Sr. Risk Officer

Sr. 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

Responsibilities

• Primary responsibility for all risk, supervisory, and compliance functions for the Complex
• Communicates and facilitates any supervisory inquiry or process that requires escalation from the Complex 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 Complex
• Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely
• Manages the Complex Risk Officers within the Complex 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 Complex
• 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 Complex Manager and Complex Risk Officers, ensures appropriate supervisory coverage is maintained at all times across the Complex as required by Firm policy
• Oversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the complex 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 Complex Manager and Complex Risk Officers to monitor people risk, and ensures appropriate action is taken
• Responsible for proactive client contact within the Complex 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 Complex Risk Officers in the Complex, 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

Preferred Qualifications

No preferred qualifications provided.