Risk Officer

Morgan Stanley•Melville, NY

About The Position

The Risk Officer performs supervisory, compliance, and risk functions for assigned branch locations. In conjunction with the Senior Risk Officer, the role helps maintain a controlled environment by promoting ethical business practices and adherence to applicable laws, regulations, and Morgan Stanley Wealth Management policies. The Risk Officer keeps the Senior Risk Officer informed of significant matters. This is a non-revenue-sharing position and reports to the Senior Risk Officer.

Requirements

Bachelor’s degree or equivalent education or experience.
Previous industry experience.
Active Series 7, Series 8 (or Series 9 and 10), and Series 63 and 65 (or Series 66) licenses.
Other licenses as required for the role or by management.
Knowledge of SEC and FINRA requirements 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 or processes escalated by the Senior Risk Officer or Regional Risk Officer.
Promote business ethics and regulatory and compliance practices through coaching and guidance on policies and procedures.
Ensure approval procedures are appropriate and completed in a timely manner.
Monitor and implement procedures to manage risk, including data security.
Communicate Morgan Stanley Wealth Management policies and other regulations regularly and consistently.
Liaise with the Legal and Compliance Division regarding customer complaints and litigation.
Work with the Market Manager and Senior Risk Officer to maintain appropriate supervisory coverage.
Oversee responsibilities in the Branch Supervisory Manual and help ensure the Market has procedures for new policies.
Support audit preparation and responses, and ensure audit findings are addressed and remediated.
Work with the Market Manager and Senior Risk Officer to monitor people risk and ensure appropriate action is taken.
Contact clients proactively 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 client and Financial Advisor risk.
Work 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 reviewing and onboarding Financial Advisor recruits.