Private Wealth Management Asia, Burm Product Risk - Singapore - Morgan Stanley
Description
Private Wealth Management Asia, BURM Product Risk Team Lead - Vice President and Senior ManagerJob Number:
3233976
POSTING DATE:
Mar 20, 2023
PRIMARY LOCATION:
Non-Japan Asia-Singapore-Singapore-Singapore
EDUCATION LEVEL:
Bachelor's Degree
JOB:
Product Management
EMPLOYMENT TYPE:
Full Time
JOB LEVEL:
Vice President
DESCRIPTION
- Morgan Stanley has been serving ultrahigh net worth individuals, corporates and asset owners in Asia for over 30 years.
Flow Products
Fund Investments
Alternatives & Privates
Financing Solutions
Strategy Advisory
Wealth Planning
Capital Markets Access
Cash Management
Why Morgan Stanley?
Morgan Stanley (
NYSE:
MS) is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 41 countries, our employees serve clients worldwide including corporations, governments, institutions and individuals.
Building on over 30 years of delivering first-class business in a first-class way, Morgan Stanley helps Asia wealth management clients succeed by delivering the Firm's global reach, product leadership and investment expertise.
To reinforce our commitment to the region, we have established Morgan Stanley Bank Asia Limited, a licensed bank in Hong Kong and a wholesale bank in Singapore, to conduct private wealth management business in Asia.
You'll find that the competitive compensation packages with benefits, the established career paths and our culture and values all make Morgan Stanley a great place to develop your career.
Morgan Stanley is an Equal Opportunity EmployerLearn more at:
The Singapore Product Risk team operates within Business Unit Risk Management team of Asia Private Wealth Management ("AWM") business as the first line of defense; the team is responsible for structuring and implementing the risk management framework around product governance, trade approvals and asset transfers primarily for Singapore branch of the AWM business.
- Managing the Singapore product risk team and serves as escalation point for trade errors for AWM Singapore branch
- Review, assess and approve complex and/or bespoke trades and asset transfer requests for clients of AWM Singapore branch
- Assist in reviewing Product due diligence across all PWM products/asset classes including OTC derivatives & discretionary portfolio management before trading desk can offer the product for AWM clients
- Well versed with the regulatory requirements across products and asset transfers; and implement required controls to ensure compliance
- Work closely with various stakeholders including trading desk, Legal & Compliance and on risk governance related to Product Risk, Product Due Diligence and Asset Transfer
- Ability to prepare various risk models to provide with the product risk rating
- Ensure standardization and consistency in risk management policies and procedures applicable to AWM business
- Facilitate new business initiatives and work with trading desk and functional support teams on these initiatives.
- Support regulatory inquiries, internal audits and compliance testing for the AWM business
- Participate in ongoing projects to streamline processes including system enhancement to manage the risk of the business in an effective and efficient manner
- Promote awareness of positive risk culture within the business
- Provide cross coverage to Hong Kong and Australia product team where necessary
QUALIFICATIONS
- Bachelor's degree with minimum 5+ years of relevant working experience in the private banking industry as first line of defense
- Prior experience in people management preferably with overseas working experience
- Product knowledge of various assetclasses including equity, fixed income, listed and OTC derivatives and banking products
- Regulatory knowledge around regulatory requirement from HKMA, SFC and MAS perspective
- Regulatory knowledge around ASIC requirement is preferred
- Ability to multitask and work under stress
- A selfmotivated fast learner and a good team player
- Excellent verbal and written communication skills
- Proficient in both English and Mandarin preferred
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