Wealth Management – Executive Financial Services – Restricted Securities Generalist – Associate

Full Job Description

Wealth Management – Executive Financial Services – Restricted Securities Generalist – Associate

Job Number:


POSTING DATE: Aug 27, 2021

PRIMARY LOCATION: Americas-United States of America-New York-New York

EDUCATION LEVEL: Bachelor’s Degree

JOB: Wealth Management


JOB LEVEL: Associate


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.

Department Profile:

MS Executive Financial Services (“EFS”) is the industry leader in the suite of services supporting products and transactions involving restricted/control stock focused on Rule 144 Affiliates and Corporate Insiders. EFS umbrella includes 10b5-1 Plan implementation and trading, sales in reliance with registrations and SEC exemptions.

As part of the expanding Restricted Securities Team within EFS, you will join a growing team dedicated to ensuring transactions meet regulatory and compliance policies. EFS is involved with review of material facts and approval of both complex and vanilla transactions for our Morgan Stanley’s Wealth Management and Stock Plan Client’s. We liaise with our Financial Advisors and their client’s, Issuer’s counsels, Legal, Compliance, Risk, Structured Products, Private Bank, Shareworks, and Senior MS Management. The scope of transactions include restricted and control securities sales, hedging, collateral eligibility for margin, liquidity access and tailored lending. An important part of the EFS service model includes guidance and education to FA’s, Branch Management and Issuer’s relating to SEC rules and operational considerations.

Position Summary and Responsibilities:

As a Restricted Securities Generalist, within the Executive Financial Services Department of Morgan Stanley Wealth Management, this position will be responsible for performing due diligence for transactions which are encumbered by legal and regulatory restrictions.

An opportunity to collaborate and network with senior level management, and working directly with Ultra High Net Financial Advisors you will perform the due diligence and provide approvals for client transactions. You will be in direct contact with the Legal Counsels of publicly traded companies to ensure transactions meet qualified exemptions and are compliant with regulatory framework and Morgan Stanley internal procedures.

General functions will include:

Understand Equity Capital Markets functions and products with a focus on secondary market liquidity options that require due diligence, risk assessment and compliance with SEC regulations and MS Policies

Develop and maintain a high level of knowledge in various SEC Rules such as Rule 144 & Section 16

Maintain, organize and update electronic record books of client transaction’s

Work closely with ancillary businesses such as Risk, Legal, Compliance & Operations

Focusing on due diligence of transactions and assisting with special situations that involve securities in reliance to S-1/S-3 Registration Statements which underlie Companies which go public through Direct Public Offering’s (DPO), Special Purpose Acquisition Corps (SPAC), PIPES, Reg-S Offerings

Discovery and analysis of industry changes, market trends and pending regulation that effect the Executive Financial Services underlying business

Ability to recognize needed enhancements in operations that could improve efficiencies, and or decrease risk

Review transactions/documents with the ability to identify any issues relating to such

Facilitate the clearance & settlement of restricted shares, including compiling and submitting legal paperwork to company counsel


Prior experience in Equity Capital Markets and Wealth Management

FINRA Licenses: Series 7 & 63 required

Detail oriented with superior organization skills and ability to prioritize tasks

High proficiency with Microsoft Excel and PowerPoint

Positive and professional customer service attitude

Excellent written and verbal communication

Team oriented and ability to collaborate with others

Knowledge/experience in Investment Banking/Origination/M&A framework

Strong industry, product and branch procedure knowledge

Experience in developing and streamlining a service/product and operational procedures

2-5 year experience in the financial industry with practical knowledge in servicing senior level executives and high net worth financial advisors



This company is hiring for this role at multiple locations.

Stories from Around NYC