Risk Officer

Morgan Stanley•Nashville, TN

About The Position

The Risk Officer is responsible for supervisory, compliance, and risk functions for assigned branch locations. In conjunction with the Senior Risk Officer, the role helps maintain a consistent controlled environment through adherence to business ethics and practices, applicable Federal, State, and Local laws, Morgan Stanley Wealth Management policies, and other regulations. The Risk Officer keeps the Senior Risk Officer informed of significant matters. This is a non-revenue-sharing position with dual reporting to the Complex Manager and Senior Risk Officer. The role oversees surveillance and supervision, risk management, compliance, legal coordination, and administrative responsibilities. It includes promoting risk awareness, ensuring appropriate supervisory processes and coverage, supporting audits and remediation, handling risk-related client and personnel matters, and helping train Financial Advisors and staff on compliance policies and procedures.

Requirements

Bachelor’s degree or equivalent education or experience.
Previous industry experience.
Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66) licenses.
Other licenses as required for the role or by management.
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, anticipate change, and recommend 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 discretion in all matters.
Strong work ethic.

Responsibilities

Oversee risk, supervisory, and compliance functions for assigned branch locations.
Facilitate supervisory inquiries and processes requiring escalation from the Senior Complex Risk Officer and/or Regional Risk Officer.
Promote business ethics and regulatory and compliance practices; coach and guide staff on policies and procedures to encourage a compliant environment.
Ensure procedures are in place so approvals are handled appropriately and in a timely manner.
Monitor and implement procedures to manage all facets of risk, including data security.
Facilitate regular and consistent communication of Morgan Stanley Wealth Management policies and other regulations.
Liaise with the Legal and Compliance Division regarding customer complaints and litigation.
Work with the Complex Manager and Senior Risk Officer to ensure appropriate supervisory coverage is maintained at all times.
Oversee responsibilities outlined in the Branch Supervisory Manual and ensure the Complex has procedures in place for new policies.
Support audit preparation and responses, and ensure audit findings are appropriately addressed and remediated.
Work with the Complex Manager and Senior Risk Officer to monitor people risk and ensure appropriate action is taken.
Proactively contact clients to determine suitability and manage risk.
Participate with the region in matters presented to the Credit Committee.
Serve as a primary source of intelligence on risk relating to clients and Financial Advisors.
Work closely with the Special Investigation Unit on Human Resources issues related to risk and compliance.
Facilitate training on Morgan Stanley Wealth Management compliance policies and procedures with the Senior Risk Officer.
Assist with the review and onboarding of Financial Advisor recruits.
Keep the Senior Risk Officer informed of significant matters.