Associate-Wealth Management Advisory Support

Job Description

This role will form part of offshore Legal and Compliance Department in Mumbai and also PBG Legal. The role will have a dual reporting line to a manager in the offshore Legal department in Mumbai and also to a member of PBG Legal. Primary internal stakeholders include attorneys in the PBG Legal team and MSPBNA s mortgage group. Review legal documents related to mortgage transactions for accuracy and legal authority, including: o Review assignments of mortgages to assess whether documentation is accurate and legally sufficient to effectuate title transfer; o Communicate with third parties and colleagues in Morgan Stanley legal to assess any potential issues or inconsistencies; Provide mortgage assignments ready for execution to the MSPBNA business; Monitor and manage mortgage assignment process to ensure that assignments are properly recorded and any required corrections are made and publicly recorded Maintain and update databases related to mortgage transaction reviews to ensure that assignments are appropriately tracked through completion; Maintain and manage any templates or checklists as neededLegal Field Services Legal Field Services is a group consisting of 2 attorneys and eight paralegals based in New York. Field Services is a part of Branch Advisory Legal, which in turn is a group within the Legal and Compliance Division of Morgan Stanley. The offshore Legal and Compliance Department in Mumbai is a department of the Legal and Compliance Division and provides support services to the Legal and Compliance Division. This role will form part of offshore Legal and Compliance Department in Mumbai and also Legal Field Services. The role will have a dual reporting line to a manager in the offshore Legal department in Mumbai and also to the Manager of Legal Field Services. 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 in order to provide the Morgan Stanley Branch servicing the guardianship/conservatorship account (the Account ) with information necessary in order to properly handle the Account. Retrieve and review the Orders and Letters through the Morgan Stanley Workflow tool. Draft summaries of the terms found in the Orders and the Letters. Deliver summaries and legal approvals to the applicable Morgan Stanley Branch and Morgan Stanley s National New Accounts department via e-mail. Assist in the organization and maintenance of form/template Guardianship Approval form. Conduct legal research relating to various U.S. state guardianship/conservatorship law and amendments to such laws. Respond to e-mail inquiries relating to the Guardianship Approval. Branch Advisory Branch Advisory Legal is a group of attorneys and paralegals within Wealth Management Legal. Branch Advisory Legal encompasses the legal field services unit, the Levies & Garnishment Unit, the Marketing Review Unit & the Field Coverage Unit. Legal Field services consists of two attorneys and eight paralegals based in New York. Levies and Garnishment consists of one attorney and six paralegals and one in-take specialist based in New York and Baltimore. Marketing Review consists of one attorney and one paralegal based in New York. Field Coverage consists of seven attorneys and one paralegal based in New York & San Francisco. The Offshore Legal and Compliance Department in Mumbai is a department of the Legal and Compliance Division and provides support services to the Legal and Compliance Division. This role will form part of the Legal and Compliance Department in Mumbai and also the Legal Field Services Unit, the Levies & Garnishment Unit, the Marketing Review Unit & the Field Coverage Unit with a dial reporting line to the heads of these units , and to the manager the offshore Legal Department in Mumbai. 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. For the Levies & Garnishments Unit (LGU), pursuant to receipt of legal process from entities such as the IRS, state and federal courts, etc., review all Wealth Management accounts through various firm systems and take appropriate action on any named accounts with assets, including any required notification to parties. For LGU, perform distributions of set amounts from restricted accounts that have the required authorization to make certain distributions. Enter LGU matters into T360 system to maintain a record of receiving the various LGU legal Process documents, track progress and facilitate payment of outside counsel for these matters. On behalf of LGU, retrive the service of legal process that has been served upon the Firm s designated agent for the receipt of legal process (CT Corp). For Marketing Review Unit:o Review proposed team names of our FA teams to determine that the proposed name is compliant with Firm policies and that there are no trademark issues.o In connection with any potential data breaches reported through the firms Irespond system, review client names against various firm sources to determine details of required notice. Review accounts escalated to WM Advisory Legal by Fraud Operations (based upon activity related to Debit Card, ACH, Bill Pay, Wire Transfer, Check, or other) and take appropriate actions internally and with external regulators.Experience Qualified lawyer LLB (LLM will be an added advantage) 2-5 years post qualification experience Solid track record working in a professional environmentKnowledge Understanding of legal documents and terminologies Basic understanding and exposure to mortgage transactions will be an added advantage Basic understanding and exposure to general legal and estate planning concepts and terminologies will be an added advantage Should exhibit comfort working with technology and the ability to learn and display proficiency on technical systems and programs. Proficient with MS Office (Excel proficiency would be an added advantage) Knowledge of document automation, contract analysis and other legaltech software an advantage, *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 Ability to identify and recommend process efficiencies Excellent verbal and written English communication skills ability to effectively correspond with various groups and senior professionals over email and the telephone Must be able to maintain a high level of organization under pressure Attention to detail Successfully meet established deadline requirements display efficient time management skills Possess the ability to research and resolve issues independently Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business Units Have the ability to effectively handle a fast paced environment Coverage Monday to Friday from o EDT (March to November) 12 PM 9 PM IST o EST (November to March) 1 PM 10 PM IST Flexibility on standard working hours for time sensitive matters (including India Public Holidays) is expected Periodic calls with US manager and team members

Keyskills :
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