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
  • 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 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
• Evidence of strong leadership capabilities or previous supervisory experience
• Ability to organize and prioritize workflow and assignments in a deadline oriented environment
• Excellent judgment and the ability to be discreet in all matters
• Strong work ethic

Pay

Expected base pay rates for the role will be between $120,000 - $165,000 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.

Schedule

Not specified

Benefits

Not specified

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
• Evidence of strong leadership capabilities or previous supervisory experience
• Ability to organize and prioritize workflow and assignments in a deadline oriented environment
• Excellent judgment and the ability to be discreet in all matters
• Strong work ethic