What are the responsibilities and job description for the Operational Risk Management Department New Activities Risk Management/Issues Management VP position at Bank of China?
Introduction:
Program Execution
: USD $110,000.00 - USD $230,000.00 /Yr.
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 VP will manage and execute the following Branch-wide operational risk programs in accordance with Heightened Standard using a guideline such as COSO: Operational Risk Issues management, and New Activities Risk Management.
Responsibilities:
Include but are not limited to:
Program Execution
- Develop, execute and enhance of the following Branch-wide operational risk programs: Operational Risk Issues management and New Activities Risk Management
- Ensure the effective implementation of the Branch’s operational risk programs through training, awareness and monitoring
- Promote sound operational risk culture across the Branch by supporting and providing oversight to the first line of defense through various operational risk management programs
- Ensure a timely and efficient remediation plan is developed for operational risk management framework issues, and oversee the implementation of rectification
- Support with the execution of the RCSA program as an Operational Risk Issues management and New Activities Risk Management subject matter expert
Management
- Provide training, feedback and professional development opportunities to all team members
- Execute and ensure adherence to all policies and procedures impacting Operational Risk Management
- Support with the execution of department strategic objectives
Reporting
- Aggregate operational risk profile utilizing the appropriate methodology
- Ensure ongoing communication of risk initiatives to the relevant committees
- Respond to regulatory inquiries related to operational risk management
- Bachelor’s degree is required for this position
- 8 years of experience in the Banking industry and 5 years in operational risk management
- 5 years of work experience in a supervisory function
- Knowledge of operational or enterprise risk management concepts, framework, methods, and good governance practices
- CFA/CPA/FRM/MBA preferred
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
: USD $110,000.00 - USD $230,000.00 /Yr.
Salary : $230,000
