Client Risk - Global Private Bank

Responsibilities

• Support the client risk team in assessment of account activity, client onboarding, and ongoing monitoring processes
• Perform and review Vulnerable Client Assessment requests independently
• Review and assess declared Total Net Worth and Liquid Net Worth through client lifecycle
• Conduct risk reviews by applying a strong control mindset and attention to detail in documentation and process execution
• Liaise effectively with private bankers, compliance, and other departments to ensure seamless risk-related communication and issue resolution
• Analyze data trends and risk indicators to support enhanced decision-making and reporting
• Assist in implementing and improving first line of defense procedures to align with regulatory changes and firm policies.
• Prepare and review risk reports, escalate issues when appropriate, and follow up on outstanding items to closure
• Contribute to training sessions and knowledge sharing within the team on risk controls, regulatory updates, and best practices
• Support ad hoc projects and process enhancements as directed by management

Requirements

• Demonstrated knowledge and experience in total net worth substantiation, including verification of assets and liabilities, review of supporting documents, and assessment of financial profiles
• Understanding and practical experience with vulnerable client assessment, including the identification, documentation, and escalation of potential vulnerabilities, and familiarity with relevant regulatory and ethical guidelines
• Fluency in Cantonese, English, and Mandarin
• Strong analytical skills, with the ability to interpret and synthesize complex data sets
• Hands-on experience with Microsoft Excel and Python (knowledge of data analysis, reporting, and automation techniques) and Copilot
• Familiarity with products and services commonly offered to private wealth management clients (e.g., structured products, funds, alternative investments)
• Basic knowledge of SFC, HKMA, and MAS regulatory expectations of private banking
• Strong communication skills-both verbal and written, with the ability to interact with diverse stakeholders across all levels.
• Detail-oriented with a strong control and risk management mindset.
• Experience in a first line of defense or similar risk/control function within private wealth management is preferred.
• Proven ability to manage multiple priorities and meet deadlines in a high-pressure environment.
• High level of integrity and commitment to confidentiality and ethical standards.
• Adaptability and willingness to learn about new products, systems, and regulatory changes.
• Bachelor's degree or above in Finance, Business, Economics, Risk Management, or a related field.