Senior Associate Risk - London, United Kingdom - Bank of China

Bank of China

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Risk Management Department is responsible for developing, maintaining and promoting the Bank's Enterprise Risk Management Framework (ERMF) and activities, and for providing independent second line of defence oversight for Traded Market Risk, IRRBB & FX Risk, Operational Risk and Model Risk management activities as well as the project management activities in the Bank.

As a Senior Associate - Risk, you will be responsible to assist the team in developing and maintaining a sound ERMF, overseeing framework embedment and execution, supporting enterprise-wide risk committees, maintaining a holistic risk profile of the Bank and providing enterprise input to various initiatives in the Bank.

Key responsibilities

Assist to develop and maintain Enterprise Risk Management (ERM) policy document suites. Define and oversee consistent implementation of risk management transversal process such as risk identification, risk appetite and adhoc analysis and stress test coordination across main risk stripes
Coordinate and oversee annual refresh of the Risk Appetite Statement (RAS) of UK entities, working with "contributors" from the respective second line of defence functions
Coordinate the production of enterprise risk reporting, working with "contributors" from the respective business, second line of defence function and various committees
Maintain and carry out periodic review of the UK entities' risk profile, risk governance for internal and external stakeholders
Coordinate and promote transversal enhancements UK entities' risk identification and assessment framework and coordinate periodic and adhoc risk identification and assessment campaigns
Assist to provide secretarial support to Bank's Enterprisewide Risk Committee. Ensures the meetings are effectively organised, operated and minuted, committee materials are well designed and prepared, communication and correspondence are adequately managed, committee actions are closely monitored and followed up, records and administrations are well maintained
Coordinate or provide ERM input to initiatives in the Bank, and contribute from ERM perspective into other Bankwide processes
Design, maintain, coordinate enterprise's risk training programme and communication in order to raise awareness and support the embedding of robust risk framework, governance and culture
Maintain effective engagement with relevant stakeholders for effective collaboration as well as sound understanding and effective embedding of ERMF
Provides administrative support to members of the Department

Requirements:

Degree educated in Business, Finance or other equivalent
Results oriented with solid analytical and problem solving skills
Relevant work experience gained in Financial Services, Auditing or Consulting
Good overall understanding of banking products (especially corporate lending) and risk management
Basic understanding of operational risk and risk management methodologies
Excellent interpersonal skills with ability to develop relationships and influence effectively
Team player
Excellent communications skills
Fluency in Mandarin is preferred

Having a presence in the UK for more than 90 years, Bank of China London Branch has been providing an excellent financial service to the market and maintain its competitive edge as an international bank operated in the UK.

It has employees in over 33 countries, and it is one of the most internationalised overseas branch in the Bank of China Group.

The Bank values the diversity of its employees and aims to create an inclusive environment where everyone can speak up and enjoy the equal opportunities to grow both personally and professionally.