Financial Management - Front Line Unit Risk Management AVP

Introduction :

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions.

Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview :

The Front Line Unit Risk Manager is responsible for executing the risk management processes and manages the risks within its department, including but are not limited to conducting risk assessments, testing the controls, identifying and reporting risks and issues, and monitoring the department’s adherence to risk management policies and procedures.

Responsibilities :

Include but are not limited to :

Risk Management Responsibilities

Implement, or coordinate with relevant teams on the implementation of, the Risk Governance Framework and risk management policies and procedures within the front line unit (FLU) as well as enforcing relevant controls (e.g. Clean Deck check)

Create and maintain FLU procedures pertaining to FLU Risk Managers’ responsibilities

Provide inputs / feedback to risk management policies and procedures

Monitor FLU adherence to the risk management standards and requirements, incorporation with sufficient level of understanding on operations in various financial management perspectives including but not limited to accounting management, financial and regulatory reporting, budgeting and taxation

Propose addition, modification and removal of KRIs and thresholds during annual review and off-cycle adjustment, and facilitate the approval process

Monitor, maintain and report KRIs owned by FLU according to the governance requirements in the KRI Procedure

Identify and escalate KRI warning line and limit breaches according to the KRI Procedure

Produce FLU risk reporting for applicable risk areas, and report to Senior Management, IRM and risk committees as appropriate

Identify existing and emerging risks potentially impacting the FLUs if any

Identify incidents and issues and report to respective IRM

Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU-owned business-identified issues

Conduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)

Maintain a control inventory, process mapping and other documentations as applicable

Develop control testing plan

Conduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentation

Attend risk management related training

Identify risk management training needs for FLUs

Review the application security requirements, and conduct security control testing on processes, systems, and applications as applicable

Assist ORD in conducting security monitoring investigation as needed

Coordinate risk management related requests from internal / external audit, Head Office and regulators within FLU

Other

Participate bank wide initiatives and address requests or inquiries if any

Facilitate and coordinate with internal and external auditor or examiner for related audits / examinations

Other assignments if needed

Qualifications :

Bachelor’s degree is required; preferably in Accounting or Finance major

A minimum of 3 years of experience in risk management or audit experience in banking and financial services is required for the AVP level

A minimum of 1 year of experience in accounting management / reporting experience in banking and financial services is preferred

Solid Knowledge of financial / banking industry; accounting knowledge; regulatory and compliance knowledge is required

Excellent communication and writing skills are required

CPA certification is preferred

Fluency in Mandarin is highly preferred

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $65,000.00 - USD $(phone number removed) / Yr.