AVP / VP Sales Control & Support, Private Banking

Our client, a leading financial services firm is currently looking for an experienced Private Banking, Middle Office Manager/Snr Mgr. Reporting to the Head of PB Control & Support, the incumbent will manage the middle office controls of post trade sales suitability & monitoring.

Key Focus:

• Manage the controls in Middle Office post trade sales suitability monitoring, call monitoring and posting of retail transaction for Private Bank business.
• Support Private Banking Client Advisors (CAs) in preparation electronic credit applications, credit documentation and mortgage loan application.
• Coordinate and collect the Initial Public Offers (IPO) for Private Banking clients.

Responsibilities – Manage & Guide a team of operational managers in to ensure:

• Post Trade Sales Suitability Monitoring to ensure commentary is received and actions are taken for unsuited trades as per internal policy and regulatory requirements.
• Call monitoring and perform Cross Border Guideline controls, follow up rectification and make recommendations as appropriate
• Coordinate and collect the IPO applications, perform allocation and obtain approval for allocation for institutional tranche
• Support the preparation of Credit Applications for submission to Private Banking Credit Risk for approval:
  – Obtain relevant information from CAs in preparation of electronic credit applications
  – Liaise with CAs to gather necessary information to Private Banking Credit Risk for credit assessment
  – Follow through the credit approval process until electronic credit application is approved
• Prepare the credit documentation for client’s signatory
• Assist CAs to submit the Mortgage Loan application
• Check daily foreign exchange report and follow up any invalidated trades with responsible parties until rectification is complete
• Clear Desk Policy Review
• Liaise with relevant parties, e.g. Compliance, Operational Risk, Compliance, etc. in migrating new and streamlining existing processes to maximize productivity and efficiency in Private Banking
• Conduct and coordinate periodic business monitoring and activities.  Escalate issues to Department Head.  Follow up on exceptional / unreconciled items / SARs, etc until resolution
• Assist Department Head in ad hoc projects from time to time

Qualifications & Skills

• University graduate
• Solid experience in banking operations and risk control and credit analyst, preferably in private banking business or wealth management
• Good communication, team player, interpersonal and leadership skills
• Ability to analyse situations, prioritise, implement processes, solve problem effectively and work independently
• Good command of writing and verbal English and Chinese
• Proficiency in MS Excel, PowerPoint and Word is a must

Excellent remuneration package offered to the successful candidate