Senior Institutional Risk Officer

Morgan & Morgan Transportation Inc; Tempe (AZ); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Competitive benefits

Career development opportunities

Job summary

Morgan Stanley is seeking a Senior Institutional Risk Officer in the United States, Tempe area, to lead risk, compliance, and supervisory functions within the Institutional Infrastructure Solutions Market.

The role requires strong leadership, regulatory knowledge, and the ability to coordinate audits and escalations with the Market Executive and Legal/Compliance teams. Competitive compensation and comprehensive benefits are offered.

Qualifications

• Bachelor’s degree or equivalent education or experience.
• Active Series 7, 8 (or 9 and 10) and 63, 65 (or 66).
• Knowledge of SEC, FINRA and Firm Compliance Policies and Procedures.
• Strong written and verbal communication abilities.
• Leadership experience in risk, compliance or supervisory roles.

Responsibilities

• Oversee risk, supervisory, and compliance functions for the Market.
• Communicate with Market Executive on significant matters and escalation.
• Lead Institutional Risk Officers to ensure consistent practices across the Market.
• Coordinate audits, self-audits, and regulatory inquiries as needed.
• Collaborate with Legal and Compliance on issues and remediation actions.
• Develop and deliver training on compliance policies for staff and associates.

Skills

Compliance policies

Communication skills

Leadership

Attention to detail

Problem solving

Stakeholder management

Regulatory awareness

Education

Bachelor's degree or equivalent

Series 7, 8, 63, 65/66

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 ResponsibilitiesSurveillance and SupervisionPrimary responsibility for all risk, supervisory, and compliance functions for the MarketCommunicates and facilitates any supervisory inquiry or process that requires escalation from the Market to the Head of Institutional Risk OfficersFocuses on business ethics and regulatory and compliance practicesProvides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment within the MarketEnsures proper procedures are in place to ensure that approvals are handled appropriately and timelyManages the Institutional Risk Officers within the Market to ensure consistent supervisory practicesEnsures procedures are in place for self-audits.Risk Management/Compliance/LegalMonitors and implements procedures to manage all facets of risk, including data security, across the MarketFacilitates 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 Market Executive and Institutional Risk Officers, ensures appropriate supervisory coverage is maintained at all times across the Market as required by Firm policyOversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the market has procedures in placeIs responsible for the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediatedWorks with Market Executive and Institutional Risk Officers to monitor people risk, and ensures appropriate action is takenPrimary source for intelligence on risk in regard to clients and FAsActive involvement with margin and credit decisionsAdministrativeWorks closely with Special Investigation Unit on any Human Resources issues as related to risk and complianceTogether with the Institutional Risk Officers in the Market, facilitates the training of all personnel on Morgan Stanley Wealth Management compliance policies and proceduresRuns or assists with various projects as neededEducation 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)Knowledge/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, senior business partners, and clientsExcellent judgment and the ability to be discreet in all mattersStrong work ethicDirect reportsInstitutional Risk OfficersWHAT 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 .