HK Private Banking Chief Operating Officer

  • Competitive
  • Hong Kong Hong Kong Hong Kong HK
  • Permanent, Full time
  • Morgan McKinley Hong Kong
  • 18 Jul 18 2018-07-18

HK Private Banking Chief Operating Officer

My client, a reputable Private Bank is looking

  • Reports bold line to Chief Executive of the Branch and dotted line to Regional PB COO of Asia.
  • Designs and operates effective procedures to implement Bank's policies and directives and regulatory guidelines governing the front office activities.
  • Keeps abreast of changes in policies and regulatory guidelines, performs gap analysis and provides recommendations to ensure compliance.
  • Identifies, manages and mitigates risk arising from business activities.
  • Supports Bank's initiatives and projects relating to the front office.
  • Designs and produces front office management information reports.
  • Heads the two teams in PB First Line of Defense: (1) Private Banking Support (PBS) (2)
  • Business Risk Management (BRM), where PBS is pre and BRM is post- control.
  • Double hats as head of PBS, runs PBS and supervises CSOs.
  • Key contact for internal and external auditors for front office.
  • Supports Regional PB COO in discharging his / her duty PBS
  • Owns and maintains PBS control procedures.
  • Ensures quality of and compliances to guidelines and regulations of front office activities including client on-boarding and account maintenance and banking and investment services.
  • Provides and co-ordinates training for new front office hires.
  • Screens and sign off client information profiles and search results for approvals by Business Heads, and onward approvals by Compliance and Operations for account opening and periodic reviews.
  • Approves 3rd party transfers and pre-trade orders wherever required and requested.
  • Monitors front office business travels.
  • Manages CSO support and back up.
  • Reviews client grievances and complaints and supports Compliance in client
  • complaint handling.
  • Assists bankers and CSOs to resolve issues.
  • Other job functions including but not limited to participate in system enhancement
  • UAT, performs other day to day and ad hoc administration work and projects and
  • reporting.

Business Risk Management
  • Supports risk assessment by mapping core PB processes, identifying the material risks and defining corresponding controls.
  • Owns and maintains BRM control procedures.
  • Executes post controls including sample post-trade checks covering both solicited and execution trade voice logs, call reports, selling documentation and processes to ensure adherence to the control framework.
  • Reviews and monitors the front office and PBS' activities for control effectiveness.
  • Produces bankers' risk scorecard, in accordance with global policy.
  • Other job functions including but not limited to participate in system enhancement
  • UAT, performs other day to day and ad hoc administration work and projects and reporting.