Risk Officer, AVP - Suitability and Sales Practice Central Review Unit (SSCRU)

  • Competitive
  • Baltimore, MD, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 23 Oct 18

Risk Officer, AVP - Suitability and Sales Practice Central Review Unit (SSCRU)

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries.

- The Central Review Unit in Baltimore will perform first-line oversight of Financial Advisor ("FA") sales practice conduct and customer suitability by responding to a variety of supervisory alerts and by analyzing advanced data analytics.

- Risk Officers will work directly with Field Management and FAs to address and remediate observed sales practice misconduct and suitability risk.
- Risk Officers will be responsible for covering specified territories and will report into a Region Manager, who will report into the Site Manager.
- The work of Risk Officers will be subject to defined processes and procedures, which will include Quality Assurance (QA) and escalation processes, the preparation of metrics and reporting on the same to management teams for the jurisdictions they cover.

Responsibilities:

- Commitment to the highest ethical standards including putting clients first
- Robust knowledge of SEC and FINRA rules, Firm Compliance policies and procedures and generally accepted standards of suitability and sales practice conduct that govern Financial Advisors
- Strong understanding of securities markets, investment products and complex investment products
- Advanced analytical skills including an understanding of sensitivity analysis, asset allocation models and product-specific risk measures
- Significant experience with interpretation of risk measures such as VAR and tracking error
- Familiarity with Blackrock Aladdin or comparable risk management systems
- Excellent judgment
- Strong verbal and written communication skills
- Ability to concisely and persuasively communicate work product verbally and in writing
- Ability to organize and prioritize work and meet deadlines o organize and prioritize work and meet deadlinesLB2

Qualifications:

- 10 years of experience in the Financial Services industry
- Prior extensive Regulatory, Risk, Legal, Compliance or Internal Audit experience preferred
- CFP or CFA designations a plus
- Bachelor's degree required

Licenses and Registrations
- Active Series 7, 8 (or 9 and 10), 66 (or 65 and 63).