Operational Risk Manager: Framework & Governance

Bocusa; New York (NY); Hybrid; USD 65,000 - 150,000; Full time

Job summary

Bank of China is seeking an AVP to oversee the Operational Risk (OR) framework, policy and reporting for branch operations in the United States. You will consolidate risk data from multiple teams and produce ORM reports for Head Office, while supporting governance and regulatory engagements.

Ideal candidates hold a Bachelor's degree, with 5 years in banking and 2 years in risk management, plus strong knowledge of OR concepts and governance practices.

Qualifications

• Bachelor’s degree is required.
• 5 years of experience in the banking industry.
• 2 years of experience in risk management.
• Knowledge of operational or enterprise risk management concepts, framework, methods, and good governance practices.

Responsibilities

• Risk aggregation and reporting: collect data from departments, QA data input, consolidate data and report to executive committees.
• Governance: administer the Operational Risk Committee (ORC) and maintain ORD policies and procedures; facilitate regulator and audit meetings.
• Management: ensure adherence to policies and procedures and support department strategic objectives.
• Administration: asset management, record retention, and ad hoc requests.

Education

Bachelor’s degree

5 years in banking

2 years in risk management

Knowledge of operational or enterprise risk management concepts, framework, methods, and good governance practices

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 AVP is responsible for performing the Operational Risk (OR) Framework management. The purpose of this job specifically includes managing the OR framework, policy and procedure, while also analyzing and consolidating operational risk data from teams and generating Branch-wide operational risk management reports to the Head Office. Other responsibilities include but not limited to supporting the risk management governance of the department including: facilitate monthly ORC meetings, Q&A the meeting material and supporting documents; facilitate regulatory and audit meetings and affairs.

Responsibilities

Include but are not limited to:

Risk aggregation and Reporting

• Collect operational risk related data from departments
• Q&A the data input and follow up with the departments if necessary
• Consolidate the data and complete risk aggregation and reporting to all executive committees
• Analyze the data input from teams and departments and consolidate the inputs to generate reports
• Work with different departments to prepare Operational Risk Related ERM report and ORM report

Governance

• Administrator of the Operational Risk Committee (ORC)
• Manage and maintain all ORD policies and procedures
• Facilitate meetings with regulators and provide materials requested by regulators
• Facilitate audit meetings and affairs

Management

• Execute and ensure adherence to all policies and procedures impacting Operational Risk Management
• Ensure adherence to Branch policies and procedures
• Support with the execution of department strategic objectives

Administration

• Asset Management, including Communication tools, asset / fixed asset purchase and maintenance
• Record Retention Management
• Ad Hoc requests

Qualifications

• Bachelor’s degree is required
• 5 years of experience in the banking industry
• 2 years of experience in risk management
• Knowledge of operational or enterprise risk management concepts, framework, methods, andgood governance practices

Pay Range

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

USD $65,000.00 - USD $150,000.00 /Yr.