Senior Manager/VP - State Risk Manager (NSW & QLD)

  • Competitive
  • Sydney, New South Wales, Australia Sydney New South Wales AU
  • Permanent, Full time
  • Morgan Stanley
  • 26 Sep 18 2018-09-26

See job description for details

Morgan Stanley Wealth Management provides holistic Wealth Management services to individual clients investing in both domestic and international markets, as well as wealth management services including financial planning, margin lending and managed funds investments.

The NSW & Queensland Risk Manager will be responsible for undertaking all supervisory obligations of the NSW & Queensland branches as set out in the State Manager’s manual as well as dealing with the Compliance and Operational aspects of the two states. The NSW & Queensland Risk Manager will also be required to assist with supervisory and project involvement for other state offices, as required.

In this role, you will be responsible for the following:

• Provide solutions to elevated risk issues within the State;

• Responsible for identifying and providing guidance to the relevant State Manager and Head of Risk on risk matters;

• Develop strong working relationships with State staff to facilitate a harmonious State environment;

• Responsible for providing guidance to advisers relating to their regulatory and risk obligations as well as proactively managing the firm’s advice/suitability framework to ensure compliance at all times

• Undertake detailed, documented account reviews including all discussions with the Financial Advisor and client (the role will have direct client contact, both face to face and phone)

• Provide guidance and sign off for complex accounts across all product suites including, equities, wholesale, options, fee based, discretionary and international accounts;

• Work with the Legal & Compliance team in respect of complaint resolution;

• Provide risk coverage and support to other State Risk Managers as required;

• Work closely with Central Risk team to enhance the supervisory framework and contribute to projects as needed;

• In conjunction with the State Manager, ensure the Branch maintains the ethical standards contained in the Company Code of Conduct; firm policies and procedures, regulatory and legislative requirements;

Your strong understanding of Risk, the Corps Act and sense of initiative together with outstanding attention to detail will see you excel in this role.


The successful candidate will have:

• Detailed knowledge of Australian and International security regulations and compliance requirements, including ASX Market Rules, Securities Clearing House Business Rules, Australian Clearing House Rules, Corporations Act and ASIC Policies;

• Ability to identify risk and minimize potential liabilities to the business;

• Extensive knowledge of the financial market fundamentals and the ability to apply this knowledge to ensure technical or professional solutions are delivered;

• Ability to understand and where required create profit and loss reporting (financial position of account across asset classes)

• Leadership skills, with the ability to initiate, develop and lead relationships and business transactions;

• Strong client focus with the ability to build rapport at all levels, both internal and external;

• Highly developed interpersonal, negotiation and relationship management skills, including dispute resolution and relationship building;

• ASIC RG 146 compliant;

• ADA 1 & 2;

• Tertiary qualifications or recognised industry qualifications essential;

• Experience in a leadership/management capacity;

• Experience in financial markets risk/supervision is essential, with a strong understanding of stockbroking trade flows and operations;

If you are looking for the next step in your career in a challenging, dynamic and focused work environment where your contribution is valued and recognised, apply now.