Financial Management - Front Line Unit Risk Management ...

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 Front Line Unit Risk Manager is responsible for executing the risk management processes and manages the risks within its 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.Include but are not limited to: Risk Management ResponsibilitiesImplement, or coordinate with relevant teams on the implementation of, the Risk Governance Framework and risk management policies and procedures within the front line unit (FLU) as well as enforcing relevant controls (e.g. Clean Deck check)Create and maintain FLU procedures pertaining to FLU Risk Managers’ responsibilitiesProvide inputs/feedback to risk management policies and proceduresMonitor FLU adherence to the risk management 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 taxationPropose addition, modification and removal of KRIs and thresholds during annual review and off-cycle adjustment, and facilitate the approval processMonitor, maintain and report KRIs owned by FLU according to the governance requirements in the KRI ProcedureIdentify and escalate KRI warning line and limit breaches according to the KRI ProcedureProduce FLU risk reporting for applicable risk areas, and report to Senior Management, IRM and risk committees as appropriateIdentify existing and emerging risks potentially impacting the FLUs if anyIdentify incidents and issues and report to respective IRMRemediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU-owned business-identified issuesConduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)Maintain a control inventory, process mapping and other documentations as applicableDevelop control testing planConduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentationAttend risk management related trainingIdentify risk management training needs for FLUsReview the application security requirements, and conduct security control testing on processes, systems, and applications as applicableAssist ORD in conducting security monitoring investigation as neededCoordinate risk management related requests from internal/external audit, Head Office and regulators within FLUOtherParticipate bank wide initiatives and address requests or inquiries if anyFacilitate and coordinate with internal and external auditor or examiner for related audits/examinationsOther assignments if neededBachelor’s degree is required; preferably in Accounting or Finance majorA minimum of 3 years of experience in risk management or audit experience in banking and financial services is required for the AVP levelA minimum of 1 year of experience in accounting management/reporting experience in banking and financial services is preferredSolid Knowledge of financial/banking industry; accounting knowledge; regulatory and compliance knowledge is requiredExcellent communication and writing skills are requiredCPA certification is preferredFluency in Mandarin is highly preferredUSD $65,000.00 - USD $150,000.00 /Yr.

Created: 2024-10-19