Business Manager, VP - Private Banking

  • AUD0.00 per annum
  • Hong Kong
  • Permanent, Full time
  • Morgan McKinley Hong Kong
  • 23 Sep 16

An top tier private bank is looking for a Business Manager to cope with their business expansion. They are now looking for a high caliber candidate to join the team.

An top tier private bank is looking for a Business Manager to cope with their business expansion. They are now looking for a high caliber candidate to join the team.

  • Supervise day-to-day activities of sales team.
  • Oversee responsibilities outlined in the Compliance Manual, including transaction review and approval.
  • Special trade approvals (e.g. block trade, cross trade, complex structures).
  • Point-of-escalation for issues handling and supervisory inquiries from sales representatives.
  • Provide coaching and guidance on policies and procedures in order to promote a strong culture of risk awareness.
  • Customer complaints handling and resolution (via liaison with the Legal and Compliance Division if necessary) to ensure appropriate supervisory oversight is maintained at all times.
  • Errors handling and resolution.
  • Troubleshoot complicated issues relating to trade execution, booking, settlement & funding.
  • Responsible for the service/operations functions with focus on consistency, quality, and compliance with Firm policies and procedures, e.g. reviewing and approving journals, payments and other client instructions.
  • Participate in regional projects as necessary (e.g. support new product approvals, rollout of new application, enhancements).
  • Supervise and manage Client Service Associates.
  • To drive and facilitate projects/ initiatives impacting Front Office team, ensuring an efficient business framework
  • Maintain / update the procedures manual and communicate updates on new or improved workflows/ procedures to the Sales team
  • Work with first line, second line and third line of defense to identify key risk areas and adopt action plans to continue seek improvement of our risk control process in the front office.
  • Represent front office in engaging in internal and external audits, Compliance testing assignments and also Risk and Control Self Assessments, to drive strong risk culture in the front office

The Successful Candidate:

  • Minimum of 8 years relevant experience in Business Management in a Private Bank or Wealth Management industry
  • Good knowledge of private banking and investment products and strong understanding of HKMA and SFC regulations in HK
  • Excellent communication skills in fluent English and ideally Chinese languages
  • Strong track record in a team management role
  • Good leadership and time management skills

For a confidential enquiry please contact Bowie Chan on +852 3907 3913 or by email:bchan@morganmckinley.com.hk. Data provided is for recruitment purposes only. Only short listed candidates will be notified.