National Risk Officer

: National Risk Officer

Job Number:

3249172

POSTING DATE: Mar 26, 2024 PRIMARY LOCATION: Americas-United States of America-California-San Francisco EDUCATION LEVEL: Bachelor's Degree JOB: Wealth Management EMPLOYMENT TYPE: Full Time JOB LEVEL: Vice President

DESCRIPTION

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The National Risk Officer is responsible for a wide variety of supervisory, compliance and risk functions. In conjunction with the Senior Risk Officer (SRO) and the Associate/Regional Risk Officer (ARRO/RRO), the National 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. Additionally, the National Risk Officer keeps the Market and Region informed of significant matters and is a non-revenue sharing position that has dual reporting to the Head of the Centralized Review Unit (CRU) and the Associate Regional Risk Officer (ARRO). Finally, this position will support various risk and supervisory functions for a single Market and/or multiple Markets within a single Region and may provide Risk Officer coverage for functions specific to a single Market, a single Branch, or multiple branches within a Region.

LOCATION: Varies, limited to the United States. The candidate may travel to different Branches/Markets within the Region to provide support, as needed.

DUTIES AND RESPONSIBILITIES:

• Primarily responsible for all risk, supervisory, and compliance functions for respective branch location(s)

• Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner

• Support increased Risk Officer workload due to remediation requirements, new FA/FAA recruits onboarding, etc.

• Fill coverage and/or resource gaps resulting from temporary Risk Officer attrition, shortages (e.g., turnover, resignations, etc.)

• Assist Markets during periods of high-volume supervisory alerts

• Manages and responds to senior or vulnerable adult, financial exploitation, diminished capacity, or other concerns affecting Morgan Stanley's senior or vulnerable clients

• Facilitates any supervisory inquiry or process that requires escalation from the Senior Risk Officer (SRO) and/or the Associate/Regional Risk Officer (ARRO/RRO)

• Provides coaching, guidance, and education to Financial Advisors on policies and procedures to promote risk awareness and a compliant environment

• Interview clients where necessary, and collaborates with internal partners in Legal, Compliance, Risk and Business to formulate adequate responses to close matters and/or pending supervisory alerts

• Liaises with the Legal and Compliance Division to respond to customer complaints and litigation

• Supports the preparation for and response to all branch exams and internal audits, and ensures that any audit findings are appropriately responded to and remediated

• National Risk Officers may travel to different Markets within the Region to provide support, as needed

QUALIFICATIONS

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

• Strong knowledge of SEC, FINRA Rules and Regs including Investment and Product Knowledge

• Knowledge of applicable laws and regulations pertaining to senior or vulnerable adult matters preferred

• Effective written and verbal communication skills

• 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

• Ability to organize and prioritize tasks 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 quantitative and analytical skills

• High motivation and energy with ability to develop strong working relationships

• A calm demeanor and ability to work on multiple tasks at one time

• Self-starter with a strong attention to detail

• Ability to work well with colleagues across a diverse range of working groups in a fast-paced environment

• Excellent problem-solving and business judgment

• Strong organizational, planning and time management skills

• Ability and willingness to voice ideas, in addition to following instructions

• Proficiency in MS Office, PowerPoint, Excel

Fluency in Mandarin, Cantonese or Taiwanese highly desirable

Expected base pay rates for the role will be between $100000 and $180000 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).