Risk Officer

Morgan Stanley • Newport Beach, CA

403d • $120,000 - $160,000

About The Position

The Risk Officer at Morgan Stanley is responsible for overseeing a variety of supervisory, compliance, and risk management functions within the Wealth Management division. This role ensures adherence to business ethics, regulatory compliance, and the implementation of risk management procedures. The Risk Officer works closely with the Senior Risk Officer to maintain a controlled environment and is accountable for managing risks associated with client interactions and financial advisors.

Requirements

• Bachelor's degree required or equivalent education or experience.
• Previous industry experience.
• Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66) licenses or other licenses as required for the role.
• 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 to anticipate change and provide comprehensive solutions.
• 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

• Primary responsibility for all risk, supervisory, and compliance functions for respective branch location(s).
• Facilitates any supervisory inquiry or process that requires escalation from the Senior Risk Officer and/or the Regional Risk Officer.
• Focuses on business ethics and regulatory and compliance practices.
• Provides coaching and guidance on policies and procedures to promote risk awareness and a compliant environment.
• Ensures proper procedures are in place for timely approvals.
• Monitors and implements procedures to manage all facets of risk, including data security.
• Facilitates regular communication of Morgan Stanley Wealth Management policies and regulations.
• Liaises with the Legal and Compliance Division regarding customer complaints and litigation.
• Ensures appropriate supervisory coverage is maintained at all times with the Market Manager and Senior Risk Officer.
• Oversees responsibilities outlined in the Branch Supervisory Manual and ensures new policies are implemented.
• Supports preparation for and response to audits, ensuring audit findings are remediated.
• Works with Market Manager and Senior Risk Officer to monitor people risk and take appropriate action.
• Responsible for proactive client contact in determining suitability and managing risk.
• Involved with the region regarding matters presented to the Credit Committee.
• Acts as the primary source for intelligence on risk concerning clients and Financial Advisors.
• Works closely with the Special Investigation Unit on Human Resources issues related to risk and compliance.
• Facilitates training on Morgan Stanley Wealth Management compliance policies and procedures.
• Assists in the review and onboarding of Financial Advisor recruits.

Benefits

• Competitive salary between $120,000 and $160,000 per year.
• Commission earnings and incentive compensation.
• Discretionary bonuses and other short and long-term incentive packages.
• Morgan Stanley sponsored benefit programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree