Job Type
Full Time
Job Details
POSITION SUMMARY:
The Complex Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Complex Risk Officer, the Complex 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 Complex Risk Officer keeps the Senior Complex Risk Officer informed of significant matters. The Complex Risk Officer role is a non-revenue sharing position that has dual reporting to the Complex Manager and Senior Complex Risk Officer.
DUTIES and RESPONSIBILITIES:
Surveillance and Supervision
- Primary responsibility for all risk, supervisory, and compliance function for respective branch location(s)
- Facilitates any supervisory inquiry or process that requires escalation from the Senior
Complex 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 in order to promote risk awareness and a compliant environment
- Ensure proper procedures are in place to ensure that approvals are handled appropriately and timely
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 with customer complaints and litigation
- Together with the Complex Manager and Senior Complex 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 Complex has procedures in place
- Supports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
- Works with Complex Manager and Senior Complex 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 in regard to clients and FAs
Administrative
- Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance.
- Together with the Senior Complex Risk Officer facilitates the training on Morgan Stanley Wealth Management compliance policies and procedures.
- Assists in the review and on boarding of FA 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
- 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
Reports to:
- Dual reporting: Complex Manager and Senior Complex Risk Officer
Expected base pay rates for the role will be between $120,000 and $160,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. 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.
Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).
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