Bank of China USA

Operational Risk Management Department - Operational Risk Governance AVP/Associate

Bank of China USA  •  $42k - $150k/yr  •  New York City, NY (Onsite)  •  5 months ago
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Job Description

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.

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 required

Pay Range

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

USD $42,000.00 - USD $150,000.00 /Yr.

Bank of China USA

About Bank of China USA

Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 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.

Bank of China was the first Chinese bank to establish operations in the U.S., and now, empowered by our global network and market-leading services, BOC U.S.A.’s clients can build robust partnerships and enter new markets with confidence.

BOC U.S.A. specializes in corporate lending, trade services, global markets and currencies, U.S. Dollar clearing and personal banking, by creating premium solutions for Chinese companies operating in the U.S., Fortune 500 companies, U.S. home-grown enterprises, financial institutions, and high net-worth individuals. Our expertise and global leadership in RMB settlement, clearing and trading, combined with our unparalleled insights make us the go-to bank for those looking to access the world’s second largest economy.

We are also committed to helping the U.S. communities we serve, whether in their time of need or on a regular, everyday basis. We partner with local leaders and organizations to provide financial education in innovative ways and enrich cultural ties between the U.S. and China.

To learn more about Bank of China U.S.A., visit https://www.bocusa.com.

To learn more about recruitment at Bank of China U.S.A, you can visit https://www.bocusa.com/careers.

Industry
Finance & Insurance
Company Size
201-500 employees
Headquarters
New York, NY
Year Founded
1981
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