Risk Officer

About the role

The Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Risk Officer, the Risk Officer maintains a consistent controlled environment through adherence to business ethics and practices and compliance with all applicable Federal, State, and Local laws, Morgan Stanley Wealth Management policies, and other regulations. The Risk Officer keeps the Senior Risk Officer informed of significant matters. This is a non-revenue sharing position that reports to the Senior Risk Officer.

Responsibilities

• Primary responsibility for all risk, supervisory, and compliance functions for respective branch location(s).
• Facilitates any supervisory inquiry or process requiring escalation from the Senior Risk Officer and/or the Regional Risk Officer.
• Focuses on business ethics and regulatory and compliance practices.
• Provides coaching and guidance on policies and procedures to promote risk awareness and a compliant environment.
• Ensures proper procedures are in place for timely and appropriate approvals.
• Monitors and implements procedures to manage all facets of risk, including data security.
• Facilitates regular and consistent communication of Morgan Stanley Wealth Management policies and other regulations.
• Liaises with the Legal and Compliance Division regarding customer complaints and litigation.
• Ensures appropriate supervisory coverage is maintained at all times, in collaboration with the Market Manager and Senior Risk Officer.
• Oversees responsibilities outlined in the Branch Supervisory Manual and ensures the Market has procedures in place for new policies.
• Supports preparation for and response to audits, ensuring audit findings are appropriately addressed and remediated.
• Works with the Market Manager and Senior Risk Officer to monitor people risk and ensures appropriate action is taken.
• Proactively contacts clients to determine suitability and manage risk.
• Actively involved with the region regarding matters presented to the Credit Committee.
• Serves as the primary source for intelligence on risk related to clients and Financial Advisors (FAs).
• Works closely with the Special Investigation Unit on Human Resources issues related to risk and compliance.
• Facilitates training on Morgan Stanley Wealth Management compliance policies and procedures.
• Assists in the review and onboarding of FA recruits.

Qualifications

• Bachelor’s degree required or equivalent education or experience.
• Previous industry experience.
• Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66) licenses.
• Other licenses as required for the role or by management.

Skills

• Knowledge of SEC, FINRA, and Firm Compliance Policies and Procedures.
• Effective written and verbal communication skills.
• Strong attention to detail.
• Ability to prioritize and resolve complex problems, escalating as necessary.
• Ability to identify issues and trends to anticipate change and provide recommended solutions.
• Evidence of strong leadership capabilities or previous supervisory experience.
• Ability to organize and prioritize workflow in a deadline-oriented environment.
• Ability to interact with Financial Advisors and clients.
• Excellent judgment and discretion.
• Strong work ethic.

Pay

Salary range for the position: $120,000 - $170,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award and participation in the relevant business unit’s incentive compensation plan, which may include a discretionary bonus component.

Benefits

• Medical, Prescription Drug, Dental, and Vision coverage.
• Health Savings Account and Dependent Day Care Savings Account.
• Life Insurance, Disability, and Other Insurance Plans.
• Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave, and 20 Vacation Days annually).
• 10 Paid Holidays.
• 401(k) plan.
• Short/Long Term Disability coverage.
• Additional special perks reserved for employees.

For more details, visit mybenefits.morganstanley.com.