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Complex Risk Officer 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
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
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
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
Bachelors 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
Dual reporting: Complex Manager and Senior Complex Risk Officer
Morgan Stanley EOE committed to diversifying its workforce. M/F/D/V
Primary Location: Americas-United States of America-California-Carlsbad Work Locations: Job: Wealth Management Organization: Morgan Stanley Job Posting: Jan 29, 2020