What are the responsibilities and job description for the Operational Risk Management Department-Operational Risk Governance AVP position at Bank of China?
Introduction:
Risk aggregation and Reporting
: USD $65,000.00 - USD $150,000.00 /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 AVP 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. Other responsibilities include but not limited to supporting the risk management governance of the department including: facilitate monthly ORC meetings, Q&A the meeting material and supporting documents; facilitate regulatory and audit meetings and affairs.
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
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
Administration
- Asset Management, including Communication tools, asset / fixed asset purchase and maintenance
- Record Retention Management
- Ad Hoc requests
- Bachelor’s degree is required
- 5 years of experience in the banking industry
- 2 years of experience in risk management
- Knowledge of operational or enterprise risk management concepts, framework, methods, and good governance practices
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.
Benefits:
Health Insurance, Vacation & Paid Time Off, 401K PlanSalary : $150,000