Assistant Vice President, Operational Risk

Shanghai Commercial Bank Ltd; Hong Kong; On-site; HKD 900,000 - 1,200,000; Full time

Job summary

Shanghai Commercial Bank Ltd in Hong Kong seeks a Project Manager to oversee the Operational Risk Management Department's initiatives. You will advise on controls, conduct assurance reviews, and drive risk-related projects from planning through execution.

The role requires strong PM skills, multi-regulatory knowledge (HKMA guidelines and UK/overseas acts), and fluency in English and Chinese. It offers exposure to regulators, external consultants, and cross-functional teams.

Qualifications

• Degree in risk, finance, accounting or related field.
• ECF on Operational Risk Management certification preferred.
• Minimum 6 years of project management experience in banks or Big 4 firms.
• At least 3 years in operational, technology or compliance risks.
• Solid knowledge of HK regulatory requirements (HKMA SPM OR-1, OR-2, SA-2, CA-G-5).
• Knowledge of overseas regulatory requirements (e.g. Modern Slavery Act) is a plus.
• Fluent in English and Chinese; strong written communication.

Responsibilities

• Advise on and challenge the design and effectiveness of controls established by the first line of defence for operational risk management.
• Conduct control assurance reviews to ensure risk controls remain effective and are implemented properly in daily operations.
• Formulate and execute the operational risk project plan with scope, timeline and resources.
• Hold regular project meetings with stakeholders to track progress and address issues.
• Document and report project progress to management until completion.
• Elevate significant issues to management for attention and steering.
• Supervise external consultants and service providers to ensure quality and pragmatism.
• Liaise with regulators and industry associations and handle inquiries about the project.
• Handle other risk-related matters such as Risk Appetite Statement, ICAAP, Third-Party Risk Management.
• Take up ad hoc tasks assigned by management.

Skills

Project management

Stakeholder management

Risk management

Communication

English & Chinese

Education

Bachelor's degree in Risk Management, Finance, Accounting, or related

ECF on Operational Risk Management certification

Job description

The successful candidate will act as a Project Manager to oversee and drive various projects under the responsibility of the Operational Risk Management Department and ensure their successful completion.

Responsibilities:

• Advise on and challenge the design and effectiveness of controls established by the first line of deference for management of operational risks

• Conduct control assurance reviews for operational risks to ensure that the relevant risk controls adopted by the first line of defence remain effective and are implemented consistently and effectively in daily operations, including assessment of control design and effectiveness, review scoping, control testing and communication of findings and recommendations to the reviewee

Act as the project manager to:

• formulate and execute the operational risk related-project plan with details such as the scope of work, implementation timeline and resources required for project implementation;

• conduct regular project meetings with relevant stakeholders in order to keep track of their progress as well as address the problems encountered by them during the project;

• document and report the project progress to management on a regular basis until project completion;

• timely elevate the significant issues of the project to management for attention and steering;

• supervise the external consultants and service providers engaged by the Bank to support the project and ensure their work quality can meet the Bank's expectations (e.g. solutions provided by external consultants should be pragmatic and executable under the Bank's operating environment); and

• liaise with regulators and industry associations and handle their enquiries about the project

• Handle other risk-related matters such as the Bank's Risk Appetite Statement, ICAAP, Mandatory Slavery Act, Third-Party Risk Management, etc.

• Handle operational risk-related surveys conducted by regulators and industry associations

• Take up ad hoc tasks assigned by management from time to time

Requirements:

• Degree holder or above in Risk Management, Finance, Accounting, or other related disciplines

• Holder of ECF on Operational Risk Management certification is preferred

• Minimum 6 years of experience in project management acquired from sizable banks or Big 4 consulting firms of which at least 3 years was related to operational, technology or compliance risks

• Good knowledge of banking operations and the local regulatory requirements applicable to operational risk management, e.g. HKMA SPM OR-1, OR-2, SA-2, CA-G-5, etc.

• Knowledge of overseas regulatory requirements (e.g. Modern Slavery Act of the UK) is a Plus

• Effective communication and business writing skills with proficiency in English and Chinese

• Good team player with strong project management and problem solving skills

• Good time management and able to work independently and under pressure

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## More Job Information

Job Function

• 銀行 · 金融服務 - 風險管理

Employment Term

• 全職

Education

• 學士