Morgan Stanley
Position
Risk Officer VP at Morgan Stanley Role Overview: The Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Risk Officer, the Risk Officer maintains a consistent controlled environment through adherence to business ethics and practices and compliance with all applicable Federal, State and Local laws, Morgan Stanley Wealth Management policies, and other regulations. The Risk Officer keeps the Senior Risk Officer informed of significant matters. The Risk Officer role is a non-revenue sharing position that reports to the Senior Risk Officer.
Duties and Responsibilities
Surveillance and Supervision: Primary responsibility for all risk, supervisory, and compliance function for respective branch location(s).
Facilitate supervisory inquiries or processes requiring escalation from the Senior Risk Officer and/or the Regional Risk Officer.
Focus on business ethics and regulatory and compliance practices.
Provide coaching and guidance on policies and procedures to promote risk awareness and a compliant environment.
Ensure proper procedures are in place to ensure approvals are handled appropriately and timely.
Risk Management / Compliance / Legal
Monitor and implement procedures to manage all facets of risk, including data security.
Facilitate regular and consistent communication of Morgan Stanley Wealth Management policies and other regulations.
Liaise with the Legal and Compliance Division regarding customer complaints and litigation.
Ensure appropriate supervisory coverage is maintained at all times with Market Manager and Senior Risk Officer.
Oversee responsibilities in the Branch Supervisory Manual and new policies to ensure the Market has procedures in place.
Support preparation for and response to audits, and ensure audit findings are remediated.
Monitor people risk and ensure appropriate action is taken.
Responsible for proactive client contact in determining suitability and managing risk.
Engage with the region regarding matters presented to the Credit Committee.
Act as the primary source for intelligence on risk related to clients and Financial Advisors.
Administrative
Collaborate with the Special Investigation Unit on HR issues related to risk and compliance.
Assist in training on Morgan Stanley Wealth Management compliance policies and procedures.
Assist in the review and onboarding of Financial Advisor recruits.
Education and/or Experience
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).
Other licenses as required for role or by management.
Knowledge / Skills
Knowledge of SEC, FINRA and Firm Compliance Policies and Procedures.
Effective written and verbal communication skills.
Strong attention to detail and ability to prioritize and resolve complex problems.
Ability to identify issues and trends to anticipate change and provide solutions.
Leadership capabilities or previous supervisory experience.
Ability to organize and prioritize workflow in a deadline-oriented environment.
Ability to interact with Financial Advisors and clients; excellent judgment and discretion.
Strong work ethic.
Reports To
Senior Risk Officer
What You Can Expect From Morgan Stanley Morgan Stanley is committed to maintaining a first-class service and high standard of excellence. Our values include putting clients first, doing the right thing, leading with exceptional ideas, diversity and inclusion, and giving back. We support our employees and their families with comprehensive benefits and opportunities for growth across offices globally.
Salary range for the position: $110,000 - $190,000 per year. The successful candidate may be eligible for annual discretionary incentive compensation and participation in applicable incentive plans. Morgan Stanley offers a full spectrum of benefits, including medical, prescription drug, dental, vision, health savings account, life insurance, disability, paid time off, holidays, 401(k), and more. For details, please visit mybenefits.morganstanley.com.
Equal Employment Opportunity Statement Morgan Stanley is an equal opportunity employer committed to diversifying its workforce. We prohibit discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender status, sexual orientation, national origin, citizenship, disability, marital or civil partnership status, pregnancy, veteran or military status, genetic information, or any other characteristic protected by law.
Seniority level Executive
Employment type Full-time
Job function Finance and Sales
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Risk Officer VP at Morgan Stanley Role Overview: The Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Risk Officer, the Risk Officer maintains a consistent controlled environment through adherence to business ethics and practices and compliance with all applicable Federal, State and Local laws, Morgan Stanley Wealth Management policies, and other regulations. The Risk Officer keeps the Senior Risk Officer informed of significant matters. The Risk Officer role is a non-revenue sharing position that reports to the Senior Risk Officer.
Duties and Responsibilities
Surveillance and Supervision: Primary responsibility for all risk, supervisory, and compliance function for respective branch location(s).
Facilitate supervisory inquiries or processes requiring escalation from the Senior Risk Officer and/or the Regional Risk Officer.
Focus on business ethics and regulatory and compliance practices.
Provide coaching and guidance on policies and procedures to promote risk awareness and a compliant environment.
Ensure proper procedures are in place to ensure approvals are handled appropriately and timely.
Risk Management / Compliance / Legal
Monitor and implement procedures to manage all facets of risk, including data security.
Facilitate regular and consistent communication of Morgan Stanley Wealth Management policies and other regulations.
Liaise with the Legal and Compliance Division regarding customer complaints and litigation.
Ensure appropriate supervisory coverage is maintained at all times with Market Manager and Senior Risk Officer.
Oversee responsibilities in the Branch Supervisory Manual and new policies to ensure the Market has procedures in place.
Support preparation for and response to audits, and ensure audit findings are remediated.
Monitor people risk and ensure appropriate action is taken.
Responsible for proactive client contact in determining suitability and managing risk.
Engage with the region regarding matters presented to the Credit Committee.
Act as the primary source for intelligence on risk related to clients and Financial Advisors.
Administrative
Collaborate with the Special Investigation Unit on HR issues related to risk and compliance.
Assist in training on Morgan Stanley Wealth Management compliance policies and procedures.
Assist in the review and onboarding of Financial Advisor recruits.
Education and/or Experience
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).
Other licenses as required for role or by management.
Knowledge / Skills
Knowledge of SEC, FINRA and Firm Compliance Policies and Procedures.
Effective written and verbal communication skills.
Strong attention to detail and ability to prioritize and resolve complex problems.
Ability to identify issues and trends to anticipate change and provide solutions.
Leadership capabilities or previous supervisory experience.
Ability to organize and prioritize workflow in a deadline-oriented environment.
Ability to interact with Financial Advisors and clients; excellent judgment and discretion.
Strong work ethic.
Reports To
Senior Risk Officer
What You Can Expect From Morgan Stanley Morgan Stanley is committed to maintaining a first-class service and high standard of excellence. Our values include putting clients first, doing the right thing, leading with exceptional ideas, diversity and inclusion, and giving back. We support our employees and their families with comprehensive benefits and opportunities for growth across offices globally.
Salary range for the position: $110,000 - $190,000 per year. The successful candidate may be eligible for annual discretionary incentive compensation and participation in applicable incentive plans. Morgan Stanley offers a full spectrum of benefits, including medical, prescription drug, dental, vision, health savings account, life insurance, disability, paid time off, holidays, 401(k), and more. For details, please visit mybenefits.morganstanley.com.
Equal Employment Opportunity Statement Morgan Stanley is an equal opportunity employer committed to diversifying its workforce. We prohibit discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender status, sexual orientation, national origin, citizenship, disability, marital or civil partnership status, pregnancy, veteran or military status, genetic information, or any other characteristic protected by law.
Seniority level Executive
Employment type Full-time
Job function Finance and Sales
#J-18808-Ljbffr