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Background on the Position
Morgan Stanley Wealth Management Legal and Compliance Division is seeking to hire a lawyer to provide legal coverage for its Alternative Investments business. Specifically, the attorney will focus on alternative investment transactions and matters related thereto. The position will be located in Midtown Manhattan and/or Purchase, NY.
The lawyer will be part of a team of five alternative investments lawyers reporting to the head of the Alternative Investments legal team. The lawyer will have significant interaction with the business unit, and will work closely with the other lawyers on the alternative investments team. The lawyer will be a member of a broader group of advisory attorneys servicing Morgan Stanley Wealth Management’s products and services, and the role will involve coordination with attorneys covering Morgan Stanley’s Institutional Securities group, Morgan Stanley’s Investment Management group and Compliance coverage for these affiliates and the wealth management businesses.
In particular, the position is expected to involve analyzing, reviewing, negotiating, structuring and approving matters relating to the offering and distribution of alternative investments. In addition, the attorney will be involved in 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 unit to implement new regulatory initiatives and respond to regulatory inquiries; coordinate with Operations and IT personnel and other coverage attorneys to address business enhancement needs and regulatory changes; and identify legal and other risks.
The candidate will be closely involved in (among others):
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
Advising on legal obligations arising in connection with corporate governance, investor relations, fund raising and investing activities
Reviewing marketing materials and investor presentations (including track record data)
Reviewing early stage transaction documents (NDAs, term sheets, agreements) where external legal counsel has not yet been engaged
Advising business and coordinating responses with respect to any regulatory examinations or inquiries
The supervision (and coordination with external counsel with respect to) fund formation, investment activity, platform maintenance/compliance, and regulatory matters
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
Advising on contentious matters relating to alternative investment products, working closely with Morgan Stanley’s litigation department as necessary
Reviewing new technology and tools relating to the offering of alternative investments
Advising and providing legal guidance for new product approvals
A minimum of four (4) years relevant experience working on alternative investment matters with a top quality law firm and/or in-house experience with a financial services firm, including a bank, broker-dealer, investment advisory firm, private equity, real estate or hedge fund.
The candidate should have experience with U.S. securities and other laws, including the Advisers Act, Securities Act of 1933 (including Regulation D), the Securities Exchange Act of 1934, the Investment Company Act of 1940, Investment Advisers Act of 1934, as they relate to private placements, registered closed-end funds and onshore and offshore alternative investment funds.
Experience on broker-dealer/FINRA matters a plus, along with related experience with applicable ERISA and tax issues.
Candidates should have experience in managing complex transactions and projects and must be able to work independently when needed and also collaborate with cross functional groups.
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
Team work and ability to multi-task in fast paced environment*LI-SH
Internal Number: 3131140
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