About us Commonwealth Private strives to provide outstanding personal service and trusted advice to high net worth individuals who have the intention to invest or borrow at least AU$2.5million. Our breadth of experience means that we can offer clients a comprehensive range of solutions as well as market leading products and innovative investment opportunities.
We are backed by superior research capabilities and the extensive resources of the Commonwealth Bank Group, helping our clients achieve the best possible outcome. Our team includes Private Bankers, Investment Directors, and Private Wealth Managers specialising in banking, lending strategic advice, investments, and insurance across Australia.
About the team This role will sit within Commonwealth Private's Private Wealth team, supporting the Private Wealth Distribution Team and working closely with the Investment Research Team, Investment Operations Team, and Platform Operations Team.
About the opportunity The Senior Manager Private Wealth Markets will manage the execution services for Private Wealth, reporting to the General Manager – Private Wealth. This role is a key contributor to the delivery of quality operational outcomes for the broader Private Wealth offering.
Responsibilities include:
Managing the execution of investments on behalf of clients across all asset classes including direct equities, bonds, FX, and managed funds. Implementing portfolios related to managed accounts and direct investments. Embedding risk and control governance within the Private Wealth Team and broader business. Reviewing and enhancing internal processes to deliver operational efficiencies in investment execution and portfolio implementation. Contributing to governance forums including the Product Management Committee and the Managed Account Working Group. Being an active member of the Private Wealth Leadership Team. Additionally, you will:
Analyse and enhance the operational framework for the Private Wealth Markets (Execution) Team. Utilise agile methodologies to support efficient operations and timely delivery of initiatives. Develop procedures for efficient investment delivery and adherence to regulatory obligations. Support exemplary Investment Governance across the Private Wealth offering. Comply with all regulatory policies and Commonwealth Private's Business Rules. Represent Commonwealth Private's investment approach, philosophy, and principles. Assist in delivering tailored investment services to clients. Collaborate with Investment Directors and Private Bankers to identify clients that may benefit from our services. Drive FUA and FUM growth and other revenue-generating activities for the Private Wealth business. Maintain meticulous electronic records reflecting client investment selections and ensuring accurate execution. Provide critical market feedback to the Private Wealth team and clients. Support the General Manager in educating colleagues on market activities and client interests. About you To be successful, you will have:
Bachelor's or Master's degree in Commerce, Finance, Economics, or Business. RG 146 certifications in General, Securities, Managed Investments, FX, and Margin Lending preferred. 5+ years' experience in investment execution, trading, sales-trading, or related roles. Superior numeracy and attention to detail, with the ability to work under pressure. Good understanding of risk management, particularly market/financial and operational risk. Solid understanding of wealth management processes including wrap platforms and execution platforms. Strong written and verbal communication skills. Diligent data input skills with a keen eye for detail. Strong numerical and analytical skills, with proficiency in Excel and trading platforms. Ability to work independently and take ownership of tasks. Experience in leading a small team. If you're already part of the Commonwealth Bank Group (including Bankwest, x15ventures), you'll need to apply through Sidekick to submit a valid application.
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Advertising End Date: 09/10/2024
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