VP - Head of Risk, Wealth Management VP - 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
VP - Head of Risk, Wealth Management
Vice President

Qualifications:


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;

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