Risk Officer

Morgan-Stanley; Boca Raton (FL); On-site; USD 110,000 - 190,000; Full time

Job summary

Morgan Stanley in Boca Raton, FL seeks a Risk Officer to lead supervisory, compliance and risk functions for the branch, reporting to the Complex Manager and Senior Risk Officer.

The role emphasizes ethics, lawfulness, data security and proactive risk management, collaborating with Legal and Compliance and Internal Audit to uphold policies and address findings. A Bachelor's degree and active securities licenses are required, with demonstrated leadership.

Qualifications

• Bachelor's degree required or equivalent experience.
• Active securities licenses (Series 7/8 and 63/65 or 66) or as required by management.

Responsibilities

• Oversee risk, supervisory and compliance for branch locations.
• Escalate issues to Senior Risk Officer and Complex Manager as needed.
• Ensure adherence to Morgan Stanley Wealth Management policies and regulatory requirements.
• Coach staff on policies and procedures to promote risk awareness.
• Coordinate with Legal, Compliance, and Internal Audit during reviews and audits.
• Monitor data security and client risk, including suitability assessments.

Skills

Regulatory knowledge

Leadership

Risk management

Data security

Stakeholder communication

Audit liaison

Analytical thinking

Education

Bachelor's degree

Job description

The Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Risk Officer, the 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 Risk Officer keeps the Senior Risk Officer informed of significant matters. The Risk Officer role is a non-revenue sharing position that has dual reporting to the Complex Manager and Senior Risk Officer.DUTIES and RESPONSIBILITIESSurveillance and SupervisionPrimary responsibility for all risk, supervisory, and compliance function for respective branch location(s)Facilitates any supervisory inquiry or process that requires escalation from the SeniorComplex Risk Officer and/or the Regional Risk OfficerFocuses on business ethics and regulatory and compliance practicesProvides coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environmentEnsure proper procedures are in place to ensure that approvals are handled appropriately and timelyRisk Management/Compliance/LegalMonitors and implements procedures to manage all facets of risk, including data securityFacilitates regular and consistent communication of Morgan Stanley Wealth Management policies and other regulationsLiaises with the Legal and Compliance Division with customer complaints and litigationTogether with the Complex Manager and Senior Risk Officer, ensures appropriate supervisory coverage is maintained at all timesOversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the Complex has procedures in placeSupports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediatedWorks with Complex Manager and Senior Risk Officer to monitor people risk, and ensures appropriate action is takenResponsible for proactive client contact in determining suitability and managing riskActive involvement with the region regarding matters presented to the Credit CommitteePrimary source for intelligence on risk in regard to clients and FAsAdministrativeWorks closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance.Together with the Senior Risk Officer facilitates the training on Morgan Stanley Wealth Management compliance policies and procedures.Assists in the review and on boarding of FA recruitsEducation and/or ExperienceBachelor’s degree required or equivalent education or experiencePrevious industry experienceActive Series 7, 8 (or 9 and 10), and 63, 65 (or 66)Other licenses as required for role or by managementKnowledge/SkillsKnowledge of SEC, FINRA and Firm Compliance Policies and ProceduresEffective written and verbal communication skillsStrong attention to detailAbility to prioritize and resolve complex problems and escalate as necessaryAbility to identify issues and trends in order to anticipate change and provide recommended comprehensive solutions and remediesEvidence of strong leadership capabilities or previous supervisory experienceAbility to organize and prioritize workflow and assignments in a deadline oriented environmentAbility to interact with Financial Advisors and clientsExcellent judgment and the ability to be discreet in all mattersStrong work ethicReports toSenior Risk OfficerWHAT 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.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 .