Risk Assurance & Control Manager

Bank of China (Hong Kong); Hong Kong; On-site; HKD 500,000 - 900,000; Full time

Benefits offered by this job

Medical and life insurance

Different types of allowances

Job summary

Bank of China (Hong Kong) is seeking an experienced risk management professional to join its Retail Banking middle office. You will oversee operational risk controls, conduct reviews, and coordinate remediation with stakeholders across units to strengthen compliance and governance.

The role requires 3-5 years in risk management within financial services, strong English and Chinese communication, and familiarity with regulatory requirements for Southeast Asia markets.

Qualifications

• Degree holder or above in Business, Law or Risk Management.
• 3-5 years’ working experience in product, channel, risk management or risk consulting in financial sector.
• Prior exposure to document review or process audit preferred.
• Fair understanding of product, process and channel management in consumer banking.
• Fluency in English and Chinese; excellent communication and presentation skills.
• Solid experience in Risk Control or related professional qualifications preferred.
• ECF(ORM)/AML/CFT/Fintech/Green and Sustainable Finance credentials are an advantage.

Responsibilities

• Participate in cross-department projects, coordinate with subject matter experts, provide effective recommendations and follow-up, monitor progress and report status to senior management.
• Perform document review and gap analysis; translate findings into actionable insights with study on procedures, risk controls and frontline pain points.
• Establish insights on compliance requirements and audit findings; keep abreast of regulator changes; develop gap analysis and recommend changes to operation procedures.
• Provide operational risk advice for new services/products; ensure control measures meet regulatory requirements; compile gap analyses, guidelines and SOPs.
• Develop digital journey and translate to process re-engineering and system enhancement opportunities; assess feasibility of process optimization from customer/frontline perspective.
• Support ad hoc projects as required.

Skills

Operational risk management

Risk assessment

Regulatory compliance

Cross-department collaboration

Bilingual English/Chinese

Education

Bachelor's degree or higher in Business/Law/Risk Management

Job description

Position Summary and Objective

We are the middle office of first line of defense in Retail Banking, managing and mitigating non- credit risks within the business units. The position is required to

• Conduct thematic review of operational procedures to remediate AML/ operational and compliance risk across channels and products
• Assist in suggesting practical measures on operational risk control as per risk framework
• Support feedback collection from key stakeholders and ensure executable remediation measure

Position Summary and Objective

We are the middle office of first line of defense in Retail Banking, managing and mitigating non- credit risks within the business units. The position is required to

• Conduct thematic review of operational procedures to remediate AML/ operational and compliance risk across channels and products
• Assist in suggesting practical measures on operational risk control as per risk framework
• Support feedback collection from key stakeholders and ensure executable remediation measure

Job Responsibilities:

• Participate in cross- departmental projects, coordinate with subject matter experts within the department and external business units, provide effective recommendation and follow-up work on projects, progress monitoring and report the project status to senior management timely.
• Perform document review and gap analysis. Translate findings into actionable insights with thorough study on current operational procedures, key risk controls and frontline pain points.
• Establish insights on compliance requirement & audit findings; keep abreast of latest requirement changes from regulators and headquarter; develop gap analysis and recommend changes in operation procedure if needed.
• Provide operational risk advices or assessment to requests relating to new services/ products, ensure control measures meet regulatory requirements, compile gap analysis reports, guidelines and SOP.
• Develop digital journey and translate them into process re-engineering and system enhancement opportunities; analyze the feasibility of process optimization from the perspective of customers and frontlines.
• Support ad hoc projects as required.

Requirements:

• Degree holder or above, preferably in Business, Law or Risk Management;
• 3-5 years’ working experience in product, channel, risk management, risk consulting in financial sector;
• Prior exposure to document review or process audit preferred;
• Fair understanding of product, process and channel management in consumer banking.
• Sound knowledge of relevant laws and local regulatory requirements to bank, experience in supporting risk management for Southeast Asia market preferred;
• Proficiency in both spoken and written English and Chinese. Excellent communication and presentation skills;
• Solid experience in Risk Control or similar Professional qualification* is preferred.
• with Certified Internal Audit / ECF on Operational Risk Management /Co mpliance /(AML/CFT)/ Fintech/Green and Sustainable Finance, etc. would be an advantage ; Design Thinking; Transformation/ Project/ Change Management; Quality Management etc. Holder of ECF(ORM) and other Professional qualifications is preferred. The Bank provides support on continuing development where required.

We offer competitive remuneration package and comprehensive fringe benefits including medical and life insurance, and different types of allowances to the right candidates.