Community Development Finance

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.

Morgan Stanley's Community Development Finance (CDF) team is dedicated to implementing a first-rate community development program. The department's responsibilities include community development lending, investing and grant making; community relations; regulatory relations; and regulatory compliance. The department's target market is low- to moderate-income (LMI) communities in Utah, New York, Washington DC and other regions nationwide.

Primary Responsibilities
 

• CRA Compliance for the US Banks
• Governance – Lead the preparation of presentations for various governance bodies of the US Banks: the US Banks’ CRA Committee, Management Committee, and Board as well as the Community Development Advisory Board and MS Investment Council. Serve as the Secretary of the CRA governance committees
• Regulatory Compliance – Monitor and prepare reports of the loan, investment and community development service activities of the CDF group to conform to key CRA regulatory requirements like 12 CFR Part 35 (“Sunshine”), 12 CFR Part 25, subpart E, Data Integrity and OCC Performance Examinations
• Internal Reporting and Monitoring – Evaluate and track CRA eligibility of CDF transactions, assess community needs and benchmark CRA activities and community impact. Includes conducting analysis and research for updating the US Banks’ Strategic Plans
• Internal Audit and Compliance Testing – Prepare requested information for CRA compliance related internal audits, exams and compliance testing
• Policies & Procedures – Assist in updating CRA Compliance Policies and Procedures
• Assist with ad hoc responsibilities and projects
• Community Relations for the US Banks
• Grants and Sponsorship Program – Manage the database to support tracking the budget and execution of the Grants and Sponsorship Program
• Develop and maintain relationships with key community groups, government agencies, and industry groups and represent MS CDF at external events
• Research community development topics and best practices related to affordable housing, workforce development and economic development

Required Skills
 

• Strong capacity, based on experience and demonstrated success, to analyze and apply regulatory standards to the group’s real estate loans and investments to conform to the requirements of the Community Reinvestment Act
• Excellent verbal and written communication skills, including PowerPoint/presentation skills and the ability to influence and interact with senior members of the Firm
• Strong interpersonal skills - Freely develops networks, builds consensus, prioritizes effectively, and develops alliances across organizations and numerous constituencies
• Excellent attention to detail and follow through
• Strong organizational skills and ability to work both independently and as part of a team and manage a variety of projects and tasks under tight deadlines

Required Experience

• 2+ years of relevant experience in compliance, audit, risk management or public policy and analysis. Experience in community relations and/or community development is a plus
• Bachelor’s degree in Business, Finance, Economics, Public Policy or other related field
• MBA or Master’s degree in related field is preferred

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 85 years. At our foundation are five core values — putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back — that guide our more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find trusted colleagues, committed mentors and a culture that values diverse perspectives, individual intellect and cross-collaboration. We Firm is differentiated by the caliber of our diverse team. While our company culture and commitment to inclusion define our legacy and shape our future, helping to strengthen our business and bring value to clients around the world. Learn more about how we put this commitment to action: morganstanley.com/diversity. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry.

We're committed to bringing passion and customer focus to the business.

Expected base pay rates for the role will be between 57,000 and 115,000 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'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).