Risk Officer
Risk Officer
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Job Description
The Risk Officer is responsible for a wide variety of supervisory compliance and risk 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 Complex 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
- Bachelors 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 market 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:
We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll 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. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
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Morgan Stanleys 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.
It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race color religion creed age sex sex stereotype gender gender identity or expression transgender sexual orientation national origin citizenship disability marital and civil partnership/union status pregnancy veteran or military service status genetic information or any other characteristic protected by law.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
Required Experience:
Unclear Seniority
Employment Type
Full-Time
