Operational Risk Management-New Activities Risk Management/Issues Management AVP/VP

Bocusa; New York (NY); On-site; USD 65,000 - 230,000; Full time

Job summary

An established industry player is seeking a VP of Operational Risk Management to lead and enhance risk programs across their branches. This pivotal role involves developing operational risk management strategies, ensuring compliance with regulations, and fostering a culture of risk awareness. The ideal candidate will bring extensive banking experience, a strong understanding of risk governance, and a commitment to professional development within their team. Join a dynamic environment where your expertise will shape the future of operational risk management and contribute to the organization’s stability and growth.

Qualifications

• 8 years of experience in the Banking industry with 5 years in operational risk management.
• Knowledge of operational risk management concepts and governance practices.

Responsibilities

• Develop and enhance Branch-wide operational risk programs.
• Provide training and support for operational risk management initiatives.
• Aggregate operational risk profile and communicate risk initiatives.

Skills

Operational Risk Management

Banking Industry Knowledge

Supervisory Skills

Risk Governance Practices

Education

Bachelor's Degree

CFA/CPA/FRM/MBA

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 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, andgood 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 $65,000.00 - USD $230,000.00 /Yr.