Risk and Compliance Advisor

Risk and Compliance Advisor (Front Office) Sydney (AU)

LGT is the largest Private Banking and Asset Management group in the world to be owned by an entrepreneurial family. As the family office of the Princely House of Liechtenstein, we have years of experience in the management of sizeable sums of assets.

Your role

- Risk, Legal & Compliance (RL&C) consists of 16 people based in Sydney and 5 in Melbourne.

- The RL&C team covers operational risk, compliance, legal, AML, information security, company secretarial and enterprise risk management functions.

- The RL&C team interact extensively with employees across the business and the wider LGT Group in APAC and Europe.

- The RL&C team actively assist business, focusing on pragmatic solutions to deliver good risk and compliance insights and outcomes while driving business ownership into the first line of defence.

- The role is within Risk & Compliance, a sub-team within the wider RL&C function.

- This role’s key stakeholders are the Heads of Advisory, the Front Office Risk Manager, the Investment Advisers and Associates and Regional Managers for Advisory Performance.

Your impact and contribution

- Support and advise the Front Office Advisory business and their first line of defence to ensure all regulatory standards and compliance requirements are fulfilled.

- Perform second line of defence risk and compliance activities including ongoing monitoring and oversight to ensure that the business identifies, understands, documents and appropriately manages the risks it is taking and meets its regulatory obligations.

- Work collaboratively with the business to embed a general understanding of our risk appetite, drive pragmatic discussions around managing risks per appetite and assist the business to implement systems, processes and procedures that support appropriate risk and compliance outcomes.

- Empower the business to provide exceptional client service, create a sustainable business environment and support agility in identifying and dealing with issues that arise.

Responsibilities include:

- Providing front line support to Advisers, Associate Advisers and Associates, Heads of Advisory, Front Office Risk Manager(s), and Regional Managers for Advisory Performance to monitor and manage their business risks and their compliance obligations. This will include reviewing, advising and challenging them in relation to issues, strategy, and BAU with a client aware risk and compliance lens and will involve both overseeing and supporting the implementation of related controls to manage and mitigate risks / meet their business obligations.

- Building effective and supportive relationships with key stakeholders to facilitate a strong culture of risk and compliance awareness, oversight, ownership, and management, while influencing to maintain appropriate standards of business practice consistent with organisational, ethical and regulatory requirements.

- Assisting the Business to understand and implement the risk, compliance and controls frameworks required by LGT Crestone and the wider LGT Group, together with related policies, procedures and tools, and to ensure they are integrated efficiently and effectively into day-to-day business operations.

- Working with the Front Office Business Units to develop, maintain and regularly review:

- Risk and compliance:

- Objectives and priorities.

- Accountabilities and responsibilities.

- Training, education and awareness campaigns.

- Supervisory processes and required R&C oversight activity.

- Reporting requirements.

- Risk profiles, risk registers, risk controls and risk indicators.

- Compliance plans, procedures, controls and registers.

- Processes to identify, manage and resolve incidents, breaches and complaints.

- Liaising with the Legal team to continually monitor the wider regulatory environment for changes to obligations impacting the Front Office Business Units and ensuring that any applicable changes or new regulatory obligations are appropriately implemented in a timely manner.

- Assisting stakeholders on assurance activities within the Front Office Business Units and conducting second line of defence monitoring of risk and compliance management processes and controls, including conducting rolling Investment Adviser client file reviews and investigating incidents, breaches and complaints in a timely manner as required.

- Providing direct support to the Heads of Advisory, Responsible Managers, Front Office Risk Manager(s), and Business Managers, and proactively contributing to relevant business governance processes such as the Risk & Compliance Committee as required.

- Providing incidental Risk & Compliance support across the risk and compliance team and other business units as required.

Your profile

- 5+ years risk, compliance and/or assurance experience in wealth management and/or with regulators with a focus on wealth management.

- Understanding of the Wholesale and Retail regulatory environments within Australia.

- Experience overseeing wealth management advice business functions, including monitoring and conducting file reviews (preferably with a Wholesale client focus).

- Experience working with client advisers, including managing expectations and communicating difficult messages.

- Understanding of the financial advice process and/or the different products and services that Wealth Managers offer to their clients.

- Knowledge and practical experience of risk and compliance management frameworks and processes.

- Knowledge and practical experience of local financial services laws and regulations.

- Knowledge of the Australian Privacy Principles and Privacy Act 1988 would be highly regarded.

- Bachelor’s degree in Commerce, Management, Finance or Law.

- Relevant industry qualifications / certifications, such as RG 146 is desirable.

Interested in the role?

Interested in the role? Complete the online application. We look forward to getting to know you.

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