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.

The profile of Operational Taxes has seen an exponential increase in recent years as governments globally react to the financial crisis and the focus on tax revenue collection increases. This increase in tax activity requires the Operations division to implement new processes to support these taxes. This is an exciting opportunity for someone who would like to make a direct contribution in managing operational tax risk within the Firm. This role is unique in setting the standard for how firms will manage operational tax risk in the future.

The New York Tax Risk & Advisory team forms part of the broader International Tax Utility (ITU) group, a department dedicated to streamlining and enhancing the operational tax environment within Morgan Stanley, specifically focusing on Canadian and Latin American operational taxes. The group is responsible for setting best practice with regards to controlling and mitigating operational tax risk and performs a number of control / operational functions over a variety of withholding and transactional taxes generated by trading activities across multiple divisions including Equities, Fixed Income, Derivatives and Financing. The successful candidate will therefore work closely with all Operations groups across the firm covering all product lines, Corporate Tax Department and the Business Units.

At a macro level, the multi-faceted and dynamic role requires the candidate to review existing operational tax processes, analyze the operational tax impact of tax regulatory changes and new business proposals in order to be able to influence the implementation of change, in a highly pressured environment.

We are looking for a candidate who is driven to provide consistently high standards, keen to identify and resolve issues, will challenge existing processes and controls whilst working with cross functional teams to implement operational improvements.

Knowledge Base:

• Provide cross Operational and Business Unit tax support in regards to operational taxes hence knowledge of the banking sector and ideally experience of working in an operational taxes environment or supporting operational taxes from a tax technical perspective
• Demonstrate detailed technical tax knowledge of Stamp Duty, Transaction Taxes, Withholding Tax or Capital Gains Tax regimes and international tax reporting and how they impact operational processing and infrastructure, preferably with regards to operational taxes within Canadian and Latin American jurisdictions.

Role & Responsibility:

• Monitor and review tax policy and regulation changes that affect current tax processing and communicate the operational tax implications to various key stakeholders
• Work with the Corporate Tax Department and external tax advisors to interpret the legislation, provide steer on operational implementation and partner with various Operations teams and Business areas on actual implementation
• Create and document operational tax requirements, processes, policies and procedures for Operations to correctly set up systems to ensure tax compliance.
• Attend and represent MS at industry forums where legislation and practical difficulties are being discussed
• Work effectively across geographical and functional boundaries demonstrating strong relationship skills.

We are looking for an enthusiastic candidate who is driven to provide the highest standards, keen to identify and resolve issues, will challenge existing processes and controls while working with cross functional teams to implement operational improvements. As the ITU group has a global presence there can be opportunity for mobility within the group as well as across Operations broadly as part of the firm's mobility program. In addition, ITU is passionate about self-development and may provide study support towards accounting or tax qualifications.

Expected base pay rates for the role will be between 100000 and 170000 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.

Role is Hybrid and will require in office attendance 3 days/week.

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).