Risk Manager Vice President - Wealth Management
Risk Manager Vice President - Wealth Management
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$ 150000 - 175000
1 Vacancy
Job Description
TheRisk Manager is responsible for the daytoday oversightofthebusinessensuringthe strategic objectives of the Wealth Management Department are being met risks are adequately mitigated and the general supervisory needs are being efficiently monitored. This includes providing direction to the advisors and support staff with the goal of mitigating regulatory market legal and reputational risk while at the same time aligning with the strategic profit and growth plan of the business. The risk manager closely collaborates with compliance and legal partners to effectuate sound decisions. This role requires detail orientation advanced interpersonal skills (especially lateral leadership) in addition to sound decision making. While organization and planning are critical this role inevitably requires high flexibility to handle unforeseen obstacles and opportunities.
DUTIES and RESPONSIBILITIES:
- Reviewand action exception reports and daily trade blotter.
- Review and approval of new accounts.
- Review and approval of money/security movements.
- General Suitability and Regulation Best Interest oversight.
- Supervision of Fixed Income Trading.
- Review and action Actimize Daily Monthly Quarterly alerts.
- Conduct active account reviews may require client contacts.
- Participation in ad hoc projects.
- Supervision of managed accounts including APM discretionary program.
- Working with Advisor teams to solve problems as they arise.
- Provide regulatory guidance to the field as needed.
- Supervision of Complex Products/Structured Notes Alternative Investments etc.
- Engage in Regulatory Inquires and Audits.
- Market Access Controls
- Internal/Public Communication supervision (including supervision of approved Social Media platforms).
- Marketing Review and Investment proposal review.
QUALIFICATIONS
- 5 years of work experience in financial services (wealth or investment management is a plus) focused on risk mitigation and supervisory support.
- BA/BS preferably in Finance Economics or Business
- Active Series 7 8 or 9/10 or 24 63/65 or 66 and willingness to obtain additional licenses as required.
- Sophisticated analytical and lateral influence skills
- Ability to prioritize projects and assignments individually and with others and adjust quickly based on opportunities.
- Ability to effectively communicate with advisors and support staff.
- Bilingual in Spanish and/or Portuguese a plus
Primary Location Full Time Salary Range of $150000 $175000.
Required Experience:
Chief
Employment Type
Full-Time
