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

Bank of China; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Bank of China in London seeks an Assistant Vice President for Financial Risk Analytics & Stress Testing (2LoD). You will oversee credit risk and counterparty risk analytics, review models for liquidity, IRRBB, capital and traded risk, and strengthen second line involvement in ALM system implementation.

The role requires strong Python/R programming skills, stakeholder management, and regulator engagement experience to support independent risk oversight and reporting.

Qualifications

• Degree in mathematics, IT, physics, economics, statistics, engineering or related field.
• Professional qualification in Risk Management/ALM/treasury desirable.
• Experience in liquidity, IRRBB and capital risk within a regulated bank.
• Experience in 2LoD or independent oversight and quantitative model implementation.
• Proven engagement with regulators (PRA/FCA) in reviews or remediation.

Responsibilities

• Act as the 2LoD SME for financial risk analytics and ALM system implementation.
• Ensure risk management framework aligns with ERM, regulatory requirements and best practice.
• Define clear roles and segregation across 1LoD/2LoD with accountability.
• Provide risk-based 2LoD review of liquidity and capital regulatory reports.
• Produce and oversee stress testing, scenario and sensitivity analyses.
• Guide 1LoD controls testing and 2LoD controls testing program.
• Review remediation plans and oversee regulatory feedback and audit findings.
• Support risk oversight committees with analysis, reporting and challenge.
• Drive improvements across Regulatory Reporting and Capital/Liquidity framework.
• Provide training and develop team capability for 2LoD.

Skills

2LoD oversight

Stress testing

Regulatory reporting

Stakeholder management

Analytical judgement

Education

Quantitative degree

Tools

Python

R

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 defence

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 stakeholder management and influencing skills
• Analytical judgement and the ability to assess complex risk issues and regulatory requirements