Market Risk Management Department-Liquidity and Interest Rate Risk 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 role is to assist the head of department in overseeing the front-line business units’ liquidity risk and interest rate risk management, ensuring the Bank’s risk exposure adheres to the risk appetite statement as defined in the risk governance framework. In addition, the role also includes coordinating regulatory examinations, preparing materials and reporting to related committees and executive management, as well as protecting the Bank with safe and sound risk management.

Responsibilities

Oversee and Enhance Market and Liquidity Risk Management Key Activities

• Oversee and challenge the Front Line’s liquidity risk and interest rate risk management practice
• Identify, measure, monitor and mitigate liquidity risk and interest rate exposure, KRIs, limits, and analyze future risk trends
• Improve the Bank’s asset liability management; optimize the funding structure and strategy
• Maintain liquidity risk management (ILMS) application, and conducting the daily risk analysis and intraday liquidity monitoring

Market and Liquidity Risk Governance to satisfy EPS and HS regulatory requirements

• Develop and improve the policies and procedures on liquidity and interest rate risk management
• Prepare risk reports for market and liquidity risk committee, and report to related committees and senior management
• Perform effective challenge of front-line units reporting related to risk management

Build and improve the market and liquidity risk related analytics and capabilities

• Develop the analytics tools for the Bank’s liquidity and interest rate risk management such as intraday liquidity monitoring, ALCO report review, risk limits review and risk methodology enhancement
• Work with Front Line Units (FLUs) to enhance the Bank’s analytical capability and various scenario analyses
• Build MRD’s capabilities in risk data aggregation including risk exposure, key risk indicators and other risk metrics
• Conduct new products risk evaluation
• Seek training in the bank’s risk management software and third-party systems (e.g., Bloomberg)
• Perform research and presentations on various topics
• Maintain Intraday Liquidity Management System (ILMS) as owner

Implement and execute the regulatory required projects

• Execute various Heightened Standard requirement related projects such as enterprise risk assessment, wholesale payments risk assessment
• Review and challenge Front Line Units’ remediation proposals addressing regulatory issues and concerns
• Deliver analysis and tools to meet with OCC and the Fed ongoing monitoring requirement, and FDIC annual testing requirement
• Develop and update resolution plans (RP)
• Execute the projects addressing issues or concerns from regulators, internal and external auditors

Qualifications

• Master's degree is required; Majors in Finance, Economics or Quantitative related fields is preferred
• At least 4 years of work experience in liquidity risk and interest rate risk management in banking or other financial institutions required
• Strong knowledge of quantitative analytics and financial/ banking industry required

• Quantitative knowledge, such as advanced probability, statistics, time series analysis, statistical modeling, etc. is required

• Liquidity risk and Interest rate risk management knowledge, such as banking book risks, asset liability management is required
• Chartered financial analyst (CFA) or Financial Risk Management (FRM) certification preferred

Pay Range

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

Salary : $150,000