Operational Risk Management Department New Activities Risk Management/Issues Management VP

Bank of China USA; New York (NY); On-site; USD 110,000 - 230,000; Full time

Job summary

A leading bank seeks a Vice President for Operational Risk Management, responsible for overseeing and executing key operational risk programs. Candidates should have significant banking experience and a strong understanding of risk management principles for enhancing the bank’s risk culture and compliance.

Qualifications

• 8 years of experience in the Banking industry.
• 5 years in operational risk management.
• 5 years in a supervisory function.

Responsibilities

• Manage and enhance operational risk programs: Operational Risk Issues management and New Activities Risk Management.
• Ensure effective implementation of risk management culture.
• Develop timely remediation plans for operational risk management framework issues.

Skills

Knowledge of operational or enterprise risk management

Good governance practices

Education

Bachelor’s degree

CFA/CPA/FRM/MBA preferred

Job description

Join to apply for the Operational Risk Management Department New Activities Risk Management/Issues Management VP role at Bank of China USA

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Join to apply for the Operational Risk Management Department New Activities Risk Management/Issues Management VP role at Bank of China USA

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 VP will manage and execute the following Branch-wide operational risk programs in accordance with Heightened Standard using a guideline such as COSO: Operational Risk Issues management, and New Activities Risk Management.

Responsibilities

Include but are not limited to:

Program Execution

• Develop, execute and enhance of the following Branch-wide operational risk programs: Operational Risk Issues management and New Activities Risk Management
• Ensure the effective implementation of the Branch’s operational risk programs through training, awareness and monitoring
• Promote sound operational risk culture across the Branch by supporting and providing oversight to the first line of defense through various operational risk management programs
• Ensure a timely and efficient remediation plan is developed for operational risk management framework issues, and oversee the implementation of rectification
• Support with the execution of the RCSA program as an Operational Risk Issues management and New Activities Risk Management subject matter expert
  
  

Management

• Provide training, feedback and professional development opportunities to all team members
• Execute and ensure adherence to all policies and procedures impacting Operational Risk Management
• Support with the execution of department strategic objectives
  
  

Reporting

• Aggregate operational risk profile utilizing the appropriate methodology
• Ensure ongoing communication of risk initiatives to the relevant committees
• Respond to regulatory inquiries related to operational risk management
  
  

Qualifications

• Bachelor’s degree is required for this position
• 8 years of experience in the Banking industry and 5 years in operationalrisk management
• 5 years of work experience in a supervisory function
• Knowledge of operational or enterprise risk management concepts, framework, methods, and good governance practices
• CFA/CPA/FRM/MBA preferred
  
  

Pay Range

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

USD $110,000.00 - USD $230,000.00 /Yr.

Seniority level

• Seniority level

  Executive

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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