Risk Management Specialist

Bank of China USA; New York (NY); On-site; USD 70,000 - 150,000; Full time

Job summary

An established industry player is seeking a Risk Management Specialist to enhance their risk governance framework. This role involves implementing risk management policies, conducting risk assessments, and ensuring compliance with financial regulations. The ideal candidate will possess strong analytical skills, a solid background in banking, and excellent communication abilities. Join a dynamic team where your contributions will directly impact the organization's risk management strategies and help safeguard its financial integrity. This is an exciting opportunity to grow in a collaborative environment that values innovation and excellence.

Benefits

Medical Insurance

Vision Insurance

401(k)

Qualifications

• 4+ years of experience in risk management or audit in banking.
• Solid knowledge of financial and regulatory compliance.

Responsibilities

• Implement risk governance framework and enforce controls.
• Monitor adherence to risk management standards.

Skills

Risk Management

Audit Experience

Accounting Management

Communication Skills

Fluency in Mandarin

Education

Bachelor's Degree in Accounting or Finance

Job description

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This range is provided by Bank of China USA. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$70,000.00/yr - $150,000.00/yr

Include but are not limited to:

• Implement, or coordinate with relevant teams on the implementation of, the Risk Governance Framework and risk management policies and procedures within the front-line unit (FLU) as well as enforcing relevant controls (e.g. Clean Deck check)
• Create and maintain FLU procedures pertaining to FLU Risk Managers’ responsibilities
• Provide inputs/feedback to risk management policies and procedures
• Monitor FLU adherence to the risk management standards and requirements, incorporation with sufficient level of understanding on operations in various financial management perspectives including but not limited to accounting management, financial and regulatory reporting, budgeting and taxation
• Propose addition, modification and removal of KRIs and thresholds during annual review and off-cycle adjustment, and facilitate the approval process
• Monitor, maintain and report KRIs owned by FLU according to the governance requirements in the KRI Procedure
• Identify and escalate KRI warning line and limit breaches according to the KRI Procedure
• Produce FLU risk reporting for applicable risk areas, and report to Senior Management, IRM and risk committees as appropriate
• Identify existing and emerging risks potentially impacting the FLUs if any
• Identify incidents and issues and report to respective IRM
• Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU-owned business-identified issues
• Conduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)
• Maintain a control inventory, process mapping and other documentations as applicable
• Develop control testing plan
• Conduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentation
• Attend risk management related training
• Review the application security requirements, and conduct security control testing on processes, systems, and applications as applicable
• Assist ORD in conducting security monitoring investigation as needed
• Coordinate risk management related requests from internal/external audit, Head Office and regulators within FLU

Other

• Participate bank wide initiatives and address requests or inquiries if any
• Facilitate and coordinate with internal and external auditor or examiner for related audits/examinations
• Other assignments if needed

Requirement

• Bachelor’s degree is required; preferably in Accounting or Finance major
• A minimum of 4 years of experience in risk management or audit experience in banking and financial services is required for the AVP level
• A minimum of 1 year of experience in accounting management/reporting experience in banking and financial services is preferred
• Solid Knowledge of financial/banking industry; accounting knowledge; regulatory and compliance knowledge is required
• Excellent communication and writing skills are required
• CPA certification is preferred
• Fluency in Mandarin is highly preferred

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance

• Industries

  Banking

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Inferred from the description for this job

Medical insurance

Vision insurance

401(k)

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