National Risk Officer - New York, United States - Morgan Stanley

Morgan Stanley

Verified Company

New York, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

National Risk Officer

Job Number:
3250220

POSTING DATE:
Apr 12, 2024

PRIMARY LOCATION:
Americas-United States of America-New York-New York

EDUCATION LEVEL:
Bachelor's Degree

JOB:
Wealth Management

EMPLOYMENT TYPE:
Full Time

JOB LEVEL:
Vice President

DESCRIPTION

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services.

The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic.

Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow.

A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture.

The National Risk Officer is responsible for a wide variety of supervisory, compliance and risk functions.

In conjunction with the Senior Risk Officer (SRO) and the Associate/Regional Risk Officer (ARRO/RRO), the National 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.

Additionally, the National Risk Officer keeps the Market and Region informed of significant matters and is a non-revenue sharing position that has dual reporting to the Head of the Centralized Review Unit (CRU) and the Associate Regional Risk Officer (ARRO).

Finally, this position will support various risk and supervisory functions for a single Market and/or multiple Markets within a single Region and may provide Risk Officer coverage for functions specific to a single Market, a single Branch, or multiple branches within a Region.

DUTIES AND RESPONSIBILITIES:

Primarily responsible for all risk, supervisory, and compliance functions for respective branch location(s)
Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner
Support increased Risk Officer workload due to remediation requirements, new FA/FAA recruits onboarding, etc.
Fill coverage and/or resource gaps resulting from temporary Risk Officer attrition, shortages (e.g., turnover, resignations, etc.)
Assist Markets during periods of highvolume supervisory alerts
Manages and responds to senior or vulnerable adult, financial exploitation, diminished capacity, or other concerns affecting Morgan Stanley's senior or vulnerable clients
Facilitates any supervisory inquiry or process that requires escalation from the Senior Risk Officer (SRO) and/or the Associate/Regional Risk Officer (ARRO/RRO)
Provides coaching, guidance, and education to Financial Advisors on policies and procedures to promote risk awareness and a compliant environment
Interview clients where necessary, and collaborates with internal partners in Legal, Compliance, Risk and Business to formulate adequate responses to close matters and/or pending supervisory alerts
Liaises with the Legal and Compliance Division to respond to customer complaints and litigation
Supports the preparation for and response to all branch exams and internal audits, and ensures that any audit findings are appropriately responded to and remediated
National Risk Officers may travel to different Markets within the Region to provide support, as needed

QUALIFICATIONS
Primarily responsible for all risk, supervisory, and compliance functions for respective branch location(s)

Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner
Support increased Risk Officer workload due to remediation requirements, new FA/FAA recruits onboarding, etc.
Fill coverage and/or resource gaps resulting from temporary Risk Officer attrition, shortages (e.g., turnover, resignations, etc.)
Assist Markets during periods of highvolume supervisory alerts
Manages and responds to senior or vulnerable adult, financial exploitation, diminished capacity, or other concerns affecting Morgan Stanley's senior or vulnerable clients
Facilitates any supervisory inquiry or process that requires escalation from the Senior Risk Officer (SRO) and/or the Associate/Regional Risk Officer (ARRO/RRO)
Provides coaching, guidance, and education to Financial Advisors on policies and procedures to promote risk awareness and a compliant environment
Interview clients where necessary, and collaborates with internal partners in Legal, Compliance, Risk and Business to formulate adequate responses to close matters and/or pending supervisory alerts
Liaises with the Legal and Compliance Division to respond to customer complaints and litigation
Supports the preparation for and response to all