Complex Risk Officer
Morgan Stanley - Birmingham, AL

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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 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 all 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 Senior Complex Risk Officer and/or 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
  • Ensure 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 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, as well as new policies to ensure the Complex 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 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 with the region regarding matters presented to the Credit Committee
  • Primary source for intelligence on risk in regard to clients and FAs
Administrative
  • Works closely with SIU 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 31-7, 8 (or 9 and 10), and 63, 65 (or 66)
  • Other licenses as required for role or by management
  • Series 3 preferred
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 Smith Barney, member SIPC EOE committed to diversifying its workforce. M/F/D/V.
07/12 2012-PS-1064

Morgan Stanley - 2 years 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...