Talent.com
Senior Risk Officer

Senior Risk Officer

Morgan StanleyFresno, CA, US
30+ days ago
Job type
  • Full-time
Job description

Senior Risk Officer

The Senior Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions related to the Complex. In conjunction with the Complex Manager and other Risk Officers within the Complex, the Senior Risk Officer has accountability in the Complex 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 Complex Manager informed of significant matters within the complex and must determine when the Complex Manager, other Branch Managers within the Complex and / or Regional Risk Officer should be directly involved. The Senior Risk Officer role is a non-revenue sharing position that has dual straight line reporting to the Complex manager and Regional Risk Officer.

Duties and Responsibilities

Surveillance and Supervision

  • Primary responsibility for all risk, supervisory, and compliance functions for the Complex
  • Communicates and facilitates any supervisory inquiry or process that requires escalation from the Complex to the Regional Risk Officer
  • Focuses on business ethics and regulatory and compliance practices
  • Provides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment within the Complex
  • Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely
  • Manages the Complex Risk Officers within the Complex to ensure consistent regulatory and compliance practices
  • Ensures procedures are in place for self-audits.

Risk Management / Compliance / Legal

  • Monitors and implements procedures to manage all facets of risk, including data security, across the Complex
  • 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 Complex Risk Officers, ensures appropriate supervisory coverage is maintained at all times across the Complex as required by Firm policy.
  • Oversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the complex 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 remediated
  • Works with Complex Manager and Complex Risk Officers to monitor people risk, and ensures appropriate action is taken
  • Responsible for proactive client contact within the Complex 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
  • Active involvement with margin and credit decisions

    • Administrative

  • Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance
  • Together with the Complex Risk Officers in the Complex, facilitates the training of all personnel 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 3, 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 : Market Manager and Regional Risk Officer

    • Direct reports

  • Risk Officers

    • What You Can Expect From Morgan Stanley :

    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.

    Expected base pay rates for the role will be between $170k and $215k 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.

    Create a job alert for this search

    Senior Risk Officer • Fresno, CA, US