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Private Wealth Management, Non-Market Risk team,Senior Manager/VP, Hong Kong
September 13, 2019
Morgan Stanley Private Wealth Management Asia provides highly customized financial advice, investment solutions and brokerage services to individuals, families and foundations.
As Morgan Stanley's premier service for individuals and families with significant means, we specialize in providing our clients with custom-tailored financial solutions and a level of sophistication and access to expertise and investments typically reserved for large corporations, financial institutions and governments.
The Non Market Risk team operates within the Asia Private Wealth Management business as the first line of defence; is responsible for structuring and implementing the risk management framework.
Key Non-Market Risk responsibilities included in this role are:
- Promote awareness of operational risk and risk management best practices - Capture and analyze operational loss data & advise management in developing effective mitigation steps and controls - Ensure standardization and consistency in risk management policies and procedures applicable to Wealth Management - Partner with functional groups, including Legal, Compliance, Operations, Credit, Tax, FCG and IT to identify, assess and mitigate business related risks. - Govern all New Business initiatives and work with desk and functional support areas on these initiatives. - Support regulatory inquiries, internal audits and compliance testing for the wealth management business - Serve as a contact for Information Security, Conflicts and wall crossing purposes. - Track and manage all operational risk incidents and run with the periodic Risk and Control Self-Assessment program. - Work with the organization including Business Resource Management (BRM), Operational Risk Department (ORD) on day-to-day queries and issues. - Identify and participate in process re-engineering projects to reduce the residual risks of the department and improve efficiency and effectiveness. - Analyze reports and identify trends in assessing the risk of the business. - Perform independent reviews of our business against our regulators expectation - Prepare documentation to report and escalate to senior management trend analysis.
- 7+ years of relevant working experience in the banking industry
- Positive mindset and attitude - First line of defense experience - Product knowledge of various asset-classes including equity, fixed income, listed and OTC derivatives and banking products - An analytical mindset - Project Management skills - Excellent verbal and written communication skills - Demonstrates Leadership capabilities - Proficient in English
DESIRED SKILLS (Optional): - Risk, Compliance or Global Markets experience - Previous work experience in a similar control/risk function within the business - Cantonese and Mandarin
- Proficient in technology usage
EDUCATIONAL BACKGROUND: University Degree
Internal Number: 6512458
About Morgan Stanley
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