Banking - Quality Control Associate

Bocusa; New York (NY); On-site; USD 42,000 - 90,000; Full time

Job summary

An established industry player is seeking a dedicated Associate to join their risk management team. This role involves assisting with risk assessments, monitoring departmental risks, and ensuring compliance with regulatory standards. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to communicate effectively across various levels of management. This is a fantastic opportunity to grow within a reputable organization that values integrity and professionalism. If you are passionate about risk management and eager to contribute to a dynamic team, this position is perfect for you.

Qualifications

• 1-3 years of experience in banking business and risk management.
• Strong decision-making and analytical abilities with attention to detail.

Responsibilities

• Assist with risk assessments and monitoring departmental risks.
• Conduct quality assurance evaluations of banking processes.

Skills

Interpersonal Skills

Communication Skills

Analytical Skills

Decision Making

Attention to Detail

Bilingual in Mandarin

Education

Bachelor’s degree in Business or related field

Master’s degree or above

Tools

Microsoft Office Suite

Job description

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The Associate assists with the department’s assessment, identification and monitoring of risks.

Responsibilities

Include but not limited to:

Risk Control Operation

• Assist with completing the department’s risk assessments (e.g. RCSA, KRIs, ERA and other assessments)
• Assist with the identification and monitoring of risks related to the department
• Report any inconsistencies/concerns when monitoring of risks to supervisor
• Assist to respond to Independent risk management and third line of defense about risk control or any related inquiry
• Conduct quality assurance evaluation to all banking processes
• Assist in reviewing policies and procedures and providing recommendations
• Assist in workflow process review and revision
• Assist in preparing and coordinating regulatory and internal audit examinations
• Research and respond to information or inquiry requests from regulatory or other government entities
• Assist in monitoring and ensuring the closing and resolution of any departmental audit and compliance issues
• Assist with administration of risk control related training programs to all department employees
• Keep abreast of risk information and regulatory updates by attending trainings, seminars, workshops and reading informational materials
• Assist in special projects and tasks for the department as directed

Qualifications

• Bachelor’s degree in Business or related field is required; Master’s degree or above is preferred
• 1-3 years of work experiences in banking business and risk management
• Strong interpersonal, communication (written and verbal), and organizational skills;
• Ability to work independently, as well as collaboratively within a team environment;
• Ability to interact effectively with all levels of management, legal counsel, law enforcement, regulators and examiners while maintaining strict confidentiality;
• Strong decision making, analytical and investigative abilities with attention to detail and accuracy;
• Proficient in Microsoft Office Suite (Word, Excel).Adequate knowledge of BSA, AML, US Patriot Act, OFAC, CIP Regulations and consumer compliance;
• General knowledge and understanding of bank deposit operations, lending activities, and other related commercial banking and compliance functions
• Risk management related certifications preferred
• Bilingual ability in Mandarin (verbal & reading proficiency) is required

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $90,000.00 /Yr.