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

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  • Bank of China Limited, New York Branch
  • New York, NY

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:

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:
  • Bachelors degree required. Masters 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 candidates relevant years of experience, skillset, education and other qualifications.

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

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