Private Wealth Risk Officer
About The Position
Bernstein Private Wealth Management (“Bernstein”), also a subsidiary of AllianceBernstein L.P. (AB), provides advanced planning strategies and a wide array of investment management services to high-net-worth families, endowments and foundations, and institutions to help them reach specific financial objectives. Bernstein Private Wealth Management is distinguished among major wealth managers by its single focus and the resulting alignment of interests and accountability this brings to each client relationship. Bernstein’s integrated approach allows the firm to tailor each client’s portfolio, minimizing the effects of tax and volatility, with investment strategies that draw on AB’s deep research expertise across asset classes and geographies. We are seeking a Risk Officer who will work within the Bernstein Private Wealth Risk Management Team and will be primarily responsible for implementing a risk oversight framework to monitor and assess risk for our Private Wealth business, leading and supporting strategic risk initiatives across Private Wealth areas to improve business functions and reduce risk, identifying new areas for improvement, uncovering underappreciated risks, creating and curating risk dashboards to measure and track relevant risk factors, presenting to the risk management team, business heads and senior management on risk management efforts and initiatives, assisting with a new buildout of Investment Risk technology infrastructure for investment risk oversight, utilizing our Error and Incident Tracking System to diagnose thematic risks and develop proactive controls and solutions, partnering with compliance, legal, operations, portfolio management, sales, fund accounting, and other groups to establish a robust control environment, and completing Risk Reviews for at-risk business processes, groups or business units.
Requirements
- Bachelor’s degree
- 5-10 years relevant work experience, preferably with operational risk or process management
- Strong project management skills
- Highly analytical with a strong attention to detail
- Superior communication and interpersonal skills in order to elicit consensus from senior managers and colleagues in the firm
- Self-starter with the ability to work both independently and as part of a team.
- Intermediate level understanding of the financial markets
- FINRA regulatory experience
Nice To Haves
- Series 24 preferred
Responsibilities
- Implement a risk oversight framework to monitor and assess risk for our Private Wealth business
- Lead and support strategic risk initiatives across Private Wealth areas to improve business functions and reduce risk
- Identify new areas for improvement, uncover underappreciated risks
- Create and curate risk dashboards to measure and track relevant risk factors
- Present to the risk management team, business heads and senior management on risk management efforts and initiatives
- Assist with a new buildout of Investment Risk technology infrastructure for investment risk oversight
- Utilize our Error and Incident Tracking System to diagnose thematic risks and develop proactive controls and solutions
- Partner with compliance, legal, operations, portfolio management, sales, fund accounting, and other groups to establish a robust control environment
- Complete Risk Reviews for at-risk business processes, groups or business units
- Work with senior risk management professionals to highlight significant areas of concern and required action
- Support the Risk Manager in operational risk analysis and other operational risk projects
- Manage projects and lead, help us continue to grow as a firm and work across teams as an advocate for risk management
- Lead projects to facilitate the implementation of risk mitigations
- Identify and monitoring Key Risk Indicators
- Participate and lead in various working groups and forums focused on managing operational risk
- Join Industry Forums
- Represent Private Client Risk as an ambassador within the firm
- Lead and execute comprehensive internal risk assessments to identify, evaluate, and mitigate regulatory risks across all business lines
Benefits
- health insurance coverage
- an employee wellness program
- life and disability insurance
- a retirement savings plan
- paid holidays
- sick and vacation time off
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
