Asset & Wealth Management, Private Bank, Governance and Project, Associate - Dallas

YOUR IMPACT

As a member of the Private Bank Mortgage team you will play a key role in a growing business, where you will be part of a team that builds, manages and oversees the Private Bank Mortgage platforms (i) governance and controls framework; (ii) alignment with State & Federal legal/compliance requirements, and (iii) internal project management in order to deliver efficiencies and mitigate various risks that enables excellence in execution for its clients. This role will be working directly with the Private Bank Mortgage Management team, as well as coordinating with Private Bank Governance and firm wide project change management.

OUR IMPACT

The Private Bank is a business unit of the Asset and Wealth Management Division (AWM) that provides tailored lending and banking products, such as bank loans, mortgages, deposits and margin financings, to high-net-worth clients of the firm's global Wealth Management businesses. The Private Bank has an ambitious growth agenda which will require more investment in appropriately managing operational and regulatory risks.

The Private Bank Mortgage team has its main operational hub in Dallas, with sales distribution located in domestic Private Wealth offices. The Mortgage Team has established and oversees a robust governance and controls program, proactively aligning with the Private Bank's governance and controls program. They examine processes and procedures to drive increase business efficiency and profitability, and providing legal and regulatory expertise in structuring specific mortgage transactions.

As part of the firm's desire to increase durable revenues, the Private bank is growing.

The Mortgage team is integral part of the Private Bank's forward growth plans.

HOW YOU WILL FULFILL YOUR POTENTIAL

General

• Managing multiple tasks and use sound judgment when prioritizing.
• Establishing trusted partnerships with peers, functional leads, and executive level stakeholders.
• Helping drive execution of the business strategy across multiple functions including new product development, risk management, reporting, and service delivery.
• Collaborating with large groups of cross-divisional resources to advance business objectives, including Private Bank Lenders, the Private Bank Underwriting team, the Private Bank Deposits team, Operations, Technology, Controllers, Treasury, Credit, Legal, and Compliance, as well as entity, divisional and firm leadership.
• Supporting the management of large-scale projects and business priorities; project management responsibilities could include leading cross-divisional working groups, establishing and managing project timelines and key deliverables.

Governance, Projects and Controls

• Organizing the Private Bank's Mortgage team's response to meet firmwide project deliverables.
• Overseeing mortgage product governance to ensure the right policies and procedures are in place.
• Alongside PB Mortgage management, implementing workflows and controls to ensure appropriate risk mitigation.
• Preparing materials for and presenting and attending at various internal working groups, committees and board meetings.
• Implementing controls to ensure new regulations and laws are adhered to by the Private Bank alongside compliance and legal advice
• Assisting with the Risk, Control and Self-Assessment (RCSA) including coordinating and executing requirements per Firmwide standards.
• Co-ordinating outsourcing and Business Continuity Plans.
• Co-ordination of Private Bank audits (both internal and external)
• Assisting with Private Bank legal entity oversight and governance, including senior manager reporting and board reporting.
• Assisting with actively managing US bank regulation workflows
• Organizing the Private Bank's response to meet firmwide project deliverables.

SKILLS & EXPERIENCE WE'RE LOOKING FOR

• A Bachelor's degree with some relevant professional experience within financial services, or providing services to the financial services.
• Strong presentation skills, organizational and interpersonal skills, and leadership presence.
• Must be independent and comfortable in a fast paced, ambiguous, and often multi-directional work environment.
• Ability to be creative, collaborate widely and deliver on key risk objectives in a fast-paced start-up environment.
• A desire to learn new skills and grow.
• Team oriented; strong interpersonal and communication skills.
• Self-motivated and proactive team player, who takes ownership and accountability of projects, has strong organizational skills as well as the ability to effectively manage competing priorities within deadlines.
• Flexible and able to work well under pressure in a team environment.
• Prior experience of working within a global investment bank would be a plus.
• Clear English communication skills (written and spoken).
• Strong analytical, interpersonal, problem solving, organizational and time management skills.
• Excellent interpersonal, verbal and written communication skills. Able to present and communicate status and risks and technical details with impact and influence.