Private Wealth Management Asia, Business Unit Risk Management - Vice President Private Wealth Management Asia, Business Unit Risk  …

Morgan Stanley
in Hong Kong
Permanent, Full time
Last application, 30 Nov 21
Competitive
Morgan Stanley
in Hong Kong
Permanent, Full time
Last application, 30 Nov 21
Competitive
Private Wealth Management Asia, Business Unit Risk Management - Vice President

Morgan Stanley has been serving ultra-high net worth individuals, corporates and asset owners in Asia for over 30 years. Leveraging strong connectivity to Morgan Stanley's renowned Investment Bank, Morgan Stanley Private Wealth Management Asia delivers the global resources, product expertise and personalized service needed to address the complex challenges of managing significant wealth:

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 Employer. Learn more at: https://www.morganstanley.com/people-opportunities/eeo.

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.

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 Business Unit Risk Management team operates within the Asia Private Wealth Management business as the first line of defense; is responsible for structuring and implementing the risk management framework.

Key Risk responsibilities included in this role is managing the Margin/Credit & Investment Management Services Risk Management from a 1st line of defense:

- Monitoring the margin exposure level of client portfolio
- Following up with Sales team on any margin deficit of client portfolio
- Review impacts of market news on lending activity
- Perform active risk review of clients' portfolio, Thematic stress scenarios & exposure review
- Close partnership with IFG, Credit, CTB, and Operations teams on PWM Margin renovation project.
- Oversees risk for Discretionary portfolio mandates (account opening, pre trades, portfolio mandates periodic review)
- Act as escalation point for risk and margin
- Promote awareness of risk management best practices
- Capture and analyze 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, Finance, CTB and IT to identify, assess and mitigate business related risks.
- Work with the organization including Sales, Account Management Team, IMS, Credit & IFG 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.
- Prepare documentation to report and escalate to senior management trend analysis.
- Managing a team of risk managers
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