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 Senior Complex Risk Officer and/or the Regional Risk Officer
- Focuses on business ethics and regulatory and compliance practices
- Provides 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 StanleyWealth Management 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
- Focused on International Clients
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
EDUCATION, EXPERIENCE, KNOWLEDGE, and SKILLS:
Education and/or Experience
- Bachelor's degree required or equivalent education or experience
Previous industry experience
Active Series 3, 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
