Complex Risk Officer Jobs

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 Supervision

• 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
• Ensure proper procedures are in place to ensure that approvals are handled appropriately and timely
• 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 Complex Risk Officer and/or the Regional Risk Officer

Risk Management/Compliance/Legal

• Facilitates regular and consistent communication of Morgan Stanley Wealth Management policies and other regulations
• Oversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the Complex has procedures in place
• Together with the Complex Manager and Senior Complex Risk Officer, ensures appropriate supervisory coverage is maintained at all times
• Works with Complex Manager and Senior Complex Risk Officer to monitor people risk, and ensures appropriate action is taken
• Primary source for intelligence on risk in regard to clients and FAs
• Liaises with the Legal and Compliance Division with customer complaints and litigation
• Responsible for proactive client contact in determining suitability and managing risk
• Monitors and implements procedures to manage all facets of risk, including data security
• Supports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
• Active involvement with the region regarding matters presented to the Credit Committee

Administrative

• Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance.
• Assists in the review and on boarding of FA recruits
• Together with the Senior Complex Risk Officer facilitates the training on Morgan Stanley Wealth Management compliance policies and procedures.

Education And/or Experience

• Other licenses as required for role or by management
• 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)

Knowledge/Skills

• Ability to organize and prioritize workflow and assignments in a deadline oriented environment
• 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 interact with Financial Advisors and clients
• Ability to prioritize and resolve complex problems and escalate as necessary
• Strong work ethic
• Effective written and verbal communication skills
• Excellent judgment and the ability to be discreet in all matters
• Knowledge of SEC, FINRA and Firm Compliance Policies and Procedures
• Strong attention to detail

Reports To

• Dual reporting: Complex Manager and Senior Complex Risk Officer