Risk Officer

Duties And Responsibilities

• Surveillance and Supervision
  • Primary responsibility for all risk, supervisory, and compliance function for respective branch location(s)
  • Facilitates any supervisory inquiry or process that requires 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 in order to promote risk awareness and a compliant environment
  • Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely
• Risk Management/Compliance/Legal
  • 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 with customer complaints and litigation
  • Together with the Market Manager and Senior Risk Officer, ensures appropriate supervisory coverage is maintained at all times
  • Oversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the Market has procedures in place
  • Supports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
  • Works with Market Manager and Senior Risk Officer to monitor people risk, and ensures appropriate action is taken
  • Responsible for proactive client contact in determining suitability and managing risk
  • Primary source for intelligence on risk in regard to clients and FAs
• Administrative
  • Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance
  • Together with the Senior Risk Officer facilitates the training on Morgan Stanley Wealth Management compliance policies and procedures
  • Assists in the review and onboarding of FA recruits

Qualifications

• External Education and/or Experience
  • 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)
  • Other licenses as required for role or by management
• Knowledge/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 and escalate as necessary
  • Ability to identify issues and trends in order to anticipate change and provide recommended comprehensive solutions and remedies
  • Evidence of strong leadership capabilities or previous supervisory experience
  • Ability to organize and prioritize workflow 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 work ethic

Pay

Salary range for the position: $120,000 - $160,000 per year.

The successful candidate may be eligible for an annual discretionary incentive compensation award.

The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component.

Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, 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), and Short/Long Term Disability, in addition to other special perks reserved for our employees.

Please visit mybenefits.morganstanley.com to learn more about our benefit offerings.