Asset Servicing Risk Analyst Job

Asset Servicing Risk Analyst (Job Number: 1315763)

Description

Incumbent will assume responsibility for the Asset Servicing new business acceptance function by monitoring documentation and adherence to relevant policies. Specific responsibilities include the following: Business Acceptance Organize weekly Asset Servicing BAC Meetings (Global Financial Institutions, US Asset Servicing, and Americas Alternative Investment Services). Facilitate the Asset Servicing Business Acceptance Committee process as Secretary of the Business Acceptance Committees. This includes developing respective BAC packages which get distributed to Senior Management, Auditors and Compliance Teams. The packages must be timely, complete and thorough. Liaise with Relationship Executives/Service Directors/Global Client Administration Associates/ Sales/Compliance on New Business Acceptance and regulatory Matters, elevate to manager as appropriate with recommended solution(s)/risk mitigants. Conduct training, communicate/interact with LOBs as needed to ensure business acceptance policies are properly understood and executed. Work collaboratively with Risk and Compliance Colleagues to maintain an efficient and effective Business Acceptance model that meets business and regulatory requirements. Ensure the Asset Servicing BAC Policy and Procedures is reflective of current and best practices. Develop understanding of Asset Servicing services products, and apply knowledge to assess Non-standard submission -- focus on ensuring non-standard terms are identified, and associated risks mitigated prior to acceptance/termination of the business / conversion of assets. Challenge business managers regarding adherence to polices and ensuring complete transparent disclosure of non-standard issues. Provide guidance to the Business line to understand opportunity risks so they can be freely vetted. On a weekly basis post meeting events identifying more significant nonstandard BAC events with Risk involvement for inclusion on the monthly dashboard report that goes to Regulators and Senior Executive Management. Also provide concise, condensed commentary surrounding the event for inclusion on the Management Reports. Maintain Open Issues Lists (at least monthly). Distribute Lists /meet with LOB to ensure an effective effort is maintained to resolve outstanding issues/documents on a timely basis. Creatively respond to internal and external client proposals while maintaining effective internal control. Using the monthly Sales/Conversion reports, periodically perform reconciliation to ensure that all eligible Business Acceptance Events come through the BAC. Create a Findings memo and issue to the BAC Vice Chairman and Executive Management for inclusion in the Business Risk Meetings.

Qualifications

Bachelors Degree. 6 years of prior Asset Servicing /Trust Industry experience is required (e.g., accounting/client service /cash management/securities processing).

Primary Location: Boston, MA, US
Internal Jobcode: 08393
Job: Audit/Compliance/Risk
Organization: Risk-HR06016

October 10, 2013 • Tags: , • Posted in: Financial

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