Director, Compensation (Carried Interest)

About the role

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 42 countries.

Our Compensation Team is seeking a Carried Interest Director who will play a role with our carried interest product.

Location: New York, NY (4x per week in office)

Responsibilities

• Serve as point of contact for inquiries, issues, and escalations regarding carried interest, including questions on distributions, tax inquiries related to carried interest, questions about fund mechanics and waterfalls, as well as carry allocations for several fund groups
• Coordinate the carry plan design process for new funds; partner with legal, tax and finance to drive discussions and completion of plan terms and document generation
• Work with Legal and Tax to assess Legal Entity and employment regulatory compliance considerations in the regions
• Partner closely with HR Business Partners to manage processes and outcomes for any material employee issues related to carried interest including hires, terminations, and transfers
• Help manage carried interest distributions including waterfall analysis and participants allocation review. Collaborate with carried interest plan administration team on communications to participants, senior management, and other relevant groups
• Assist with key reporting metrics to management and lead all aspects of carried interest year-end processes in conjunction with HR Business Partners; perform ad hoc analyses as need

Qualifications

• 6+ years of financial services experience; preferably in compensation design, tax, accounting/finance
• Understanding of asset management business
• Strong preference for working knowledge of private investing fund mechanics and/or carried interest
• Clear emphasis on client delivery and solutions
• Highly skilled in Excel; Proficient in MS Word; organized and efficient approach to record keeping; strong interpersonal and organizational skills; ability to multi-task in a fast-paced environment; ability to maintain confidentiality of all sensitive issues; strong attention to detail; ability to work independently and as a team; excellent communication skills

What You Can Expect from Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years.

Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries.

At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences.

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. There's also ample opportunity to move about the business for those who show passion and grit in their work.

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Pay and benefits

Expected base pay rates for the role will be between $120,000 and $180,000 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.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.