanley’s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.
The offshore Legal and Compliance Department in Mumbai is an extended arm of global Legal & Compliance teams – the offshore Legal being one of the teams. Legal team consists of Client Documentation Team, Technology & Data Legal Group (T&D Legal), Litigation Support and Company Secretary.
The internship opportunity is within the Client Documentation Team, T&D Legal and Litigation Support team.
Primary Responsibilities (Day Job)
Client Documentation team
o Draft review & negotiation of non-disclosure agreements for all businesses;
o Support FID Legal to review guarantees for Basel compliance for traded products;
T&D Legal
o Reviewing, drafting and negotiating a full range of commercial contracts that may include some or all of the following:
Software Agreements
Hardware Purchase Agreements
Multimedia Agreements
Services Agreements/Engagement Letters
Training, Events and Sponsorship Agreements
Renewals/Amendments/Schedules
Termination Letters/Novation
NDAs
o Legal Research - Conducting legal research and assisting in other ad hoc project work
o Data Privacy - Privacy Impact Assessment , Review/Negotiate Data Privacy Exhibits and handle other miscellaneous tasks
o Handling large-scale contract remediation and data extraction projects
Litigation Support
o Provide litigation support to paralegals and attorneys supporting Morgan Stanley’s Wealth Management business in connection with customer complaints, arbitrations, subpoenas, litigations and regulatory matters, including:
To assist in retrieving wide variety of documents, stored in paper and electronic form
To comply with Legal Department policies and procedures for issuing litigation holds, locating documents, and keeping a record of steps taken to retrieve documents
Organizing redacting and staging documents for production
o Assist in tracking Litigation and Regulatory matters and Subpoenas as they are received by the Firm and includes:
Checking for previous related matters in matter management system
Running searches in Firm systems using various criteria
Creating a new record for such matters in the Firm’s matter management system
o Review legal documents related to mortgage transactions for accuracy and legal authority, including:
Review assignments of mortgages to assess whether documentation is accurate and legally sufficient to effectuate title transfer;
Communicate with third parties and colleagues in Morgan Stanley legal to assess any potential issues or inconsistencies;
o Support the Legal Field Services team in New York to review Court Orders of Guardianship/Conservatorship (“Orders”) and Letters of Guardianship/Conservatorship (“Letters”) issued by applicable U.S. state courts and summarize the relevant terms of the Order and the Letters
o Support the Branch Advisory Legal team to receive and process matters submitted to Legal Field Services intake for review, including matters related to custodial accounts, powers of attorney, IRAs, estates, trusts, guardianships and others
Requirements
Candidate must be pursuing LLB from any Law schools preferable in the advanced stage of the program
Solid track record in all semester examinations
Skills and Qualities
Team player who can successfully manage multiple projects and priorities
Ability to think independently, form opinions and make decisions
Ability to anticipate ahead of time and escalate issues as appropriate
Pragmatic and analytical problem solving skills - candidate needs to consistently apply sound judgment
Excellent verbal and written English communication skills
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
Ability to identify and recommend process efficiencies
Attention to detail
Coverage
Monday to Friday from 11.30AM to 8.30PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).
Periodic evening calls with US and EMEA internal clients and vendors
Division: Legal & Compliance (LCD)
Super - Department: Legal
Region: Global
Job Level: Intern
Location: Mumbai (Nirlon Knowledge Park)
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, 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.
LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.
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 (LCD CoE) is a part of Morgan Stanley’s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.
The offshore Legal and Compliance Department in Mumbai is an extended arm of global Legal & Compliance teams – the offshore Legal being one of the teams. Legal team consists of Client Documentation Team, Technology & Data Legal Group (T&D Legal), Litigation Support and Company Secretary.
The internship opportunity is within the Client Documentation Team, T&D Legal and Litigation Support team.
Primary Responsibilities (Day Job)
Client Documentation team
o Draft review & negotiation of non-disclosure agreements for all businesses;
o Support FID Legal to review guarantees for Basel compliance for traded products;
T&D Legal
o Reviewing, drafting and negotiating a full range of commercial contracts that may include some or all of the following:
Software Agreements
Hardware Purchase Agreements
Multimedia Agreements
Services Agreements/Engagement Letters
Training, Events and Sponsorship Agreements
Renewals/Amendments/Schedules
Termination Letters/Novation
NDAs
o Legal Research - Conducting legal research and assisting in other ad hoc project work
o Data Privacy - Privacy Impact Assessment , Review/Negotiate Data Privacy Exhibits and handle other miscellaneous tasks
o Handling large-scale contract remediation and data extraction projects
Litigation Support
o Provide litigation support to paralegals and attorneys supporting Morgan Stanley’s Wealth Management business in connection with customer complaints, arbitrations, subpoenas, litigations and regulatory matters, including:
To assist in retrieving wide variety of documents, stored in paper and electronic form
To comply with Legal Department policies and procedures for issuing litigation holds, locating documents, and keeping a record of steps taken to retrieve documents
Organizing redacting and staging documents for production
o Assist in tracking Litigation and Regulatory matters and Subpoenas as they are received by the Firm and includes:
Checking for previous related matters in matter management system
Running searches in Firm systems using various criteria
Creating a new record for such matters in the Firm’s matter management system
o Review legal documents related to mortgage transactions for accuracy and legal authority, including:
Review assignments of mortgages to assess whether documentation is accurate and legally sufficient to effectuate title transfer;
Communicate with third parties and colleagues in Morgan Stanley legal to assess any potential issues or inconsistencies;
o Support the Legal Field Services team in New York to review Court Orders of Guardianship/Conservatorship (“Orders”) and Letters of Guardianship/Conservatorship (“Letters”) issued by applicable U.S. state courts and summarize the relevant terms of the Order and the Letters
o Support the Branch Advisory Legal team to receive and process matters submitted to Legal Field Services intake for review, including matters related to custodial accounts, powers of attorney, IRAs, estates, trusts, guardianships and others
Requirements
Candidate must be pursuing LLB from any Law schools preferable in the advanced stage of the program
Solid track record in all semester examinations
Skills and Qualities
Team player who can successfully manage multiple projects and priorities
Ability to think independently, form opinions and make decisions
Ability to anticipate ahead of time and escalate issues as appropriate
Pragmatic and analytical problem solving skills - candidate needs to consistently apply sound judgment
Excellent verbal and written English communication skills
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
Ability to identify and recommend process efficiencies
Attention to detail
Coverage
Monday to Friday from 11.30AM to 8.30PM India time with flexibility on standard working hours for time sensitive matters (including India Public Holidays).
Periodic evening calls with US and EMEA internal clients and vendors
Summer Analyst
Summer Analyst
This Program is closed to applications.