Morgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services. With offices in more than 43 countries the people of Morgan Stanley are dedicated to providing our clients the finest thinking, product and services to help them achieve even the most challenging goals.
About The Department
This role sits within the Australian Wealth Management Operational Risk division which incorporates the Branch Supervision function. The Operational Risk team is an independent function that oversees, monitors, measures and analyses operational risks across the Australian Wealth Management business to ensure they are operating within the businesses risk appetite levels across the network.
The key function of the Branch Risk Manager is to implement the practices set out in the Morgan Stanley Wealth Management Branch Manager Supervisory Manual for the Sydney and Brisbane branches. The Risk Manager may also be required to assist with supervisory tasks for other state offices.
??? Develop strong working relationships with staff to facilitate a strong risk culture within the branch ??? Responsible for identifying and providing guidance/solutions to the relevant State Manager and Head of Branch Supervision on risk issues ??? Responsible for providing guidance to advisers relating to their regulatory and risk obligations as well as proactively managing the firm's advice/suitability framework to ensure compliance at all times ??? Responsible for preparing Key Risk Indicator reporting for the State Manager and investigating any material risks identified through reporting ??? Undertake detailed, documented account reviews including preparing reports for advisers and the State Manager on the outcomes of these reviews ??? Work with the Legal & Compliance team in respect of complaint resolution ??? Work closely with other risk functions within the business to enhance the supervisory framework and contribute to projects as needed ??? In conjunction with the State Manager, ensure the Branch maintains the ethical standards contained in the Company Code of Conduct; firm policies and procedures, regulatory and legislative requirements.
??? Advanced MS Excel, MS Word, PowerPoint skills ??? High attention to detail and an analytical mindset. ??? Strong project management skills. ??? Strong organisational skills.
Personal Attributes/Interpersonal Skills
??? Strong leadership skills ??? Excellent communication skills both verbal and written. ??? Highly developed interpersonal, negotiation and relationship management skills ??? Display a high level of resilience and strong ability to prioritise tasks. ??? Goal-oriented with demonstrated drive and initiative.
??? University Degree qualified in Finance, Business or Economics preferable but not essential. ??? Recognised industry qualifications preferred but not essential. ??? ASIC RG 146 and ASX Accredited Derivatives Adviser (ADA Level 1) accreditations are desirable. ??? Approximately 5 years of prior Risk Management/Compliance or financial markets experience. ??? Experience within wealth management, banking highly desirable.
Equal Opportunity Statement
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.