Complex Risk Officer
Company: Morgan Stanley
Location: Beverly Hills
Posted on: June 20, 2022
Job Description:
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 PWM 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 PWM Complex Risk
Officer keeps the Senior Complex Risk Officer informed of
significant matters. The PWM 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
- 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
- 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
Risk Management/Compliance/Legal
- 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 Complex Manager and Senior Complex 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 Complex Manager and Senior Complex 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
Administrative
- Works 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 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)
Knowledge/Skills
- 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
- Dual reporting: Complex Manager and Senior Complex Risk
Officer
Keywords: Morgan Stanley, Beverly Hills , Complex Risk Officer, Other , Beverly Hills, California
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