This position will be joining our Financial Management Department and is responsible for executing the risk management processes and manages the risks within the 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, 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.
Job 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 department as well as enforcing relevant controls (e.g. Clean Desk check)
- Create and maintain procedures pertaining to front line units (FLU) Risk Managers responsibilities
- Provide inputs/feedback to IRM risk management policies and procedures
- Monitor FMD adherence to IRM 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 the department according to the governance requirements in the KRI Procedure
- Identify and escalate KRI warning line and limit breaches according to the KRI Procedure
- Identify existing and emerging risks potentially impacting the department if any
- Identify incidents and issues and report to respective risk management departments
- Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for self identified issues
- Conduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)
- Maintain a control inventory 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
- Coordinate risk management related requests from internal/external audit, Head Office and regulators within the department
Other Departmental Responsibilities
- 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
- Ad hoc assignments
Job Requirements
- Bachelor s degree required. Master s degree and above is a plus; Finance/Accounting major preferred
- A minimum of 3 years of experience in risk management or financial statement audit experience in banking and financial services is required; at least 1 year of financial or accounting management/reporting experience in banking and financial services is required as well
- CPA certification preferred
The salary range for the AVP position is $65,000-$150,000. Actual salary is commensurate with candidate s relevant years of experience, skillset, education and other qualifications.