IIS Risk Officer

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. Morgan Stanley Wealth Management (MSWM) has over $6.5 trillion under management and is one of the world's largest networks of Financial Advisors.

Institutional Infrastructure Solutions (IIS) is an institutional branch that provides world-class service to Morgan Stanley's institutional and family office clients. IIS supports clients in partnership with Financial Advisors, our Outsourced Chief Investment Office (OCIO) and WM Operations. IIS specifically supports all client service model execution processes including Client Onboarding and Maintenance, Money Movement, Asset Aggregation and Accounting, Billing, and Client/IO Reporting.

The Institutional Risk Officer is a senior position in IIS responsible for a wide variety of supervisory, compliance, and risk functions. The Institutional 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 and Fund Services policies, and other regulations. The Institutional Risk Officer keeps the Senior Institutional Risk Officer informed of significant matters.

Role Responsibilities

Surveillance and Supervision

• Primary responsibility for all risk, supervisory, and compliance functions for one or more groups of Support personnel and multiple MFO clients
• Facilitates any supervisory inquiry or process that requires escalation
• Focuses on business ethics and regulatory and compliance practices
• Provides coaching and guidance on policies and procedures across IIS 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
• Specifically supervise all money movement and trade execution activities within the IIS branch inclusive of transactions executed on the Fund Services and outside Custodial platforms
• Reviews and responds to a variety of supervisory alerts in a timely and sufficient manner

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 Wealth Management policies and other regulations
• Liaises with the Legal and Compliance Division with customer complaints and litigation
• Ensures appropriate supervisory coverage is maintained at all times
• Oversees responsibilities outlined in the Branch Supervisory Manual, as well as new policies to ensuring the Branch 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 Senior Institutional Risk Officer to monitor people risk, and ensures appropriate action is taken
• In partnership with the Portfolio Manager, responsible for proactive client contact in determining suitability and managing risk
• Primary source for intelligence on risk in regard to clients and personnel

Education and/or Experience

• Bachelor's degree required or equivalent education or experience
• 5-10 years of experience in the financial, consulting, or banking industry
• Active Series 7, 8 (or 9 and 10), and 63, 65 (or 66)
• Series 24 a plus

Knowledge/Skills

• Strong knowledge of SEC, FINRA Rules and Regs including Investment and Product Knowledge
• 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 lead discussions including with senior managers, legal, and compliance partners
• Excellent judgment and the ability to be discreet in all matters
• Strong work ethic

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

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).