Head of Risk, Wealth Management Head of Risk, Wealth Management …

Morgan Stanley
in Sydney, New South Wales, Australia
Permanent, Full time
Be the first to apply
Competitive
Morgan Stanley
in Sydney, New South Wales, Australia
Permanent, Full time
Be the first to apply
Competitive
Head of Risk, Wealth Management
About The Company

Morgan Stanley is a global financial services firm and a market leader in investment banking, securities, investment management and wealth management services. With offices in more than 43 countries the people of Morgan Stanley are dedicated to providing our clients the finest thinking, product and services to help them achieve even the most challenging goals.

About The Team

This role sits within the Australian Wealth Management Risk Team and the key function is to manage, oversee and control risk management processes and policies for the Wealth management business in Australia reporting to the Head of International Wealth Management Risk in Hong Kong & dotted local reporting to the Chief Executive Officer.

This include Operations Risk, Credit Risk and Product Risk.

Key Accountabilities

• Enhance / build solid client relationships with key stakeholders relevant to designated coverage responsibilities;
• Develop a full understanding of the business and operational risks within Australia
• Assist the divisions in Australia with highlighting their key operational risks and management of risk levels against designated risk tolerance limits at a divisional and Firm level;
• Ensure standardization and consistency in risk management policies and procedures applicable across the business
• Oversee and manage risk management activities across interstate branch risk management functions.
• Chair and organization of various risk committees.
• Provide risk coverage and support to other State Risk Managers as required;
• Work closely with Central Risk team to enhance the supervisory framework and contribute to projects as needed;
• In conjunction with the State Manager, ensure the Branch maintains the ethical standards contained in the Company Code of Conduct; firm policies and procedures, regulatory and legislative requirements;
• Partner with functional groups, including Legal, Compliance, Operations, Credit, Tax, Financial Crimes Group and IT to identify, assess and mitigate business related risks.
• lead special risk projects for the BU as required
• Govern all New Business initiatives and work with the business and functional support areas on these initiatives.
• Support regulatory inquiries, internal audits and compliance testing across the Australian business.
• Track report and manage all operational risk incidents.
• Manage the annual Risk and Control Self-Assessment program.
• Work with the Australian Wealth Business on day-to-day queries and issues.
• Manage other business and regulatory project initiatives partnering with regional or local functional groups.
• Prioritize competing adviser or business requests in a fast paced environment.
• Establish and maintain relationships with other internal stakeholders and departments.
• Comply with the ethical standards contained within the Company Code of Conduct.
• Adhere to Company policies and procedures, regulatory and legislative requirements.
• Work closely with Central Risk team to enhance the supervisory framework and contribute to projects as needed;
• In conjunction with the State Manager, ensure the Branch maintains the ethical standards contained in the Company Code of Conduct; firm policies and procedures, regulatory and legislative requirements;

Qualifications:


Key Competencies/ Skills

Technical/ Specialist Skills/ Competencies

• Extensive Risk Management or Compliance experience.
• Experience in a leadership/management capacity
• Advanced MS Word, PowerPoint, Outlook and Excel skills
• Strong knowledge of Australian and International Financial Markets including knowledge of equities, listed and OTC Derivatives, fixed income and foreign exchange products.
• High attention to detail and an analytical mindset.
• Strong project management skills
• Strong organisational skills.

Personal Attributes/Interpersonal Skills

• Excellent communication skills both verbal and written
• Display a high level of resilience and strong ability to prioritise tasks
• Goal-oriented with demonstrated drive and initiative

Qualifications / Experience Required

• University Degree qualified in Finance, Business or Economics degree preferable but not essential.
• Recognized industry qualifications preferred but not essential
• Approximately 10 years of prior Operational Risk Management or Compliance experience
• Experience within wealth management, financial planning or banking highly desirable.

Equal Opportunity Statement

Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential. Our skilled and creative workforce is comprised of individuals drawn from a broad cross section of the global communities in which we operate and who reflect a variety of backgrounds, talents, perspectives and experiences. Our strong commitment to a culture of inclusion is evident through our constant focus on recruiting, developing and advancing individuals based on their skills and talents.
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