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Client:
Bank of China
Location:
London, United Kingdom
Job Category:
Other
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EU work permit required:
Yes
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Job Reference:
884df8a25ce0
Job Views:
3
Posted:
19.05.2025
Expiry Date:
03.07.2025
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Job Description:
Risk Management department is responsible for developing, maintaining and promoting the Bank’s Enterprise Risk Management Framework (ERMF) and activities, and for providing independent second line of defence (2LoD) oversight for Traded Market Risk, IRRBB & FX Risk, Operational Risk and Model Risk management activities as well as the project management activities (i.e. project risk) in the Bank. Market Risk. As a Senior Associate - Risk Management, you will be supporting the team to develop and implement a sound ERMF, oversee the framework embedment, support enterprise-wide risk committees and maintain a holistic risk profile of the Bank. You will also provide enterprise input to various initiatives in the Bank. This is a full time permanent position.
Key responsibilities
- Develop and maintain enterprise risk policy document suites. Define and oversee consistent implementation of risk management transversal process such as risk identification, risk appetite and ad-hoc analysis and stress test coordination across main risk stripes
- Coordinate the production of enterprise risk reporting, working with “contributors” from the respective business, 2LoD functions and various committees
- Maintain and carry out periodic review of the UK entities’ risk profile, risk governance for internal and external stakeholders
- Provide secretarial support to the Bank’s Enterprise-wide Risk Committee and/or Board Risk Committee (BRC)
- Maintain effective engagement with the stakeholders from business and the respective 2LoD functions for effective collaboration
- Participate in project managing and oversee the annual review of the Bank’s Risk Appetite Statement (RAS)
- Design, maintain, coordinate enterprise risk training programme and communication in order to raise awareness and support the embedding of robust risk framework, governance and culture
Requirements
- Degree educated in Business Administration, Finance, Economics, IT, Law or related disciplines
- Relevant experience in Banking and awareness of Basel Accord and risk management as well as some industry good practices relating to ERMF component such as risk appetite, risk governance, three lines of defence, risk profiling and stress test framework
- Overall understanding of risk management as discipline, and preferably with experience or knowledge in managing one or more risk stripes (e.g. Credit Risk, Market Risk, Operational Risk, Liquidity Risk)
- Excellent interpersonal skills with ability to form effective relationships and to collaborate with, influence and engage key stakeholders
- Excellent analytical skills with ability to think logically and laterally in solving problems, exploring enhancements and form independent clear conclusions/recommendations
- Able to work in a fast paced environment
- Excellent English and Mandarin communications skills