Complex Products Risk Officer (CPRO) – Listed Derivatives & FX Forwards, Assistant Vice President

Morgan Stanley•Chicago, IL

55d•$85,000 - $140,000•Onsite

About The Position

The Complex Products Risk (CPR) team provides centralized oversight of Equity/Index Options, Futures, and Foreign Exchange (FX) Forwards activity, ensuring best-in-class supervision aligned with internal risk standards, controls, and policies. As a Complex Products Risk Officer (CPRO), you will deliver centralized, front-to-back supervision using exception-based risk management. You will partner closely with Financial Advisors and branch/complex leadership who support High Net Worth (HNW) and Ultra High Net Worth (UHNW) clients to enable responsible, compliant growth. This role is designed for ambitious, highly motivated professionals seeking broad exposure across complex products, meaningful ownership, and the opportunity to enhance supervisory excellence and influence risk supervision at scale.

Requirements

Experience in risk management, supervision, compliance, operations, or a related control function in a regulated financial services environment.
Working knowledge of relevant regulatory expectations (CFTC/NFA, FINRA/SEC, exchange rules).
Highly analytical, curious and detail-oriented investigator with strong problem-solving skills.
Demonstrated ability to identify issues and emerging trends, develop practical end-to-end solutions, manage complex workstreams independently, and prioritize effectively to deliver high-quality results within tight deadlines.
Exceptional written and verbal communication skills, with the ability to tailor messaging to the audience, drive alignment, and escalate matters with sound judgment and urgency when appropriate.

Nice To Haves

Active Series 7 and Series 9/10 are preferred.
Strong consideration for candidates also registered as Series 3, Series 4, and/or Series 24.

Responsibilities

Partner directly with Financial Advisors and Market leadership, supporting HNW/UHNW clients to address complex product risks, position concerns, and remediation actions in a timely, client-sensitive manner.
Translate complex product activity and exceptions into actionable guidance and escalation recommendations.
Communicate clearly and effectively with a wide range of stakeholder groups, including Financial Advisors, Branch/Complex Management, Local Risk Officers, Compliance, Legal, Operations, and senior Risk leadership, tailoring messages, details, and urgency to the audience.
Ensure adherence to Firm policies, supervisory standards, and internal controls, in alignment with applicable CFTC, NFA, FINRA, SEC, and exchange regulations.
Partner with stakeholders across Wealth Management (Risk, Compliance, Legal, Supervision, Operations, Branch/Complex leadership) to resolve items requiring escalation.
Provide Branch/Market management with clear, regular updates on emerging risks, patterns, and key themes.
Build awareness and adoption of CPR’s supervisory expectations, processes, and controls through proactive stakeholder engagement.
Conduct risk reviews of options strategies; drive communication and remediation for at-risk accounts.
Evaluate strategy-related risk concerns.
Monitor for exercise and assignment risk.
Provide oversight of FLEX options positions.
Conduct communications reviews and options trading activity reviews for relevant supervisory partners.
Perform front-to-back futures supervisory oversight across onboarding and ongoing monitoring (e.g., account opening/principal approvals, active account reviews, bridge account eligibility, periodic NFA Bylaw 1101 review).
Execute trade and position surveillance and controls (e.g., trade blotter reviews, position limits management, start-of-day/end-of-day positions-at-risk monitoring, supervision of EFP/EFS/EOO and block trading).
Manage risk limit governance and exceptions (e.g., pre-trade risk limit administration, trading limit approvals/escalations, hedge spot month exemption reviews, trading exceptions).
Oversee documentation, communications, and reporting (e.g., voice recording/VRCS requests and playback reviews, third-party research reviews, expirations/transfers oversight, updates to Branch/Complex management).
Provide onboarding and ongoing supervisory oversight for FX Forwards, including new account reviews/principal approvals and periodic program reviews.
Execute trading surveillance and manage limits and exception management for FX Forwards.
Support trading limit approvals/escalations; manage sales credit adjustments and ECP/sales credit exceptions for FX Forwards.

Benefits

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)
Short/Long Term Disability
Other special perks reserved for our employees