Wealth Management Branch Examiner

PowerToFly; Town of Texas (WI); On-site; USD 70,000 - 125,000; Full time

Benefits offered by this job

Medical Insurance

401(k) Plan

Paid Time Off

Job summary

PowerToFly is seeking a Director level Branch Examiner to oversee risk-based examinations across retail locations, ensuring compliance with regulatory standards. The role involves conducting inspections, evaluating testing results, and collaborating with management to mitigate business risks.

Ideal candidates will have over 3 years of experience in the Financial Services industry, possess strong analytical and communication skills, and be willing to travel 30-40%. Comprehensive benefits include medical, dental, 401(k), and paid time off.

Qualifications

• 3+ years of experience in the Financial Services Industry is required.
• Team-oriented with the ability to work with diverse remote teams.
• Prior examination or testing experience is a plus.

Responsibilities

• Perform pre-exam testing and analyze risk assessments.
• Conduct onsite branch inspections and review reports.
• Collaborate with management to address identified business risks.

Skills

Knowledge of the Financial Services Industry

Strong communication skills

Analytical skills

Organizational skills

Critical thinking

Job description

We’re seeking someone to join our team as a Branch Examiner in WM Compliance to perform independent oversight and execution of risk-based branch examinations across retail locations, serving as a key partner in strengthening supervisory practices and safeguarding the Firms regulatory integrity.

In the Legal & Compliance division, we assist the Firm in achieving its business objectives by facilitating and overseeing the Firm’s management of legal, regulatory and franchise risk. This is a director level position within the Branch Examinations Team, which is responsible for performing risk-based inspections of retail branch offices, including evaluating books and records, testing for sales practice compliance, money movement, and assessing the effectiveness of supervisory processes and procedures.

The Role

• Perform pre-exam testing by analyzing risk assessments, establishing sample selection criteria, testing selected samples per departmental procedures and reviewing relevant documentation.
• Conduct onsite branch inspections, review electronic and physical reports and documents, and interview financial advisors, support staff and branch management.
• Leverage your expertise and judgment to evaluate testing results and assess the adequacy and effectiveness of the branches control environment.
• Hold meetings with branch management to discuss preliminary findings, identify root causes of noted issues, and obtain formal responses to exam results.
• Collaborate with local management and key personnel to address identified business risks and policy violations and develop comprehensive corrective action plans to facilitate the timely remediation of identified issues.
• Collaborate with branch examination management to assess whether a branch office complies with regulatory requirements and Firm policies and procedures.
• Oversee multiple examinations and projects concurrently.
• Maintain up-to-date knowledge of industry and regulatory changes.

Qualifications

• Knowledge of the Financial Services Industry
• Prior examination or testing experience a plus
• Team-oriented with the ability to interact with diverse remote teams, branch staff and management
• Strong communication, detail oriented, analytical, critical thinking and organizational skills
• Objectivity with the skill to make independent decisions associated with Compliance testing procedures
• Enthusiastic, disciplined and self-motivated
• Ethical standards, sound judgment and integrity
• Domestic travel approximately 30 to 40% required
• 3+ years Financial Services Industry Experience
• FINRA licenses a plus

Salary & Benefits

Salary range for the position: $70,000 and $125,000 per year. The successful candidate may be eligible for an annual discretionary incentive compensation award. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which also may include a discretionary bonus component. Morgan Stanley offers a full spectrum of benefits, including Medical, Prescription Drug, Dental, Vision, Health Savings Account, Dependent Day Care Savings Account, Life Insurance, Disability and Other Insurance Plans, Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually), 10 Paid Holidays, 401(k), and Short/Long Term Disability, in addition to other special perks reserved for our employees.

Equal Opportunity Employment

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.