Sr. Risk Officer

Morgan Stanley•Millburn, NJ

1d•$170,000 - $215,000

About The Position

Surveillance and Supervision 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 Regional Risk Officer 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 Market Risk Officers within the Market to ensure consistent regulatory and compliance 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 Liaises with the Legal and Compliance Division with customer complaints and litigation Together with the Market Executive and Market Risk Officers, 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 Market Risk Officers to monitor people risk, and ensures appropriate action is taken Responsible for proactive client contact within the Market in determining suitability and managing risk Active involvement with the region regarding matters presented to the Credit Committee 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 Assists in the review and on boarding of FA recruits We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $170,000 - $215,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

Bachelor's degree required or equivalent education or experience
Previous industry experience
Active Series 3, 7, 8 (or 9 and 10), and 63, 65 (or 66)
Other licenses as required for 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 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 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 Regional Risk Officer
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 Market Risk Officers within the Market to ensure consistent regulatory and compliance 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
Liaises with the Legal and Compliance Division with customer complaints and litigation
Together with the Market Executive and Market Risk Officers, 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 Market Risk Officers to monitor people risk, and ensures appropriate action is taken
Responsible for proactive client contact within the Market in determining suitability and managing risk
Active involvement with the region regarding matters presented to the Credit Committee
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
Assists in the review and on boarding of FA recruits