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Complex Risk Officer

Employer
Morgan Stanley
Location
Bethesda, MD
Closing date
Sep 20, 2020

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Job Description - Complex Risk Officer (3149005)Job Description Complex Risk OfficerJob Number: 3149005Posting Date: Aug 18, 2020Primary Location: Americas-United States of America-Maryland-BethesdaEducation Level: Refer to Position DescriptionJob: Wealth ManagementEmployment Type: Full TimeJob Level: Assistant Vice President DescriptionPOSITION SUMMARY: The Complex Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions. In conjunction with the Senior Complex Risk Officer, the Complex 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. The Complex Risk Officer keeps the Senior Complex Risk Officer informed of significant matters. The Complex Risk Officer role is a non-revenue sharing position that has dual reporting to the Complex Manager and Senior Complex Risk Officer. DUTIES and RESPONSIBILITIES: Surveillance and Supervision Primary responsibility for all risk, supervisory, and compliance function for respective branch location(s)Facilitates any supervisory inquiry or process that requires escalation from the SeniorComplex Risk Officer and/or the Regional Risk OfficerFocuses on business ethics and regulatory and compliance practicesProvides coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environmentEnsure proper procedures are in place to ensure that approvals are handled appropriately and timely Risk Management/Compliance/Legal Monitors and implements procedures to manage all facets of risk, including data securityFacilitates 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 Complex Manager and Senior Complex Risk Officer, ensures appropriate supervisory coverage is maintained at all timesOversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the Complex has procedures in placeSupports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediatedWorks with Complex Manager and Senior Complex Risk Officer to monitor people risk, and ensures appropriate action is takenResponsible for proactive client contact in determining suitability and managing riskActive involvement with the region regarding matters presented to the Credit CommitteePrimary source for intelligence on risk in regard to clients and FAs Administrative Works closely with Special Investigation Unit on any Human Resources issues as related to risk and compliance.Together with the Senior Complex Risk Officer facilitates the training on Morgan Stanley Wealth Management compliance policies and procedures.Assists in the review and on boarding of FA recruits QualificationsEducation and/or Experience Bachelor's degree required or equivalent education or experiencePrevious industry experienceActive Series 7, 8 (or 9 and 10), and 63, 65 (or 66)Other licenses as required for role or by management Knowledge/Skills Knowledge 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 and clientsExcellent judgment and the ability to be discreet in all mattersStrong work ethic Reports to: Dual reporting: Complex Manager and Senior Complex Risk Officer Morgan StanleyEOE committed to diversifying its workforce.M/F/D/V

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