Assistant Vice President

7 days ago


London, Greater London, United Kingdom Parkinson's UK Full time
Assistant Vice President - Operational Risk

Location London

About the role

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 (2LoD) oversight for Traded Market Risk, IRRBB & FX Risk, Operational Risk and Model Risk management activities as well as the project management activities (i.e. project risk) in the Bank. As an Assistant Vice President - Operational Risk, you will be working in the Operational Risk Management (ORM) Team within the second line of defence (2LOD) that maintains ORM document suite and provides independent advisory and oversight on the first line of defence (1LoD) operational risk management activities. This is a 12 months fixed term contract position.

K ey responsibilities

  • Maintain ORM framework, policies and standards to ensure they are effective, up-to-date and in line with industry practices and regulatory expectations
  • Independently oversee the 1LoD execution of Operational Risk Management Programme such as RCSA, KI, Operational Risk Event, External Events, Scenario Analysis and Control Management, and provide independent advisory as appropriate
  • Establish and maintain good relationship with business, support functions and 2LoD across the Bank as well as good understanding of business products and service offering and front-to-bank process and controls
  • Develop and maintain a holistic and independent view of the operational risk profile and the internal control environment of the Bank and of individual departments. Keep managers abreast of material emerging trends, arears of concerns or notable external events
  • Cultivate sound operational risk management awareness, practices and culture in the Bank by encouraging trust, collaboration, transparency and by providing 2LoD operational risk advisory and training
  • Lead or assist in independent data, issue and trend analysis or thematic reviews and the production of Operational Risk Management Information (MI) or committee deck for the Operational Risk Committee, reporting to Head Office
  • Develop and maintain a good understanding of the sound industry practices and regulatory expectation such as Basel, EBA and FCA in order to provide adequate 2LoD advisory and oversight, and keep Management abreast of latest development and emerging trends
  • Support the Head of Department in any other projects or tasks as required

Requirements

  • Degree educated in Business Administration, Finance, Economics, IT, Law or related discipline
  • Solid operational risk management experience gained in Financial Services, Auditor or Consultancy
  • Solid knowledge of financial services product, services, process and risk management principles
  • Deep understanding of operational risk methodologies, sound risk management principles, tools, regulatory requirements and common industry practice
  • Result-oriented with excellent analytical and problem-solving skills
  • Team player who is able to work independently
  • Excellent interpersonal skills with ability to develop relationships and influence effectively
  • Ability to handle multiple projects and priorities concurrently and manage expectations accordingly
  • Able to confidently provide constructive challenges and feedback to stakeholders
  • Proficiency in Microsoft Office (Word, Excel, PowerPoint and Access)

Working here

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.

Learning and Development

We strive to offer you a continuous learning environment and we will invest in your development. We provide personalised and varied learning tools to support your growth and career through:

access to the best in class qualifications from leading professional bodies such as the Professional Bankers Certificate and Green & Sustainable Finance Certificate from the Chartered Banker Institute

24/7 on-demand access to over 600 e-tutorials to build and refresh core and advanced banking knowledge

regular pan-bank stay connected sessions to keep in touch with what is going on across the bank and build your network

exploring your unique and collective strengths and development areas to become the best version of yourself using the globally renowned Insights personality profile

developing our People Managers to help coach and guide you towards success, through our 9-month People Manager Development Programme

encouraging a "growth" personal mindset and promoting continuous professional development (CPD) through annual events such as Learning at Work Week

embracing change in a fast-moving industry and encouraging a forward-looking perspective on career development to "future-proof" your career

promoting cross cultural intelligence and to seek out diverse and inclusive perspectives on challenges faced and their solutions

We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including:

Celine Luo
Assistant Vice President, Financial Crime and Compliance

Celine Luo
Assistant Vice President, Financial Crime and Compliance

Bank of China is a great platform for everyone who wants to gain different knowledge and self-development. I started as a Junior Associate and had the opportunities to gain invaluable working experience in two different departments. I am happily working here, as an Assistant Vice President in the Financial Crime and Compliance department. I believe I will continue to grow here, not only in my career development but also in my personalwellbeing.

Daniel Shulakov
Senior Associate,
Credit Management

I joined Bank of China as a university graduate and I believe I have found the best place for me. From the first day my priority was always to learn. This was quickly recognised by my department, which provided me with the platform to grow, and my colleagues have been very helpful in the guidance they have provided me with along my journey. There are ample opportunities to grow with the Bank and it all depends on how much one would like to develop themselves.

Rita Cobbold
Vice President – Head of Customer Due Diligence, CFU Middle Office

Rita Cobbold
Vice President – Head of Customer Due Diligence, CFU Middle Office

I have been working at Bank of China for almost 8 years. In March 2022 I was promoted to VP -Head of Customer Due Diligence and I lead the CDD Unit. There are so many great things about working for the company. My favourite is probably the Bank's commitment to identifying talent and nurturing them to develop into great leaders. The Bank embraces employees of all experience levels, backgrounds, and beliefs. They understand the value of a diverse team and make efforts to hire a variety of people. Working here has really enhanced my knowledge, my understanding of different cultures, leadership skills and a sense of direction for the future.

Jamie Robinson
Assistant Vice President – Sales, Financial Markets

As a 20-year veteran at Bank of China, I have seen huge growth and progress within that time. Through hard work and perseverance, I was given the opportunity to progress through the ranks, utilising the training and development facilities and absorbing the experience from a diverse range of colleagues. This has been invaluable to develop my soft skills and become a well-rounded professional.
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