Sr. Risk Officer

Morgan Stanley•San Francisco, CA

About The Position

The Senior Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions related to the Market. In conjunction with the Market Executive and other Risk Officers within the Market, the Senior 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 Risk Officer keeps the Market Executive informed of significant matters within the Market and must determine when the Market Executive, other Branch Managers within the Market and/or Regional Risk Officer should be directly involved. The PWM Senior Risk Officer role is a non-revenue sharing position that has dual straight line reporting to the Market Executive and Regional Risk Officer.

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

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
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
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
Together with the Market Risk Officers in the Market, facilitates the training of all personnel on Morgan Stanley Wealth Management compliance policies and procedures
Assists in the review and on boarding of FA recruits