Senior Institutional Risk Officer

Morgan Stanley•Tempe, AZ

8d•$120,000 - $170,000•Onsite

About The Position

The Senior Institutional Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions related to the Institutional Infrastructure Solutions (IIS) Market. In conjunction with the Market Executive and other Institutional Risk Officers within the Market, the Senior Institutional Risk Officer has accountability in the Market for maintaining a consistent control 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. The Senior Institutional Risk Officer keeps the Market Executive and other senior business leaders informed of significant matters within the Market and must determine when the Market Executive, other Branch Managers within the Market and/or Head of Institutional Risk Officers should be directly involved.

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)
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 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 interact with Financial Advisors, senior business partners, and clients
Excellent judgment and the ability to be discreet in all matters
Strong work ethic

Responsibilities

Primary responsibility for all risk, supervisory, and compliance functions for the Market
Communicates and facilitates any supervisory inquiry or process that requires escalation from the Market to the Head of Institutional Risk Officers
Focuses on business ethics and regulatory and compliance practices
Provides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment within the Market
Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely
Manages the Institutional Risk Officers within the Market to ensure consistent supervisory practices
Ensures procedures are in place for self-audits.
Monitors and implements procedures to manage all facets of risk, including data security, across the Market
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 across the Market as required by Firm policy
Oversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the market has procedures in place
Is responsible for the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
Works with Market Executive and Institutional Risk Officers to monitor people risk, and ensures appropriate action is taken
Primary source for intelligence on risk in regard to clients and FAs
Active involvement with margin and credit decisions
Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance
Facilitates the training of all personnel on Morgan Stanley Wealth Management compliance policies and procedures
Runs or assists with various projects as needed