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 SupervisionPrimary responsibility for all risk, supervisory, and compliance function for respective branch location(s)Facilitates any supervisory inquiry or process that requires escalation from the SeniorComplex Risk Officer and/or the Regional Risk OfficerFocuses on business ethics and regulatory and compliance practicesProvides coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environmentEnsure proper procedures are in place to ensure that approvals are handled appropriately and timelyRisk Management/Compliance/LegalMonitors and implements procedures to manage all facets of risk, including data securityFacilitates 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 Complex Manager and Senior Complex Risk Officer, ensures appropriate supervisory coverage is maintained at all timesOversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the Complex has procedures in placeSupports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediatedWorks with Complex Manager and Senior Complex Risk Officer to monitor people risk, and ensures appropriate action is takenResponsible for proactive client contact 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 FAsAdministrativeWorks 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 recruitsEducation 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
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).