Associate – Subpoena, Levy and Garnishment Team Job Vacancy in Morgan Stanley Mumbai, Maharashtra – Latest Jobs in Mumbai, Maharashtra

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Company Name :
Morgan Stanley
Location : Mumbai, Maharashtra
Position : Associate – Subpoena, Levy and Garnishment Team

Job Description : Associate – Subpoena, Levy and Garnishment Team

Job Number: 3202630
POSTING DATE: Feb 18, 2022
PRIMARY LOCATION: Non-Japan Asia-India-Maharashtra-Mumbai (MSA)
EDUCATION LEVEL: Refer to Position Description
JOB: Other
JOB LEVEL: Associate

Job Description – Associate

Division: Legal & Compliance LCD
Super – Department: Legal
Department: COE Legal
Job Level: Associate
Job Title: SLG Associate

Employment Type: Full Time
Location: Mumbai (Nirlon Knowledge Park)

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.

LCD comprises of Legal, Compliance, Global Financial Crimes and Regulatory Relations.

The Legal Department provides guidance, requirements and procedures for understanding and complying with the laws, regulations and Firm policies that apply to our businesses.

The Global Compliance Department identifies applicable Compliance Obligations and maintains a Firmwide Compliance Risk management program, including Compliance Risks that transcend business lines, legal entities and jurisdictions of operation.

Global Financial Crimes is responsible for the development and governance of the Firm?s financial crime prevention efforts across all regions and business units. Global Financial Crimes is comprised of the Anti-Money Laundering (AML), Sanctions, Anti-boycott, Anti-Corruption (ACG) and Government and Political Activities Compliance (GPAC) programs.

The Global Regulatory Relations Group (GRRG) is responsible for strategic and centralized management of the supervisory activities of Morgan Stanley?s regulators and related developments globally, with a focus on regulatory reviews and examinations and continuous monitoring activities. GRRG serves as the central point of contact for the regulatory staff responsible for supervisory activities at Morgan Stanley entities and for timely reporting to Firm management and other governance or management bodies, as appropriate, on those relationships and supervisory processes, including areas of significant regulatory focus or concern.

LCD Center of Excellence ? Mumbai (LCD CoE) is a part of Morgan Stanley?s Global In-house Center, which provides global support to LCD and is an integral part of Firm and LCD strategy.

Team Team Description Day job
SLG Team The Subpoena, Levy and Garnishment Team (SLG) is responsible for analyzing and complying with levies, garnishments, subpoenas, temporary restraining orders, court orders and other similar forms of legal process served upon the Firm with respect to client accounts. The SLG also receives requests from the Firm?s branch offices and other areas regarding client accounts. SLG Associate will be responsible for reviewing and analyzing any form of legal process and other documentation assigned to him/her to determine if the Firm is in possession of property subject to the legal process. Then, if necessary, producing documents and/or restricting that property according to the terms of the legal process and other documentation and complying with all of its terms and conditions.

Responsibilities include, but not limited to:

Perform intake functions for all new matters including review and sort all forms of legal process and other documentation received by the SLG from various sources both internally and externally pertaining to matter assigned to the Associate
Opening, updating and concluding assigned matters in assigned systemsMaintaining appropriate records of the matters that he/she handlesWork closely with the SLG Supervisor regarding the distribution and assignment of matters. Escalate matters as necessary to the Supervisor or Supervising AttorneyAnalyzing the matters assigned to him/her to determine if the Firm is in possession of any property set forth in the controlling documents and then restricting the property and complying with all the terms and conditions of the documentRetrieve a wide variety of documents, stored in paper and electronic form, from a variety of Firm systems and applications.
Compliance with Legal Department policies and procedures for locating documents, and keeping a record of steps taken to retrieve documentsOrganizing, redacting and staging documents for production. Understand account balances for the purpose of forced liquidations, check disbursements and related mattersResearch levies for existing accounts and respond to those levies where there are no accounts and/or balancesDraft responses to various levies, garnishments, subpoenas, restraining notices and all forms of similar legal processWork with branch offices on various matters regarding the handling of levies, garnishments, subpoenas, restraining notices and all forms of similar legal processReview and advise on court documents related to divorce proceedingsLiaise/ Work with outside counsel on various matters including levies, garnishments, subpoenas and divorces.Collaborate with management and intervene where appropriate to mitigate risk. In addition to focusing on identifying opportunities to create efficiencies on issues affecting the legal processPrepare closed files for warehousingSubmit checks received to Accounts Receivable for processingAdhere to all financial services and regulatory requirements



? Qualified lawyer LLB (LLM will be an added advantage)
? 2-5 years? post qualification experience

? Solid track record working in a professional environment


? Understanding of legal documents and terminologies

? Prior experience in a law firm or legal department is preferred
? Should exhibit comfort working with technology and the ability to learn and display proficiency on technical systems and programs
? Computer proficiency including, but not limited to: Windows Microsoft Office, Internet and Website Knowledge and navigation skills

Skills and Qualities

? Excellent verbal and written English communication skills

? Pragmatic and analytical problem-solving skills – candidate needs to consistently apply sound judgment
? Attention to detail
? Experience in stakeholder management with excellent interpersonal skills and the ability to work effectively with colleagues across regions and Business Units
? 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
? Ability to identify and recommend process efficiencies

? Must be able to maintain a high level of organization under pressure
? Successfully meet established deadline requirements ? display efficient time management skills

? Must be able to interpret and analyze court documents and agreements

? Have the ability to effectively handle a fast-paced environment


? Monday to Friday from 11:30 AM to 8:30 PM India time
? Flexibility on standard working hours for time sensitive matters (including India Public Holidays) is expected
? Periodic calls with US manager and team members

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