National Risk Officer
Duties And Responsibilities
- Primarily responsible for all risk, supervisory, and compliance functions for respective branch location(s)
- Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner
- Support increased Risk Officer workload due to remediation requirements, new FA/FAA recruits onboarding, etc.
- Fills coverage and/or resource gaps resulting from temporary Risk Officer attrition, shortages (e.g., turnover, resignations, etc.)
- Afford assistance to Markets during periods of high-volume supervisory alerts
- Manage and respond to senior or vulnerable adult, financial exploitation, diminished capacity, or other concerns affecting Morgan Stanley’s senior or vulnerable clients
- Facilitate any supervisory inquiry or process that requires escalation from the Senior Risk Officer (SRO) and/or the Associate/Regional Risk Officer (ARRO)
- Provide coaching, guidance, and education to Financial Advisors on policies and procedures to promote risk awareness and a compliant environment
- Interview clients where necessary, and collaborate with internal partners in Legal, Compliance, Risk and Business to formulate adequate responses to close matters and/or pending supervisory alerts
- Liaise with the Legal and Compliance Division to respond to customer complaints and litigation
- Support the preparation for and response to all branch exams and internal audits, and ensure that any audit findings are appropriately responded to and remediated
Requirements
- Bachelor’s degree or equivalent work experience
- Previous industry experience
- Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66)
- Other licenses as required for role or by management
- Strong knowledge of SEC, FINRA Rules and Regs including Investment and Product Knowledge
- Knowledge of applicable laws and regulations pertaining to senior or vulnerable adult matters preferred
Skills
- Effective written and verbal communication skills
- Ability to prioritize and resolve complex problems and escalate as necessary
- Ability to identify issues and trends in order to anticipate change and provide recommended comprehensive solutions and remedies
- Ability to organize and prioritize tasks and assignments in a deadline-oriented environment
- Ability to interact with Financial Advisors and clients
- Excellent judgment and the ability to be discreet in all matters
- Strong quantitative and analytical skills
- High motivation and energy with ability to develop strong working relationships
- A calm demeanor and ability to work on multiple tasks at one time
- Self-starter with a strong attention to detail
- Ability and willingness to voice ideas, in addition to following instructions
- Proficiency in MS Office, PowerPoint, Excel
Benefits
Expected base pay rates for the role will be between $120,000 and $160,000 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.
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.
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