POSITION SUMMARY:The Private Wealth Management Senior Complex Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions related to the Complex. In conjunction with the Complex Manager and other Complex Risk Officers within the Complex, the PWM Senior Complex Risk Officer has accountability in the Complex 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 PWM Senior Complex Risk Officer keeps the Complex Manager informed of significant matters within the complex and must determine when the Complex Manager, other Branch Managers within the Complex and/or Regional Risk Officer should be directly involved. The Senior Complex Risk Officer role is a non- revenue sharing position that has dual straight line reporting to the Complex manager and Regional Risk Officer.DUTIES and RESPONSIBILITIES:Surveillance and SupervisionPrimary responsibility for all risk, supervisory, and compliance functions for the ComplexCommunicates and facilitates any supervisory inquiry or process that requires escalation from the Complex to the Regional Risk OfficerFocuses 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 ComplexEnsures proper procedures are in place to ensure that approvals are handled appropriately and timelyManages the Complex Risk Officers within the Complex to ensure consistent regulatory and compliance practicesEnsures procedures are in place for self-auditsRisk Management/Compliance/LegalMonitors and implements procedures to manage all facets of risk, including data security, across the ComplexFacilitates 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 Complex Risk Officers, ensures appropriate supervisory coverage is maintained at all times across the Complex as required by Firm policyOversees all responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensure the complex has procedures in place.Is responsible for the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediatedWorks with Complex Manager and Complex Risk Officers to monitor people risk, and ensures appropriate action is takenResponsible for proactive client contact within the Complex 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 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 Complex Risk Officers in the Complex, facilitates the training of all personnel on Morgan Stanley Wealth Management compliance policies and proceduresAssists in the review and on boarding of FA recruiteExpected base pay rates for the role will be between 165,000 and 185,000 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's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:Education and/or ExperienceBachelor's Degree required or equivalent education or experiencePrevious industry experienceActive Series 3, 7, 8 (or 9 and 10), and 63, 65 (or 66)Other licenses as required for role or by managementKnowledge/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 and clientsExcellent judgment and the ability to be discreet in all mattersStrong work ethicReports To:Dual reporting line into Complex Manager and Regional Risk OfficerDirect Reports:Complex Risk OfficersMorgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).Morgan StanleyEOE committed to diversifying its workforce.M/F/D/V
