Senior Officer - Operational Risk Control (1.5 LoD)

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We have a great opportunity for a Senior Officer – Operational Risk Control (1.5 LoD) to join the CFU Middle Office at Bank of China London.

About the role

CFU Middle Office provides specialist anti-money laundering, counter terrorist financing, sanctions, financial crime checks, and other general compliance and regulatory support to the frontline business units of the Bank. As a Senior Officer – Operational Risk Control (1.5 LoD), you will support to facilitate, advise and oversee the first line of defence (1 LoD) compliance risk, operational risk and control management and post-lending management activities. You will also assist to promote sound risk culture, awareness and behaviour within the frontline business. This is a full time permanent position.

Key responsibilities

• Advise and support the business in identifying and assessing non-financial risks captured under the Operational Risk Taxonomy and associated controls.
• Oversight and monitor the business in post-lending related activities including annual review submissions, internal ratings, risk classifications and related quality assurance checks.
• Work with business to execute 1 LoD operational risk management programme, New Product Approval Process, and 1 LoD assessment, attestation and reporting for specific non-financial risks.
• Work with end-to-end stakeholders to analyse emerging trends, incidents and reportable Operational Risk Event (ORE) to identify underlying issues, assess potential risk and impact and establish appropriate solutions.
• Maintain a good overview of the Business operational risk profile and control environment. Follow-up on issues identified from various channels and associated remedial actions and status of action implementation.
• Advise and support the business in reviewing policies and procedures and documenting controls in the business that meet the Bank’s and regulatory requirements.
• Oversee business operational risk and control management activities. Challenge the business when adequate practices are not evident, provide guidance and recommend course of action as appropriate.
• Maintain effective end-to-end engagement with Business Risk & Control Manager (BRCM) as well as second line of defence (2 LoD) oversight functions for various non-financial risk types.
• Prepare and present the regular business operational risk management reports to Senior Management and key risk governance forums and committees.
• Escalate to Management and governance forum on material concerns, persistent issues or breaches of rules, regulation, policies or procedures.
• Conduct Quality Assurance (QA) exercise on quarterly basis on relevant business activities within the frontline of business.

Requirements

• Degree educated in Business Administration, Finance, Economics, Law or other equivalent.
• Solid relevant experience gained in Commercial Banking, Corporate Banking, Consultancy or Audit.
• Demonstrated experience in conducting QA.
• Familiar with the regulatory requirements of Commercial and/or Corporate Banking business and common market principles.
• Solid understanding of financial products, services and process, and compliance and risk management process is a plus.
• Ability to handle multiple projects and priorities concurrently and manage business expectations accordingly.
• Excellent analytical and problem solving skills.
• Proficient in Microsoft Office (Word, PowerPoint, Excel).
• Excellent communication skills with solid presentation skills.

How to apply

To apply please visit our career page at Bank of China Career Page .

Seniority level

Mid-Senior level

Employment type

Full-time

Industries

Banking

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