Complex Risk Officer
Morgan Stanley - Chicago, IL

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The Complex Risk Officer is responsible for a wide variety of supervisory, compliance, and risk functions for either the legacy Morgan Stanley or legacy Smith Barney platform. In conjunction with the Senior Complex Risk Officer, the Complex Risk Officer has accountability for maintaining a control environment through adherence of business ethics and practices and adherence to all applicable Federal, State and Local laws, Morgan Stanley Smith Barney 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 the risk, supervisory, and compliance functions for either the legacy Morgan Stanley or legacy Smith Barney platform
•Facilitates any supervisory inquiry or process that requires escalation from the Complex to the Regional Risk Officer
•Focuses on business ethics and regulatory and compliance practices
•Provides the coaching and guidance on policies and procedures in order to promote risk awareness and a compliant environment
•Ensures that approvals are handled appropriately
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 Smith Barney policies and other regulations
•Liaises with the Legal and Compliance Division with customer complaints and litigation
•Together with the Complex Manager and Senior Complex Risk Officer, ensures appropriate supervisory coverage is maintained at all times
•Oversees responsibilities outlined in the Branch Supervisory Manual
•Supports in the preparation for and response to audits, and ensures that any audit findings are appropriately responded to and remediated
•Works with Complex Manager and Senior Complex Risk Officer to monitor people risk, and ensures appropriate action is taken
•Responsible for proactive client contact in determining suitability and managing risk
•Active involvement in Credit Committee determinations
•Primary source for intelligence on risk in regard to clients and FAs
Administrative
•Works closely with Human Resources staff on any Human Resources issues as related to risk and compliance
•Together with the Senior Complex Risk Officer, facilitates the training on Morgan Stanley Smith Barney compliance policies and procedures
•Assists in the review and on boarding of FA recruits
Skills Required
Education and/or Experience
•Bachelor’s degree required or equivalent education or experience
•Previous industry experience
Licenses and Registrations
•Active Series 3/31, 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 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
Reports to:
•Dual reporting: Complex Manager and Senior Complex Risk Officer

Morgan Stanley - 18 months ago - save job - block
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One of the world's top investment banks, Morgan Stanley serves up a smorgasbord of financial services. The company operates...