National Front Office Risk Manager

4 days ago

Sydney, Australia LGT Crestone Wealth Management Full time

Min Experience- 8 yearYour team
- Supporting the front office business (“FO”)
- Extensive interaction with Investment Advisers Nationally
- Interaction with Adviser Assistants and Associate Advisers Nationally

Your Role

The role is responsible for identifying, understanding, managing, monitoring and reporting on the risks in
the Front Office. They are involved in the day to day management of risks and follow the relevant risk
issues, errors, incidents, breaches and implement appropriate risk monitoring and remediation
measures to improve the control framework while remaining commercial.
This role is responsible, from a 1st line perspective, for:

- Lifting standards across the front office to protect the organisation from regulatory, reputation
- and litigation risk
- Implementing risk actions to manage and mitigate these risks
- Escalation to senior management of risks and incidents where necessary

More specifically
- Reviewing and maintaining the Business procedures including the FO Supervisory Manual and client advice process
- Provide the business and advisers with embedded day-to-day support and guidance on FO risk matters, including the client advice process and adherence to the standards expected
- Assisting in the preparation for the annual IA/Client file reviews and support advisers in post remediation activities
- Work with Risk, Legal and Compliance (RL&C) on establishing business practices that meet both commercial and regulatory requirements
- Coordinate FO risk and compliance related training & activities including 1:1 refresher where required
- Enhancing the supervisory & control process re delivery of advice and products
- Reviewing the business risk oversight of products
- Coordinating remediation (risk reduction and process improvement) of activities as necessary
- Coordinate and develop impact assessment and change management steps once regulatory changes have been identified by RL&C, that warrant consideration by the business to remain compliant
- Manage the risk approval and exceptions process pertaining to policies generally (eg client instructions, PAD, overseas trips, etc)
- Regular testing of key risk/compliance controls - eg completion of client risk profiles provision of FSGs, CPD training compliance
- Basic monitoring/testing of key controls, provision of 4 eye check, etc on a day to day basis

Your skills & experience
- 8+ years compliance and control experience in wealth management, and/or with regulators
- Knowledge and practical experience of local laws and regulations
- Good knowledge of compliance framework
- Experience in overseeing advisory business functions

Your role competencies
- Resourceful, self-starter
- Resilient
- Pragmatic
- Flexible
- Excellent Excel / data skills with an ability to educate on both processes and outputs.
- Excellent written and verbal communication skills with an ability to influence / negotiate.
- Able to demonstrate strong relationship management skills and ability to work with individuals at different levels.
- High level of attention to detail and experience in a fast-paced working environment.
- High levels of accuracy and driven in providing high quality standards of work.
- Strong analytical and problem-solving skills.
- Able to multi-task / manage diverse activities

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

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