Enterprise Risk Management - Risk Governance (CRO Office) AVP - Bank of China Limited, New York Branch

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:

This position is responsible for maintaining, updating and implementing enterprise-level risk governance policies and procedures based on relevant regulatory requirements; preparing and maintaining the agenda, reporting materials and meeting minutes for US Risk and Management Committee (USRMC); supporting the functioning of BOCNY Risk Management and Internal Control Committee (RMICC); assisting CRO in promoting risk culture; preparing and consolidating risk management reports as required by HO or regulators.

Responsibilities:

Committee Secretary:

• Maintain and update the charter and the related documentation of the US Risk and Management Committee (USRMC)
• Provide support to the functioning of BOCNY Risk Management and Internal Control Committee (RMICC);
• Coordinate the quarterly USRMC meetings, including setting up agenda, coordinating the meeting materials, recording the voting results and generating meeting minutes
• Coordinate with relevant departments in BOCNY and HO for the above-mentioned Committee meetings

Maintenance and Implementation of Risk Governance Policies and Procedures:

• Maintain and enhance risk governance policies and procedures including CUSO Risk Management Framework, BOCNY Risk Governance Framework and BOCNY KRI Procedure
• Promote the implementation of risk governance policies and procedures

  Monitor relevant regulatory changes to drive changes on documents and implementation

CRO Support:

• Prepare relevant materials and support the CRO to fulfill his responsibilities, e.g. annual CRO work summary
• Produce accurate, concise and timely reports to HO
• Support the CRO in planning activities to promote risk culture, including organizing town halls, offsite, survey, etc.
• Facilitate and coordinate the approval / signature process with the CRO

IRM Performance Evaluation Framework:

• Coordinate the annual IRM performance evaluation criteria update
• Facilitate the annual IRM performance evaluation process

Team Administration:

• Submit ERM requests on OA system
• Coordinate the consultant onboarding and exit processes with HRD
• Produce budget estimates and monitor the spending for all teams in ERM and escalate timely

Qualifications:

• Bachelor’s degree required. Master’s degree in Risk Management, Business Administration, Economics, Finance preferred
• Minimum 3 years of Risk governance experience required
• FRM or CFA preferred
• Bilingual ability in Mandarin and English
• Demonstrate knowledge of risk management in a foreign branch environment along with the understanding of the regulatory process governing such institutions in the US preferred 
• Demonstrate knowledge of OCC Heightened Standards and FRB Enhanced Prudential Standards (EPS)

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.