National Risk Officer

Morgan Stanley•New York, NY

41d•$120,000 - $160,000

About The Position

The National Risk Officer is responsible for a wide variety of supervisory, compliance and risk functions. In conjunction with the Senior Risk Officer (SRO) and the Associate/Regional Risk Officer (ARRO/RRO), the National 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. Additionally, the National Risk Officer keeps the Market and Region informed of significant matters and is a non-revenue sharing position that has dual reporting to the Head of the Centralized Review Unit (CRU) and the Associate Regional Risk Officer (ARRO). Finally, this position will support various risk and supervisory functions for a single Market and/or multiple Markets within a single Region and may provide Risk Officer coverage for functions specific to a single Market, a single Branch, or multiple branches within a Region.

Requirements

Bachelor's degree or equivalent work 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
Strong knowledge of SEC, FINRA Rules and Regs including Investment and Product Knowledge
Effective written and verbal communication skills
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
Ability to organize and prioritize tasks 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 quantitative and analytical skills
High motivation and energy with ability to develop strong working relationships
A calm demeanor and ability to work on multiple tasks at one time
Self-starter with a strong attention to detail
Ability to work well with colleagues across a diverse range of working groups in a fast-paced environment
Excellent problem-solving and business judgment
Strong organizational, planning and time management skills
Ability and willingness to voice ideas, in addition to following instructions
Proficiency in MS Office, PowerPoint, Excel

Nice To Haves

Knowledge of applicable laws and regulations pertaining to senior or vulnerable adult matters preferred

Responsibilities

Primarily responsible for all risk, supervisory, and compliance functions for respective branch location(s)
Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner
Support increased Risk Officer workload due to remediation requirements, new FA/FAA recruits onboarding, etc.
Fill coverage and/or resource gaps resulting from temporary Risk Officer attrition, shortages (e.g., turnover, resignations, etc.)
Assist Markets during periods of high-volume supervisory alerts
Manages and responds to senior or vulnerable adult, financial exploitation, diminished capacity, or other concerns affecting Morgan Stanley's senior or vulnerable clients
Facilitates any supervisory inquiry or process that requires escalation from the Senior Risk Officer (SRO) and/or the Associate/Regional Risk Officer (ARRO/RRO)
Provides coaching, guidance, and education to Financial Advisors on policies and procedures to promote risk awareness and a compliant environment
Interview clients where necessary, and collaborates with internal partners in Legal, Compliance, Risk and Business to formulate adequate responses to close matters and/or pending supervisory alerts
Liaises with the Legal and Compliance Division to respond to customer complaints and litigation
Supports the preparation for and response to all branch exams and internal audits, and ensures that any audit findings are appropriately responded to and remediated
National Risk Officers may travel to different Markets within the Region to provide support, as needed