Sr. Risk Officer

POSITION SUMMARYThe 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.DUTIES and RESPONSIBILITIESSurveillance and SupervisionPrimary responsibility for all risk, supervisory, and compliance functions for the MarketCommunicates and facilitates any supervisory inquiry or process that requires escalation from the Market to the Regional Risk OfficerFocuses on business ethics and regulatory and compliance practicesProvides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment within the MarketEnsures proper procedures are in place to ensure that approvals are handled appropriately and timelyManages the Market Risk Officers within the Market to ensure consistent regulatory and compliance practicesEnsures procedures are in place for self-audits.Risk Management/Compliance/LegalMonitors and implements procedures to manage all facets of risk, including data security, across the MarketFacilitates regular and consistent communication of Morgan Stanley Wealth Management policies and other regulationsLiaises with the Legal and Compliance Division with customer complaints and litigationTogether 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 remediatedWorks with Market Executive and Market Risk Officers to monitor people risk, and ensures appropriate action is takenResponsible for proactive client contact within the Market in determining suitability and managing riskActive involvement with the region regarding matters presented to the Credit CommitteePrimary source for intelligence on risk in regard to clients and FAsActive involvement with margin and credit decisionsAdministrativeWorks closely with Special Investigation Unit on any Human Resources issues as related to risk and complianceTogether with the Market Risk Officers in the Market, facilitates the training of all personnel on Morgan Stanley Wealth Management compliance policies and proceduresAssists in the review and on boarding of FA recruitsEducation and/or ExperienceBachelor’s degree required or equivalent education or experiencePrevious industry experienceActive Series 3, 7, 8 (or 9 and 10), and 63, 65 (or 66)Other licenses as required for role or by managementKnowledge/SkillsKnowledge of SEC, FINRA and Firm Compliance Policies and ProceduresEffective written and verbal communication skillsStrong attention to detailAbility to prioritize and resolve complex problems and escalate as necessaryAbility to identify issues and trends in order to anticipate change and provide recommended comprehensive solutions and remediesEvidence of strong leadership capabilities or previous supervisory experienceAbility to organize and prioritize workflow and assignments in a deadline oriented environmentAbility to interact with Financial Advisors and clientsExcellent judgment and the ability to be discreet in all mattersStrong work ethicReports toDual reporting: Market Executive and Regional Risk OfficerDirect reportsWHAT 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 - aren’t just beliefs, they guide the decisions we make every day 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 into your browser.Expected base pay rates for the role will be between $170,000 and $215,000 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 : . #J-18808-Ljbffr Morgan-Stanley