Executive Office - Planning & Risk Control Associate/Assistant Vice President

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

The Planning and Risk Reporting Associate/AVP plays a critical role in supporting the departmental strategic planning and risk management efforts. This position is responsible for executing the risk management processes and manages the risks within its department, including but are not limited to conducting risk assessments, testing the controls, identifying and reporting risks and issues, and monitoring the department’s adherence to risk management policies and procedures. This position is also responsible for assisting in the preparation, analysis, and delivery of comprehensive planning and risk reports, ensuring data accuracy, and maintaining high standards of quality control. The role requires collaboration across various departments to gather insights, monitor performance metrics, and ensure compliance with regulatory and organizational standards. This role is designed to help Executive Office and the team develop comprehensive business reports (such as briefings, presentations, financial, risk and budgetary reports), track progress through data-driven reporting, ensure adherence to quality control standards, and help manage department risk stripes to align with the bank's objectives.

Responsibilities

Include but not limited to: 

Risk Management and Quality Control

• Implement, or coordinate with relevant Front Line Unit (FLU) teams on the implementation of the RGF and risk management policies and procedures within FLU.
• 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.
• Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU-owned business-identified issues.
• Maintain a control inventory, process mapping and other documentations as applicable.
• Conduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentation.
• Coordinate risk management related requests from internal/external audit, Head Office and regulators within FLU.
• Monitor the departmental third-party risk management, business continuity planning/testing and record retention.
• Any additional responsibilities related to compliance risk management, as assigned by their department heads.

Planning and General Management

• Assist in developing, consolidating, and delivering periodic planning reports (bilingual) and dashboards for senior management and stakeholders.

• Provide data-driven insights to support strategic decision-making.

• Collaborate with teams to monitor financial and operational performance indicators and liaise with HO when appropriate.

• Act as a point of contact for inquiries related to planning and reporting activities.

Compliance and Documentation

• Ensure compliance with internal policies, regulatory standards, and reporting requirements.
• Maintain comprehensive documentation for planning and reporting processes.

Other Departmental Responsibilities

• Assist the department management and the team with day-to-day administration of EO.
• Patriciate in special projects and other duties as assigned.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Risk Management, Language and Translation, or a related field required at the time of hiring. Master's degree preferred.
• For Associate, 1 year of experiences in Business Management, Planning, Banking, Risk Management, Compliance, or Internal Control; For AVP, 4 years of experiences in Business Management, Planning, Banking, Risk Management, Compliance, or Internal Control.
• Bilingual ability in English and Mandarin required.
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Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $150,000.00 /Yr.

Compensation: 42000 to 150000 (USD)