What are the responsibilities and job description for the Operational Risk Governance Associate/AVP position at Bank of China Limited, New York Branch?
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 position is responsible for performing the Operational Risk (OR) Framework management. The purpose of this job specifically includes managing the OR framework, policy and procedure, while also analyzing and consolidating operational risk data from teams and generating Branch-wide operational risk management reports to the Head Office.
Responsibilities
Include but are not limited to:
Risk aggregation and Reporting
- Collect operational risk related data from departments
- Q&A the data input and follow up with the departments if necessary
- Consolidate the data and complete risk aggregation and reporting to all executive committees
- Analyze the data input from teams and departments and consolidate the inputs to generate reports
- Work with different departments to prepare
- Operational Risk Related ERM report and ORM report
- Head Office reporting
Governance
- Administrator of the Operational Risk Committee (ORC)
- Manage and maintain all ORD policies and procedures
- Facilitate meetings with regulators and provide materials requested by regulators
- Facilitate audit meetings and affairs
Management
- Execute and ensure adherence to all policies and procedures impacting Operational Risk Management
- Ensure adherence to Branch policies and procedures
- Support with the execution of department strategic objectives
Qualifications
- Bachelor’s degree is required for this position
- A minimum of 2 year of experience in the Banking industry and risk management
- Knowledge of operational or enterprise risk management concepts, framework, methods, and good governance practices
- Bilingual abilities in both English and Chinese is preferred but not required
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $65,000.00 - USD $150,000.00 /Yr.Salary : $150,000
