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 departments 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:
- Bachelors 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 candidates relevant years of experience, skillset, education and other qualifications.
:USD $65,000.00 - USD $150,000.00 /Yr.