Background on the Position - Vice President
Morgan Stanley Wealth Management Legal and Compliance Division is seeking to hire a Vice President to join a team providing legal coverage for its Alternative and Private Investments businesses. Specifically, the attorney will focus on alternative investment funds and private securities transactions and related matters. The position will be based in Purchase, NY (with potential flexibility for New York City).
The successful candidate will join a team of six alternative investments attorneys reporting to the head of the Alternative Investments legal team. The attorney will have significant interaction with the business unit and will work closely with the other attorneys on the Alternative Investments legal team. The applicant will be a member 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 Morgan Stanley Wealth Management's other businesses.
In particular, the position will involve analyzing, reviewing, negotiating, structuring and approving matters relating to the offering and distribution of alternative investment funds and other private securities. In addition, the attorney will advise on various business projects, both independently and in coordination with other team members, as necessary. The attorney will also work closely with Compliance, Risk and the business units within Morgan Stanley Wealth Management, as well as with counterparties at external financial services firms and outside counsel.
Primary Responsibilities
The following is an illustrative, non-exhaustive list of the types of responsibilities that the successful candidate will be actively involved in:
- The distribution of complex fund or feeder fund offerings, including drafting and negotiating placement agent or other distribution agreements, custom fund offerings, servicing agreements, review of offering documents (e.g., Private Placement Memoranda, Limited Partner Agreements, Subscription Agreements, Side Letters, etc.) and ongoing fund communications, as well as working with external counsel when needed.
- Working on transactions involving the distribution of co-investments, secondaries and direct private securities offerings.
- Advising on legal obligations arising in connection with corporate governance, investor relations, fund raising, distribution, marketing, and investing activities.
- Reviewing marketing materials and investor presentations (including track record data).
- Reviewing early stage transaction documents (NDAs, term sheets, agreements).
- Reviewing and negotiating client account documentation related to alternative investment product and services and ongoing corporate communications.
- Review and interpret relevant statutes, rules and regulations applicable to wealth management products and services.
- Maintaining form agreements as well as working on discrete projects, regulatory inquiries, fund maintenance and other matters as appropriate.
Experience/Qualifications- J.D. required.
- A minimum of three (3) years relevant experience at a top quality law firm and/or in-house, preferably with a financial services firm (including a bank, broker-dealer, investment advisory firm, private equity, real estate or hedge fund).
- Experience with alternative investments.
- Experience with co-investments, direct investments and/or secondary transactions in private securities is a plus.
- Experience reviewing and interpreting statutes, rules and regulations, with knowledge of U.S. securities laws is a plus (including Investment Advisers Act of 1940, Securities Act of 1933 (including Regulation D), the Securities Exchange Act of 1934, and the Investment Company Act of 1940).
- Experience with broker-dealer/FINRA matters is a plus, along with related experience with applicable ERISA, anti-money laundering, data protection, and tax issues.
- Candidates should have experience in complex transactions and projects and must be able to work independently when needed and also collaborate with cross functional groups.
Skills desired:- Professional maturity, confidence, presence, independence, drive, and initiative.
- Excellent judgment and analytical skills.
- Excellent oral and written communication skills.
- Strong interpersonal skills.
- Strong management and administrative skills.
- Teamwork and ability to multi-task in fast paced environment.
- Ability to evaluate and prioritize among multiple tasks.
Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Expected base pay rates for the role will be between $110,000.00 and $190,000.00 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.
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