Risk Officer Wealth Management

PWM Risk Officer

The PWM Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Risk Officer, the Risk Officer has accountability for maintaining a consistent controlled 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 Risk Officer then 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 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 and appropriate handling of approvals.

Risk Management/Compliance/Legal

• Monitors and implements procedures to manage all facets of risk, including data security.
• Facilitates regular and consistent communication of Morgan Stanley Wealth Management policies and other regulations.
• Liaises with the Legal and Compliance Division regarding customer complaints and litigation.
• Together with the Market Manager and Senior Risk Officer, ensures appropriate supervisory coverage is maintained at all times.
• Oversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies, to ensure the Market has procedures in place.
• Supports preparation for and response to audits, and ensures audit findings are appropriately responded to and remediated.
• Works with Market Manager and Senior Risk Officer to monitor people risk and ensures appropriate action is taken.
• Responsible for proactive client contact in determining suitability and managing risk.
• Active involvement with the region regarding matters presented to the Credit Committee.
• Primary source for intelligence on risk concerning clients and FAs.

Administrative

• Works closely with Special Investigation Unit on any Human Resources issues related to risk and compliance.
• Together with the Senior Risk Officer, facilitates training on Morgan Stanley Wealth Management compliance policies and procedures.
• Assists in the review and onboarding of FA recruits.

Qualifications - External

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) licenses.
• Other licenses as required for the 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.
• 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 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

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. 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 - guide our decisions daily to do what's best for our clients, communities, and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. 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 $120,000 and $165,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

Key skills/competency

• Risk Management
• Compliance
• Regulatory Adherence
• Supervisory Functions
• Financial Services
• FINRA Regulations
• SEC Regulations
• Data Security
• Problem Solving
• Leadership