Assistant Vice President - Financial Risk Analytics & Stress Testing (2Lod)

Bank Of China; England; On-site; GBP 90,000 - 140,000; Full time

Job summary

Bank of China in the United Kingdom is seeking an Assistant Vice President - Financial Risk Analytics & Stress Testing (2LoD) to provide independent oversight of risk analytics, liquidity, IRRBB, capital and market risk models, and to support ALM system implementation and regulatory reporting.

The role requires strong quantitative modelling skills, experience with PRA/FCA regulatory engagements, and excellent communication and stakeholder management abilities.

Qualifications

• Degree in a quantitative discipline (Maths, IT, Physics, Economics, Statistics, Engineering or equivalent).
• Professional qualification in Risk Management, ALM or Treasury desirable.
• Experience in liquidity, IRRBB and capital risk management in a regulated bank.
• 2LoD/independent oversight experience and quantitative model & treasury systems implementation.
• Experience in IRRBB, market and liquidity risk modelling and ALM system implementation.
• Experience with regulators (PRA, FCA) including reviews/remediation programmes.
• Programming skills in Python and/or R.
• Excellent communication and stakeholder management abilities.
• Attention to detail and analytical judgement for complex regulatory issues.

Responsibilities

• Act as the 2LoD SME for financial risk analytics, capital adequacy and ALM system implementation.
• Support enhancement of quantitative modelling across IRRBB, liquidity and capital risk.
• Ensure risk frameworks align with Enterprise Risk Management Framework and regulatory requirements.
• Promote clear roles and segregation of duties across 1LoD/2LoD with accountability.
• Provide independent 2LoD review of liquidity and capital regulatory reports and methodologies.
• Oversee stress testing, scenario analysis and sensitivity analysis for risk appetite and capital planning.
• Challenge 1LoD controls testing and implement an independent 2LoD controls testing programme.
• Review remediation plans and oversee regulator/audit issue resolution.
• Support risk oversight committees with robust analysis and independent challenge.
• Drive improvements across Regulatory Reporting, Liquidity and Capital Risk Frameworks.

Skills

Python

R

Communication

Stakeholder management

Analytical thinking

Education

Quantitative degree

Tools

ALM systems

Job description

Risk Management department is responsible for overseeing the credit risk and counterparty credit risk exposures of the Bank by providing active independent second line of defence (2LoD) review and challenge. It also oversee and provide 2LoD oversight over the Bank’s Financial Regulatory Reporting. As an Assistant Vice President - Financial Risk Analytics & Stress Testing (2LoD), you will be providing independent 2LoD oversight of Financial Risks by reviewing existing and further developing new financial risk analytics including liquidity, IRRBB, FX, capital and traded market risk models. You will also strengthen the Bank’s second line involvement and independent review of an ongoing ALM system implementation. This is a full time permanent role.

Key responsibilities

• Act as the 2LoD Subject Matter Expert (SME) for financial risk analytics, capital adequacy and ALM system implementation, supporting the enhancement of quantitative modelling capabilities across IRRBB, liquidity and capital risk
• Ensure the financial risk management framework, liquidity policies and capital policies align with the Enterprise Risk Management Framework, regulatory requirements and industry best practice
• Ensure clear roles, responsibilities and segregation of duties across first line of defence (1LoD) Report Owners, Technical SMEs and 2LoD, promoting accountability and effective independent oversight
• Provide risk-based independent 2LoD review and challenge of key liquidity and capital regulatory reports, including underlying assumptions, methodologies, judgements, manual adjustments, regulatory interpretations and reporting outcomes
• Produce and oversee ongoing and ad hoc stress testing, scenario analysis and sensitivity analysis, ensuring outputs inform risk appetite, capital planning and liquidity management
• Guide and challenge 1LoD controls testing and implement an independent 2LoD controls testing programme to assess the effectiveness of processes and controls across IRRBB, liquidity and capital risk, including assigned operational risk oversight responsibilities
• Review and challenge remediation plans and oversee the effective resolution of regulatory feedback, audit findings, control deficiencies and other identified issues
• Support effective risk oversight committees through robust analysis, reporting and independent challenge, working closely with Finance, Treasury, Compliance, Internal Audit and other relevant stakeholders
• Drive improvements across the Regulatory Reporting, Liquidity and Capital Risk Framework, strengthening governance, controls, documentation standards, reporting processes and implementation of regulatory requirements
• Provide guidance, training and support to 1LoD on appropriate processes and controls, develop team capability, reinforce 2LoD expectations and promote a robust risk culture and accountability across both lines of defense

Requirements

• Degree educated in quantitative discipline such as Mathematics, IT, Physics, Economics, Statistics, Engineering or other relevant subject
• Relevant professional qualification in Risk Management, ALM, Treasury or a related discipline is desirable
• Experience in liquidity, IRRBB and capital risk management within a regulated financial institution, ideally banking
• Hands on experience in operating in a 2LoD or independent oversight role as well as in the implementation of quantitative models and treasury systems
• Demonstrated experience in IRRBB, market and liquidity risk modelling, and ALM system implementation
• Proven track record of engaging effectively with regulators (PRA, FCA) including participating in reviews, thematic audits and/or remediation programmes
• Programming skills in Python and/or R
• Excellent communication skills
• Excellent stakeholder management and influencing skills
• Attention to detail
• Analytical judgement and the ability to assess complex risk issues and regulatory requirements