Job Responsibilities
- Own the Trust and Estate Risk framework for Global Wealth Management business in accordance with local regulations, ensuring that Trust and Estates risk including Fiduciary and Investment risks can be properly identified, measured, and overseen on an ongoing basis.
- Enhance and execute the risk governance processes including standards and procedures, escalation, and resolution as well as maintain related control documents including frameworks, guidelines and procedures related to Trust and Estates Fiduciary and Investment Risk oversight.
- Identify risk issues in the business and perform reviews into such areas to identify gaps and recommend risk mitigation strategies.
- Engage in regular dialogue with the business; provide informed review to various business teams to resolve outstanding Risk issues including program managers and investments business.
- Represent Risk in committees/forums and review key risk issues, as appropriate and evaluate and provide feedback on committee materials and metrics ahead of meetings.
- Organize preparatory sessions with the Committee Lead to review agenda items and participate in Business and Risk Committees to provide support, guidance and risk review.
- Represent Risk Management in regulatory exams and internal audits impacting the Global T&E Business.
- Act as the Legal Entity Risk Manager for Delaware and the Bahamas Trust entities.
- Work with technology to evaluate and ensure consistency in Risk metrics and assist in the development forward looking tools including LLM powered dashboard to enhance risk oversight.
- Mentor and manage global team.
Required qualifications, skills and capabilities
- Education in finance, business or economics is required
- Minimum 10 Years of financial risk management, in Asset Management or similar, Wealth Management or Private Bank, with 5 plus years’ work experience in Trust & Estates gained within Risk Management, Compliance, Legal, Audit, or related Consulting;
- Have substantial expertise with Trust & Estates law, fiduciary investments, products, control systems, governance, regulations, and best practices
- Familiarity with OCC, SEC, and FINRA financial regulations, especially investment management regulations.
- Ability to persuade business partners while working constructively to achieve a common goal.
- Proficiency in communicating with senior management, including sensitive situations.
- Control mentality – naturally skeptical, with an ability to anticipate unforeseen consequences.
- Self-starter with ability to initiate, plan, execute and manage projects.
- Use your knowledge to find answers to pressing problems and create workable solutions.
Preferred qualifications, skills and capabilities
- Education in finance, business or economics is required; advanced degree desirable.