Job Summary:
As an Associate within the Wealth Management (Private Bank) - Market Supervisory Management team, you will be responsible for providing 1
Job responsibilities
- Escalate issues to senior management within all areas of the 1st, 2ndand 3rdlines of defense
- Provide 1stlevel control and oversight of the investment business
- Review and assess client trading activity and any potential suitability issues on a pre-execution basis
- Conduct independent review and assessment of client suitability profiles based on data collected from clients and the front office
- Review and assess investment concentration issues in client accounts
- Review English and Chinese materials provided to clients to ensure they are appropriate and aligned to the clients investment objectives and needs
- React to, manage and handle potential client situations e.g., trading errors
- Attend front office meetings to provide relevant feedback and stay apprised of their current priorities
- Perform change management in respect of changes in policies/procedures/ processes where these relate to investment activities e.g., implementation and training on enhanced suitability framework; new trading protocol; etc.
- Manage audit coordination and liaison as required and operational risk reporting and investigation
Required qualifications, capabilities, and skills
- Bachelor's degree in business, finance, or related field
- Minimum of 5 years of experience with financial institutions in first line of defense oversight and control, supervisory risk and control or related functions
- Strong and proven experience gained within financial institutions including monitoring experience
- A self-motivated individual who is enthusiastic and has a keen interest in risk and control frameworks as well as the regulatory landscape
- Excellent organizational skills and attention to detail, including the ability to manage multiple work-streams to tight deadlines and re-prioritise as required
- Think like an owner with a business mind-set and able to deal with issues independently
- A strong interest in and sound understanding of financial markets, products and wealth management
- Strong communication and negotiation skills as the role will involve communicating with employees of varying levels, with diverse roles and different languages
- Fluency in both verbal and written English and Chinese