Risk Officer

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 has accountability for maintaining a consistent controlled environment through adherence of business ethics and practices and adherence to all applicable Federal, State and Local laws, Morgan Stanley Wealth Management policies, and other regulations. Then the Risk Officer keeps the Senior Risk Officer informed of significant matters. The Risk Officer role is a non-revenue sharing position that reports to the Senior 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

Ensure 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

Active involvement with the region regarding matters presented to the Credit Committee

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 on boarding 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

Reports To

Senior Risk Officer

What You Can Expect From Morgan Stanley

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

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.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.