Job Overview
We’re seeking someone to join our team as Head of EMEA Compensation & Regulatory Remuneration, Executive Director, reporting to the Head of EMEA HR Products. This senior leadership role carries dual accountability for Business Unit Compensation advisory and Regulatory Remuneration across the EMEA region (~10,000 employees in 15+ offices including London, Budapest, Frankfurt, Glasgow, Paris, Madrid, Milan, and Dublin). The successful candidate will serve as a strategic compensation partner to EMEA business lines while acting as the Firm’s subject matter expert on UK and EU regulatory remuneration matters. The role requires close collaboration with HR Business Partners, senior business leaders, Finance, Risk, Compliance, Legal, and global compensation colleagues to deliver competitive, compliant, and commercially aligned compensation programs.
Responsibilities
- Business Unit Compensation
- Strategic Advisory: partner with HRBPs across Institutional securities, Investment management, and Co‑Infrastructure on EMEA compensation strategy, providing market intelligence and data‑driven recommendations.
- Year‑End & Mid‑Year Cycles: lead all aspects of EMEA compensation cycles, including modelling, audits, governance approvals, and executive communication days.
- Benchmarking & Market Analysis: conduct compensation reviews and market benchmarking (e.g., McLagan/Aon) to address regional nuances such as MENA allowances, Germany car allowances, and Budapest cost structures.
- Compensation Operations: oversee Compensation Management System management, compensation expense reporting, data integrity, and UAT for system enhancements.
- Job Architecture: support the rollout and maintenance of Job Architecture compensation frameworks across EMEA business units.
- Regulatory Remuneration
- Regulatory Disclosures: own and deliver all EMEA compensation disclosures, including Pillar 3 (CRR 450), MIFIDPRU, PRA/FCA submissions, and the annual Remuneration Policy Statement submissions.
- MRT Framework: manage the identification, maintenance, and governance of the EMEA Material Risk Taker population, ensuring deferral and pay‑out requirements comply with CRD V/VI under EBA Guidelines and PRA/FCA Remuneration codes, UCITS and AIFMD.
- Governance & Committees: own compensation inputs into EMEA governance processes, including the EMEA Remuneration Oversight Committee (EROC) and MSI Remuneration Committee (RemCo), and prepare board‑ready materials.
- Regulatory Change: monitor and implement changes to UK and EU remuneration regulations, advising on implications for Morgan Stanley employees.
- EU Wage Transparency & Pay Equity: lead the implementation of the EU Wage Transparency Directive and oversee Gender Pay Gap reporting where required.
- Regulator Engagement: act as a key contact for PRA/FCA interactions on remuneration matters and prepare supporting briefing materials for senior management.
- Offer Structuring: advise on recruitment offer structuring and organisational change implications from a regulatory compensation perspective.
- Leadership & Management
- Distributed Team Leadership: lead, develop, and mentor a geographically dispersed compensation team with members based across London, Frankfurt, and Budapest.
- Senior Stakeholder Engagement: present compensation matters to Board‑level audiences, RemCo members, and senior executives, translating complex regulatory requirements into clear, actionable narratives.
- Cross‑Functional Collaboration: partner with global compensation colleagues, Employment Legal, Tax, Finance, Risk, Compliance, and Regulatory Relations to ensure alignment across jurisdictions.
- Innovation: drive continuous improvement in compensation processes and promote the adoption of AI and technology tools to simplify and enhance delivery.
Qualifications
- 10–15 years of progressive compensation experience in financial services, with significant exposure to both BU compensation advisory and regulatory remuneration.
- Deep knowledge of EMEA regulatory frameworks including CRD IV/V/VI, EBA Guidelines, PRA/FCA Remuneration Codes, and IFR/UCITS/AIFMD.
- Understanding of executive compensation, deferred compensation plans, and equity incentive programs.
- Hands‑on experience with MRT identification, deferral structures, malus/clawback, pay‑out in instruments, and regulatory disclosures.
- Proven ability to present to and influence Board‑level committees, Remuneration Committees, and external regulators.
- Strong leadership experience managing geographically distributed teams.
- Advanced analytical skills with proficiency in Microsoft Office, compensation benchmarking tools and AI products.
- Bachelor’s degree in HR, Finance, Business, Economics, Law, or a related field.
- Preferred:
- Experience in a dual‑regulated (PRA/FCA) global investment bank or financial institution.
- Familiarity with the EU Wage Transparency Directive, Gender Pay Gap reporting, and CSRD implications.
- Strategic thinking that connects compensation strategy to business objectives across a complex, multi‑jurisdictional regulatory environment.
- Regulatory acumen that balances evolving compliance obligations with commercial pragmatism.
- Communication & influence skills that distill complex regulatory topics into clear narratives for diverse senior audiences.
- Analytical rigor that translates data into actionable insights and sound recommendations.
- Collaboration skills that build effective relationships across functions, geographies, and levels of seniority.
- Integrity & discretion in handling sensitive compensation and personnel data.
Benefits
Morgan Stanley offers a wide range of investment banking, securities, wealth management and asset management services. Employees enjoy comprehensive benefits and perks that support their professional and personal well‑being.
Equal Opportunity Employer
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce reflects a broad cross‑section of the global communities in which we operate and is committed to hiring, developing, and advancing individuals based on their skills and talents.
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