Logo of Huzzle

Assistant Vice President - Business Risk

  • Job
    Full-time
    Expert Level
  • Accounting & Tax
    Banking & Finance
  • London

Requirements

  • Degree educated in Finance, Economics, Business, Accounting or other equivalent
  • Demonstrated Risk Management experience gained in Financial Services industry, Consultancy or Audit, preferably in Financial Institutions business area
  • Excellent understanding of financial products, services, process and risk management process
  • Solid experience from Commercial Banking or Capital Markets background
  • Solid understanding of different types of risks in FI business area, both financial and non-financial
  • Good Wholesale Banking product knowledge, especially for FI
  • Solid knowledge on regulatory, legislative requirements for FI business
  • Attention to detail
  • Excellent analytical and problem solving skills
  • Team player
  • Excellent interpersonal and communication skills
  • Fluency in Mandarin is preferred

Responsibilities

  • Advise in identifying and assessing non-financial risks (e.g. Financial Crime, Regulatory Compliance and Business Continuity risks) captured under the Operational Risk Taxonomy and associated controls
  • Work with business to execute 1LoD operational risk management programme (e.g. RCSA, KRI, ORE, External Events), New Product Approval Process, and 1LoD assessment for specific non-financial risks (e.g. ABC, Fraud, Tax Evasion Risk Assessment and Control Attestation)
  • Develop an understanding of both Head Office and local requirements, update and improve the department’s business procedures, oversee the business execution, identify and document controls in the business that meet the Bank’s and regulatory requirements
  • Improve the existing KRI reports and design new monitoring reports and risk indicators, prepare and present the regular business operational risk management reports to Senior Management and key risk governance committees
  • Act as the key point of contact on the operational risk & controls matters or initiative in Financial Institutions business area, maintain effective end-to-end engagement with second line of defence (2LoD) and Head Office to report Financial Institutions risk control environment and improvement in accordance with all relevant requirements
  • Work with end-to-end stakeholders to analyse emerging trends, incidents and reportable operational risk event (ORE) to identify underlying issues, assess potential risks and establish appropriate solution or remedial actions; escalate to Management and governance forum on material concerns, persistent issues or breaches of rules
  • Participate and coordinate with working groups and project teams as required
  • Design and implement Financial Institutions business line measures and procedures as required

Finance
Industry
10,001+
Employees
1912
Founded Year

Mission & Purpose

Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank. Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively. The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.