Ms. Downing is an Executive Director and global head of Operations Tax Compliance at Morgan Stanley.  She oversees the firm’s FATCA, Qualified Intermediary and Qualified Derivatives Dealer Compliance Program for the firm’s Expanded Affiliate Group of legal entities across the Americas, EMEA and Asia.  Ms. Downing also oversees Morgan Stanley’s Firmwide Operational Tax Governance program management office, responsible for communicating key operational tax risks and control initiatives to Divisional leadership.

Prior to joining Morgan Stanley in 2017, Ms. Downing spent 12 years at Goldman Sachs managing functions across Compliance, Tax Operations and Derivative Operations. She has lectured on a variety of International Swaps and Derivative Association (ISDA) panels regarding derivatives documentation and chaired CDX and Equity Derivative industry working groups.  Ms. Downing also led the derivatives industry effort to frame commitments to the Federal Reserve Bank of New York regarding targets on derivatives clearing and confirmations.

Ms. Downing has more than 20 years of legal and financial services experience and holds a J.D. from Cornell University Law School and a B.A., Magna Cum Laude from Bowdoin College.