Save Job Back to Search Job Description Summary Similar JobsTier 1 US Investment bank - under Private wealth management sectorGood exposure in product risk, due diligence, risk managementAbout Our ClientOur client is a well-known established US investment bank that provides wealth and investment services for more than 400 years of history in over 40 countries. They are currently looking for a Product Risk Analyst to be responsible for product risk management, daily monitoring and regular due diligence on investment product risk assessment for private banking clients.Job DescriptionReview, assess, and approve complex or customised asset transfer requests for clients within Asset and Wealth Management (AWM).Conduct independent investigations into intricate asset transfer requests by collaborating with client-facing teams and various control functions.Identify and escalate issues arising from asset transfer requests to management and, when appropriate, to the second line of defence.Assist in the product due diligence process for all Private Wealth Management (PWM) products and asset classes, including OTC derivatives and discretionary portfolio management, prior to their availability to AWM clients.Ensure compliance with regulatory requirements related to asset transfers and products by implementing the necessary controls.Collaborate with stakeholders, including the trading desk and Legal and Compliance teams, to manage risks associated with Product Risk, Product Due Diligence, and Asset Transfers.Contribute to the product governance framework by participating in regular committee meetings and overseeing product risk rating processes.Support projects that focus on risk management and control related to asset transfers, trade execution, and fee control processes.Maintain and update product-related information, including features and risk ratings, ensuring accurate representation in internal and client systems.Ensure uniformity and consistency in risk management policies and procedures relevant to the AWM business.Facilitate new business initiatives by working closely with the trading desk and functional support teams.Assist with regulatory inquiries, internal audits, and compliance testing for the AWM business.Engage in projects aimed at streamlining processes and enhancing systems for effective risk management.Promote a positive risk culture throughout the organisation.Provide cross-coverage support to the product teams in Singapore and Australia as needed.The Successful ApplicantBachelor's Degree holder of business administration or relevant disciplineAt least 5 years of working experience in 1st line of defence under product risk management field under PWM sectorKnowledge on different financial products (derivatives, structured products, funds), strong risk mindset and identify unusual trading patternGood understanding in HKMA, SFC and MAS' rulesStrong attention to detail, technical skills with clear and logical mannerWork collaboratively with team memberStrong quick learning ability to understand policies, procedures, systems, process and controlsExcellent of written and verbal communication skills in English and ChineseWhat's on OfferStimulating and challenging workGreat global exposureCompetitive remuneration package7 days of ALMedical benefits includedContactMichelle LeungQuote job refJN-092024-6539981Phone number+852 3602 2489Job summaryFunctionBanking & Financial ServicesSpecialisationRisk ManagementIndustryFinancial ServicesLocationHong KongJob Type:TemporaryConsultant nameMichelle LeungConsultant phone+852 3602 2489Job ReferenceJN-092024-6539981
