PWM Risk, Vice President

711 MS Smith Barney, LLC; New York (NY); On-site; USD 115,000 - 190,000; Full time

Job summary

Morgan Stanley is seeking a Risk professional within Private Wealth Management to identify, assess, monitor and mitigate risk across PWM activities. You will partner with Private Wealth Advisors, client service teams, control partners and stakeholders to align controls, reporting and escalation.

The role emphasizes strong judgment, discretion and proactive process improvement. Expected base pay ranges from 115,000 to 190,000 per year at start.

Qualifications

• The candidate must hold Series 7 and Series 63 or 66 within 180 days of hire.
• 7+ years’ experience in financial services, wealth management, and risk fields.
• Bachelor’s degree required; MBA highly preferred.
• Experience with Ultra High-Net Worth clients / Family Office preferred.
• Strong understanding of investment products across asset classes.
• Outstanding teamwork, relationship-building, and cross-collaboration skills.
• Excellent organization, prioritization, and attention to detail.
• Good judgment and discretion in handling sensitive information.

Responsibilities

• Identify, assess, monitor, and mitigate risk across PWM activities.
• Partner with business leaders, advisors, client service teams and stakeholders.
• Lead risk-related audit activities and remediation tracking.
• Prepare materials, coordinate stakeholders, and document key controls.
• Support escalation, reporting, and adherence to policies and regulations.
• Explore automation to improve risk, control, reporting and monitoring processes.

Skills

Written communication

Verbal communication

Organizational skills

Attention to detail

Analytical skills

Stakeholder management

Discretion and integrity

MS Office

AI tools

Problem solving

Education

Bachelor’s degree

MBA preferred

Tools

Microsoft Office

Job description

Position Summary

The Risk Position within Private Wealth Management (“PWM”) will support the identification, assessment, monitoring, and mitigation of risk across PWM business activities while helping promote a strong risk and control environment. This role will partner with business leaders, Private Wealth Advisors/ Financial Advisors, client service teams, control partners, and stakeholders across PWM client segments to understand business-specific risks, support consistent risk management practices, and align controls, reporting, and escalation processes across the broader PWM platform. The individual will evaluate business processes, review risk indicators, support issue escalation, and help ensure adherence to applicable policies, procedures, and regulatory expectations. Responsibilities will also include leading risk-related audit activities, including preparation of materials, stakeholder coordination, documentation of key processes and controls, support during audit fieldwork, follow-ups, and remediation tracking. The successful candidate will bring strong judgment, analytical capability, attention to detail, and the ability to communicate risk matters clearly across all levels of the organization. The role requires integrity, discretion, and a proactive mindset, including the ability to identify emerging risks, strengthen control processes, and pursue opportunities to automate manual risk, control, reporting, and monitoring processes to improve efficiency, consistency, transparency, and scalability across PWM.

Experience

Registrations required: Series 7 and Series 63 or 66 upon 180 days of hire
7+ years’ experience in financial services, wealth management and risk related fields
Bachelor’s degree required; MBA highly preferred
Experience with Ultra High-Net Worth clients/ working within a Family Office highly preferred.
Strong understanding of investment products across all asset classes
Outstanding team working, relationship building, and cross-collaboration skills
Excellent organization and prioritization skills
High level of attention to detail, with excellent written and verbal communication skills
A track record of success and a demonstrated ability to exercise good judgment and discretion

Skills/Abilities

The candidate should possess the following skills and abilities: Strong written and verbal communication skills. Excellent organizational skills and attention to detail. Ability to work independently while also contributing effectively in a team environment. Strong problem-solving and analytical capabilities. Professional presence and ability to interact with stakeholders at various levels. Ability to manage sensitive information with discretion and integrity. Proficiency with Microsoft Office applications, including Outlook, Excel, Word, and PowerPoint. Ability to utilize AI tools. Ability to adapt to changing priorities and remain composed under pressure. Strong follow-through, accountability, and commitment to high-quality execution.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 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. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Expected base pay rates for the role will be between 115,000 and 190,000 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 is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

At Morgan Stanley, we advise, originate, trade, manage and distribute capital for people, governments and institutions, always with a standard of excellence and guided by our core values. Morgan Stanley is dedicated to providing first-class service to our clients, in a way that reflects our commitment to creating a more sustainable future and fostering stronger communities around the world. In each line of business, we strive to demonstrate our belief in the power of transformative thinking, innovative strategies and leading-edge solutions—and in the ability of capital to work for the benefit of all society.

What We Do