Capital Markets / Private Markets Attorney
Morgan Stanley, Purchase, NY, United States
Morgan Stanley Wealth Management's Legal and Compliance Division is seeking to hire a Vice President to provide legal coverage for its Capital Markets and Private Markets businesses. The attorney will focus on the firm’s growing Private Securities transactional business and provide other support to the Capital Markets businesses. The position will be based in Purchase, NY.
The lawyer will be part of a team of seven capital markets lawyers reporting to the head of the Capital Markets legal team. The Capital Markets business is responsible for new issue distribution of a wide range of securities products including structured products; fixed income, equity, options, OTC derivatives, FX, futures and precious metals trading in the secondary markets; and sales coverage for the Firm's financial advisors. The lawyer will have significant interaction with the various business units and will work closely with the other lawyers on the team. The firm’s Private Markets business operates as part of the Investment Solutions business within Wealth Management. In particular, the position is expected to involve analyzing, reviewing, negotiating, structuring and approving matters in connection with the ongoing expansion of the Firm's private securities trading businesses and will involve coordination with Equity Zen personnel, MSWM's newly acquired private markets affiliate. The attorney will also 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 various lines. The attorney will also work closely with Compliance, Risk and the business units.
Responsibilities
Working on transactions involving customer purchases, sales or crossing of private securities in the secondary market
Advising on the range of services offered through the private markets trading desk, including direct share transfers, limited partnership liquidity, and SPV creation and trading, among others, as well as the operation and expansion of the desk and associated policies and procedures
Integration of the recently acquired Equity Zen business into the Firm's Private Markets ecosystem
Reviewing and negotiating private securities transactional agreements and third-party platform documents
Advising on complex trading strategies by high net worth and ultra-high net worth clients
Advising on regulatory changes, technology and operational builds, policies and procedures, audits and regulatory exams and inquiries
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
Reviewing marketing materials and presentations
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 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).
Experience on broker-dealer/FINRA matters a plus, along with related experience with applicable ERISA and tax issues.
Experience in complex transactions and projects and the ability to work independently when needed and also collaborate with cross functional groups.
Skills Desired
Professional maturity, confidence, presence 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
Fluency in Copilot and other AI applications
Compensation & Benefits Expected base pay rates for the role will be between $120,000 and $205,000 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.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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The lawyer will be part of a team of seven capital markets lawyers reporting to the head of the Capital Markets legal team. The Capital Markets business is responsible for new issue distribution of a wide range of securities products including structured products; fixed income, equity, options, OTC derivatives, FX, futures and precious metals trading in the secondary markets; and sales coverage for the Firm's financial advisors. The lawyer will have significant interaction with the various business units and will work closely with the other lawyers on the team. The firm’s Private Markets business operates as part of the Investment Solutions business within Wealth Management. In particular, the position is expected to involve analyzing, reviewing, negotiating, structuring and approving matters in connection with the ongoing expansion of the Firm's private securities trading businesses and will involve coordination with Equity Zen personnel, MSWM's newly acquired private markets affiliate. The attorney will also 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 various lines. The attorney will also work closely with Compliance, Risk and the business units.
Responsibilities
Working on transactions involving customer purchases, sales or crossing of private securities in the secondary market
Advising on the range of services offered through the private markets trading desk, including direct share transfers, limited partnership liquidity, and SPV creation and trading, among others, as well as the operation and expansion of the desk and associated policies and procedures
Integration of the recently acquired Equity Zen business into the Firm's Private Markets ecosystem
Reviewing and negotiating private securities transactional agreements and third-party platform documents
Advising on complex trading strategies by high net worth and ultra-high net worth clients
Advising on regulatory changes, technology and operational builds, policies and procedures, audits and regulatory exams and inquiries
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
Reviewing marketing materials and presentations
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 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).
Experience on broker-dealer/FINRA matters a plus, along with related experience with applicable ERISA and tax issues.
Experience in complex transactions and projects and the ability to work independently when needed and also collaborate with cross functional groups.
Skills Desired
Professional maturity, confidence, presence 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
Fluency in Copilot and other AI applications
Compensation & Benefits Expected base pay rates for the role will be between $120,000 and $205,000 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.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.
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