Risk Officer – Institutional Infrastructure Solutions (IIS) – Vice President | Morgan Stanley | New York, NY

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  • Post Date : November 19, 2020
  • Apply Before : December 19, 2020
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Job Description

Risk Officer – Institutional Infrastructure Solutions (IIS) – Vice President

Job Number:

3160749

POSTING DATE: Nov 11, 2020
PRIMARY LOCATION: Americas-United States of America-New York-Purchase
EDUCATION LEVEL: Bachelor’s Degree
JOB: Wealth Management
EMPLOYMENT TYPE: Full Time
JOB LEVEL: Vice President

DESCRIPTION

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 $2 trillion under management and is one of the world’s largest networks of Financial Advisors.
Institutional Infrastructure Solutions (IIS) is a new business unit that provides world-class service to Morgan Stanley’s institutional clients including Multi-Family Offices and the Graystone business. IIS supports clients in partnership with Morgan Stanley’s Fund Services infrastructure, an outsourced Wealth Management OCIO, the client’s MS Financial Advisor, 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 Risk Officer is a senior position in IIS responsible for a wide variety of supervisory, compliance, and risk functions. The 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 Risk Officer keeps the Senior Client Relationship Manager and MFO Segment Risk 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
  • Review escalations from the branch in regards to NAV or cash breaks found by Fund Services processing
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 Client Relationship Officer to monitor people risk, and ensures appropriate action is taken
  • In partnership with the Investment Officer, responsible for proactive client contact in determining suitability and managing risk
  • Primary source for intelligence on risk in regard to clients and personnel

QUALIFICATIONS

Qualifications
  • Bachelor’s degree required or equivalent education
  • Previous industry management experience
  • Active Series 7, 8, 66 (or 63 and 65), and 9/10
  • Other licenses as required for role or by management
  • Experience with multi-family offices and institutions required
  • Experience supporting clients with multiple custodians required
  • 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

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