Risk Officer

711 MS Smith Barney, LLC; Fort Lauderdale (FL); On-site; USD 90,000 - 150,000; Full time

Job summary

Morgan Stanley Wealth Management is seeking a Risk Officer to supervise risk, compliance, and control activities at the Fort Lauderdale-area branch. You will work with the Complex Manager and Senior Risk Officer to maintain a compliant environment, address audits, and coach staff on policies.

A Bachelor's degree is required, along with active licenses Series 7, 63/65 or 66. Candidates should show strong leadership, analytical ability, and the skill to manage multiple risk domains within a

Qualifications

• Bachelor’s degree required or equivalent education/experience
• Active Series 7 and 63/65 (or 66) licenses
• Knowledge of SEC, FINRA and Firm Compliance Policies

Responsibilities

• Primary responsibility for risk, supervisory, and compliance function for the branch
• Facilitates supervisory inquiries and escalations from senior risk roles
• Ensures proper procedures for approvals and timely handling of processes
• Supports audits and remediates findings
• Manages data security and regional risk considerations

Skills

Regulatory Compliance

Supervisory Experience

Risk Management

Communication Skills

Data Security

Education

Bachelor’s degree

Tools

Series 7

Series 63/65 or 66

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 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 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 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 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

Licenses

Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66)

Other licenses as required for role or by management

Other licenses as required for role or by management

Knowledge/Skills

• 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 elevate 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

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. 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