Risk Officer

Role Responsibilities

• Primary responsibility for all risk, supervisory, and compliance functions for one or more groups of Support personnel and multiple MFO clients
• Facilitates any supervisory inquiry or process that requires escalation
• Focuses on business ethics and regulatory and compliance practices
• Provides coaching and guidance on policies and procedures across IIS 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
• Specifically supervise all money movement and trade execution activities within the IIS branch inclusive of transactions executed on the Fund Services and outside Custodial platforms
• Review escalations from the branch in regards to NAV or cash breaks found by Fund Services processing

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
• Ensures appropriate supervisory coverage is maintained at all times
• Oversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensuring the Branch 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 Senior Client Relationship Officer to monitor people risk, and ensures appropriate action is taken
• In partnership with the Investment Officer, responsible for proactive client contact in determining suitability and managing risk
• Primary source for intelligence on risk in regard to clients and personnel

Qualifications

Qualifications - External

Education and/or Experience 

• Bachelor’s degree required or equivalent education
• Previous industry management experience
• Active Series 7, 8, 66 (or 63 and 65), 24, and 9/10
• Other licenses as required for role or by management
• Experience with multi-family offices and institutions required
• Experience supporting clients with multiple custodians required

 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 escalate 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