Senior Institutional Risk Officer

711 MS Smith Barney, LLC; Miami (FL); On-site; USD 120,000 - 170,000; Full time

Job summary

Morgan Stanley seeks a Senior Institutional Risk Officer for the Institutional Infrastructure Solutions Market in the United States. This role oversees risk, supervisory, and compliance functions, promoting a strong control environment and adherence to laws, policies, and regulations across the Market.

You will coordinate with Market leadership and other Institutional Risk Officers to ensure coverage, escalate significant matters, and drive training and consistent risk practices across teams.

Qualifications

• Bachelor’s degree required or equivalent education or experience.
• Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66).

Responsibilities

• Primary responsibility for all risk, supervisory, and compliance functions for the Market.
• Escalates supervisory inquiries to Head of Institutional Risk Officers.
• Promotes risk awareness and compliant environment within the Market.
• Provides coaching on policies and procedures to promote compliance.
• Ensures proper approval procedures are in place and timely.
• Manages Institutional Risk Officers to ensure consistent supervisory practices.
• Oversees self-audits and remediation of findings.
• Liaises with Legal and Compliance on complaints and litigation.

Skills

Leadership capabilities

Strong communication

Regulatory and compliance

Attention to detail

Problem solving

Interpersonal with FAs

Education

Bachelor’s degree

Job description

The Senior Institutional Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions related to the Institutional Infrastructure Solutions (IIS) Market. In conjunction with the Market Executive and other Institutional Risk Officers within the Market, the Senior Institutional Risk Officer has accountability in the Market for maintaining a consistent control 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 Senior Institutional Risk Officer keeps the Market Executive and other senior business leaders informed of significant matters within the Market and must determine when the Market Executive, other Branch Managers within the Market and/or Head of Institutional Risk Officers should be directly involved.

Duties and Responsibilities

• Primary responsibility for all risk, supervisory, and compliance functions for the Market
• Communicates and facilitates any supervisory inquiry or process that requires escalation from the Market to the Head of Institutional Risk Officers
• Focuses on business ethics and regulatory and compliance practices
• Provides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment within the Market
• Ensures proper procedures are in place to ensure that approvals are handled appropriately and timely
• Manages the Institutional Risk Officers within the Market to ensure consistent supervisory practices
• Ensures procedures are in place for self-audits.

Risk Management/Compliance/Legal

• Monitors and implements procedures to manage all facets of risk, including data security, across the Market
• 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 Market Executive and Institutional Risk Officers, ensures appropriate supervisory coverage is maintained at all times across the Market as required by Firm policy
• Oversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the market has procedures in place
• Is responsible for the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
• Works with Market Executive and Institutional Risk Officers to monitor people risk, and ensures appropriate action is taken
• Primary source for intelligence on risk in regard to clients and FAs
• Active involvement with margin and credit decisions

Administrative

• Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance
• Together with the Institutional Risk Officers in the Market, facilitates the training of all personnel on Morgan Stanley Wealth Management compliance policies and procedures
• Runs or assists with various projects as needed

Education and/or Experience

• Bachelor’s degree required or equivalent education or experience
• Previous industry experience
• Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66)

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 evaluate 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, senior business partners, and clients
• Excellent judgment and the ability to be discreet in all matters

Strong work ethic

• Direct reports Institutional Risk Officers

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. New York: Expected base pay rates for the role will be between $120,000 and $170,000 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