Risk Officer

Risk Officer

The Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Risk Officer, the 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 Risk Officer keeps the Senior Risk Officer informed of significant matters. The Risk Officer role is a non-revenue sharing position that reports to the Senior Risk Officer.

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 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

Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely

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 Market Manager and Senior 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 Market Manager and Senior 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

Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance.

Together with the Senior Risk Officer facilitates the training on Morgan Stanley Wealth Management compliance policies and procedures.

Assists in the review and on boarding of FA recruits

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 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 : Senior Risk Officer

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 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.

Salary range for the position : $120k - $160k / Yr. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit's incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short / Long Term Disability, in addition to other special perks reserved for our employees. Please visit mybenefits.morganstanley.com to learn more about our benefit offerings. The application window is expected to close 12 / 15 / 2025 but may be extended depending on whether a candidate has been selected.

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).