Annuities & Insurance Central Review Unit Risk Analyst
Location:
Posted:
July 09, 2016
Reference:
3074254
Morgan Stanley is currently seeking candidates for several Risk Analyst positions to join the Annuities and Insurance Central Review Unit (AICRU). He/she will be primarily responsible for performing product and know your client (KYC ) suitability reviews of all proposed annuity new business, carrier direct and 1035 exchanges, qualified transfers and replacements transactions.

In this capacity, these individuals will work closely with their fellow Risk Analysts, interact regularly with Financial Advisors (FAs), Branch Managers and Complex Risk Officers and speak periodically with regional retirement solution specialists and the internal sales desk. They may also interact with AICRU's partners in Risk, Legal and Compliance on an as needed basis.

The successful candidate(s) responsibilities will include, but not be limited to the following:
  • Review new business, carrier direct and 1035 exchanges for product and KYC suitability;
  • Verify policy data for 1035 Exchanges by calling the insurance carrier for relinquishing contracts as part of performing product suitability reviews and ensuring ticket accuracy and completeness;
  • Review insurance transactions for compliance with New York State Regulation 60;
  • Speak with FAs and branch management about their proposed business tickets on a daily basis in order to complete the review process within service level agreements;
  • Save all related email correspondence with FAs for future reference and record retention;
  • Work with CROs complex risk officers and branch personnel as a subject matter expert to assist with suitability considerations for orders in their queue and review any potential exception requests on rejected transactions
  • Participate in periodic meetings with the business


Qualifications

Required Skills
  • Strong working knowledge of annuity products and their riders, benefits and features
  • Risk, Compliance or Internal Audit experience in annuities and branch supervision
  • Demonstrate a keen understanding of the interplay between areas of risk and regulatory concern and business goals
  • Excellent analytical ability with consistently demonstrating attention to detail
  • Excellent interpersonal, communicative and persuasion skills
  • Ability to maintain professionalism when delivering challenging and unfavorable messages
  • Strong organizational, planning and time management skills in order to multi task competing priorities in a fast paced and dynamic environment
  • Ability to follow specific directions and function independently or part of a team
  • Ability to work collaboratively with senior levels of management within the business, legal and compliance
Required Education, Licenses and Qualifications
  • An undergraduate degree; MBA or JD a strong plus
  • Active FINRA & State Licenses: Series 7, Series 24 and Life & Health Insurance Exam
  • Microsoft Suite


*LI-DB1

A little about us:
Since its founding in 1935, Morgan Stanley and its people have helped redefine the meaning of financial services.

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