IIS Risk Officer

Morgan Stanley•South River, NJ

11d

About The Position

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Morgan Stanley Wealth Management (MSWM) has over $6.5 trillion under management and is one of the world’s largest networks of Financial Advisors. Institutional Infrastructure Solutions (IIS) is an institutional branch that provides world-class service to Morgan Stanley’s institutional and family office clients. IIS supports clients in partnership with Financial Advisors, our Outsourced Chief Investment Office (OCIO) and WM Operations. IIS specifically supports all client service model execution processes including Client Onboarding and Maintenance, Money Movement, Asset Aggregation and Accounting, Billing, and Client/IO Reporting. The Institutional Risk Officer is a senior position in IIS responsible for a wide variety of supervisory, compliance, and risk functions. The Institutional 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 and Fund Services policies, and other regulations. The Institutional Risk Officer keeps the Senior Institutional Risk Officer informed of significant matters.

Requirements

Bachelor’s degree required or equivalent education or experience
5-10 years of experience in the financial, consulting, or banking industry
Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66)
Strong knowledge of SEC, FINRA Rules and Regs including Investment and Product Knowledge
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 lead discussions including with senior managers, legal, and compliance partners
Excellent judgment and the ability to be discreet in all matters
Strong work ethic

Nice To Haves

Series 24 a plus

Responsibilities

Primary responsibility for all risk, supervisory, and compliance functions for one or more groups of Support personnel and multiple MFO clients
Facilitates any supervisory inquiry or process that requires escalation
Focuses on business ethics and regulatory and compliance practices
Provides coaching and guidance on policies and procedures across IIS 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
Specifically supervise all money movement and trade execution activities within the IIS branch inclusive of transactions executed on the Fund Services and outside Custodial platforms
Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner
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
Ensures appropriate supervisory coverage is maintained at all times
Oversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensuring the Branch 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 Senior Institutional Risk Officer to monitor people risk, and ensures appropriate action is taken
In partnership with the Portfolio Manager, responsible for proactive client contact in determining suitability and managing risk
Primary source for intelligence on risk in regard to clients and personnel