Private Wealth Management, Non-Market Risk – Business Control Unit, Manager, Hong Kong

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Morgan Stanley
  • 21 Nov 17 2017-11-21

See job description for details

Morgan Stanley Private Wealth Management Asia provides highly customized financial advice, investment solutions and brokerage services to individuals, families and foundations. As Morgan Stanley’s premier service for individuals and families with significant means, we specialize in providing our clients with custom-tailored financial solutions and a level of sophistication and access to expertise and investments typically reserved for large corporations, financial institutions and governments.

The Asian PWM franchise is an increasingly important part of the Institutional Equities Division business. The rapidly growing and fast evolving nature of this business presents unique challenges to the effective construction of risk management architecture to identify, measure and/or monitor the financial, non–financial and regulatory risks.

The Non Market Risk team operates within the Asia Private Wealth Management business and oversees, monitors, measures and analyses non market risk exposure.

The primary responsibilities for this business supervision role include:

- Partner with the PWM business and control partners such as Compliance and Legal to establish the regulatory controls, governance framework and surveillance methodology.
- Perform daily supervisory and trade based surveillance reviews to ensure adherence to Firm's policy and procedures. Monitor and identify internal breaches / control weaknesses and conduct investigations. Recommend corrective actions where needed.
- Analyze reports and identify trends in monitoring reports. Prepare documentation to report and escalate to senior management any issues and exceptions highlighted.
- Oversee and manage outsourced surveillance teams to ensure that supervisory/surveillance reviews meet our performance criteria and quality standards.
- Coordinate with business units on operational risk areas to reduce the residual risks of the department and improve efficiency and effectiveness.


- 6+ years of relevant working experience in the banking industry
- Business controls, monitoring and testing or operational risk background
- Product knowledge of various asset-classes including equity, fixed income, listed and OTC derivatives and banking products
- Project Management skills
- Excellent verbal and written communication skills
- Proficient in English, Cantonese and Mandarin

- Risk, Compliance or Global Markets experience
- Previous work experience in a similar control/risk function within the business

University Degree