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 clientswith 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:
This position is responsible for maintaining, updating and implementing enterprise-level risk governance policies and procedures based on relevant regulatory requirements; preparing and maintaining the agenda, reporting materials and meeting minutes for US Risk and Management Committee (USRMC); supporting the functioning of BOCNY Risk Management and Internal Control Committee (RMICC); assisting CRO in promoting risk culture; preparing and consolidating risk management reports as required by HO or regulators.
Responsibilities:
Committee Secretary:
- Maintain and update the charter and the related documentation of the US Risk and Management Committee (USRMC)
- Provide support to the functioning of BOCNY Risk Management and Internal Control Committee (RMICC);
- Coordinate the quarterly USRMC meetings, including setting up agenda, coordinating the meeting materials, recording the voting results and generating meeting minutes
- Coordinate with relevant departments in BOCNY and HO for the above-mentioned Committee meetings
Maintenance and Implementation of Risk Governance Policies and Procedures:
CRO Support:
- Prepare relevant materials and support the CRO to fulfill his responsibilities, e.g. annual CRO work summary
- Produce accurate, concise and timely reports to HO
- Support the CRO in planning activities to promote risk culture, including organizing town halls, offsite, survey, etc.
- Facilitate and coordinate the approval / signature process with the CRO
IRM Performance Evaluation Framework:
- Coordinate the annual IRM performance evaluation criteria update
- Facilitate the annual IRM performance evaluation process
Team Administration:
- Submit ERM requests on OA system
- Coordinate the consultant onboarding and exit processes with HRD
- Produce budget estimates and monitor the spending for all teams in ERM and escalate timely
Qualifications:
- Bachelors degree required. Masters degree in Risk Management, Business Administration, Economics, Finance preferred
- Minimum 3 years of Risk governance experience required
- FRM or CFA preferred
- Bilingual ability in Mandarin and English
- Demonstrate knowledge of risk management in a foreign branch environment along with the understanding of the regulatory process governing such institutions in the US preferred
- Demonstrate knowledge of OCC Heightened Standards and FRB Enhanced Prudential Standards (EPS)
Pay Range
Actual salary is commensurate with candidates relevant years of experience, skillset, education and other qualifications.
:USD $65,000.00 - USD $150,000.00 /Yr.