Your Role
The role’s overall responsibility is to be a trusted adviser to the Front Office, partnering in the identification and assessment of risk and compliance issues, then influencing outcomes while providing support to develop and implement appropriate control and mitigation activities, including monitoring and reporting processes.
Responsibilities include:
- Providing front line support to Advisers, Associate Advisers and Associates, Heads of Advisory, Front Office Risk Manager(s), and Regional Managers for Advisory Performance to monitor and manage their business risks and their compliance obligations. This will include reviewing, advising and challenging them in relation to issues, strategy, and BAU with a client aware risk and compliance lens and will involve both overseeing and supporting the implementation of related controls to manage and mitigate risks / meet their business obligations.
- Building effective and supportive relationships with key stakeholders to facilitate a strong culture of risk and compliance awareness, oversight, ownership, and management, while influencing to maintain appropriate standards of business practice consistent with organisational, ethical and regulatory requirements.
- Assisting the Business to understand and implement the risk, compliance and controls frameworks required by LGT Crestone and the wider LGT Group, together with related policies, procedures and tools, and to ensure they are integrated efficiently and effectively into day-to-day business operations.
- Working with the Front Office Business Units to develop, maintain and regularly review:
- Risk and compliance:
- Objectives and priorities.
- Accountabilities and responsibilities.
- Training, education and awareness campaigns.
- Supervisory processes and required R&C oversight activity.
- Reporting requirements.
- Risk profiles, risk registers, risk controls and risk indicators.
- Compliance plans, procedures, controls and registers.
- Processes to identify, manage and resolve incidents, breaches and complaints.
- Liaising with the Legal team to continually monitor the wider regulatory environment for changes to obligations impacting the Front Office Business Units and ensuring that any applicable changes or new regulatory obligations are appropriately implemented in a timely manner.
- Assisting stakeholders on assurance activities within the Front Office Business Units and conducting second line of defence monitoring of risk and compliance management processes and controls, including conducting rolling Investment Adviser client file reviews and investigating incidents, breaches and complaints in a timely manner as required.
- Providing direct support to the Heads of Advisory, Responsible Managers, Front Office Risk Manager(s), and Business Managers, and proactively contributing to relevant business governance processes such as the Risk & Compliance Committee as required.
- Providing incidental Risk & Compliance support across the risk and compliance team and other business units as required.
Your skills & experience
Your skills and experience
- 5+ years risk, compliance and/or assurance experience in wealth management and/or with regulators with a focus on wealth management.
- Understanding of the Wholesale and Retail regulatory environments within Australia.
- Experience overseeing wealth management advice business functions, including monitoring and conducting file reviews (preferably with a Wholesale client focus).
- Experience working with client advisers, including managing expectations and communicating difficult messages.
- Understanding of the financial advice process and/or the different products and services that Wealth Managers offer to their clients.
- Knowledge and practical experience of risk and compliance management frameworks and processes.
- Knowledge and practical experience of local financial services laws and regulations.
- Knowledge of the Australian Privacy Principles and Privacy Act 1988 would be highly regarded.
Your qualifications
- Bachelor’s degree in Commerce, Management, Finance or Law.
- Relevant industry qualifications / certifications, such as RG 146 is desirable.
