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- Tasks: Support operational risk management and ensure compliance with banking standards.
- Company: Join the Bank of China, a leading international bank with a diverse workforce.
- Benefits: Full-time permanent position with opportunities for personal and professional growth.
- Why this job: Make a real impact in risk management while working in a dynamic environment.
- Qualifications: Degree in Finance or related field; experience in operational risk management preferred.
- Other info: Fluency in Mandarin is a plus; excellent career development opportunities await!
The predicted salary is between 36000 - 60000 £ per year.
Operations Services department provides processing support for the front line business units handling trade finance, loan and cash management products. The department also includes Business Risk & Controls, Financial Crime Operations and Facilities Management. As an Associate - Operations Business Risk and Controls, you will play a critical role in supporting the Operational Risk Management program across the department. This is a full time permanent position.
Key responsibilities
- Execute the first line of defence (1LoD)'s Operational Risk Management program including Risk and Control Self-Assessment (RCSA), Key Risk Indicator (KRI), and Operational Risk Event (ORE) tracking in collaboration with operational support teams.
- Analyse emerging risk trends, incidents, and OREs to identify underlying issues, assess impacts and establish appropriate remedial controls and solutions.
- Maintain oversight of the department's risk profile by tracking and managing identified issues from all sources (e.g. Internal Audit), ensuring remediation actions are delivered within agreed timelines.
- Conduct control testing and Quality Assurance (QA), assess the adequacy of RCSA controls, and report deficiencies, policy breaches and overdue actions.
- Liaise with relevant teams to ensure customer cases are handled to the highest standard, complying with FCA and Treating Customers Fairly (TFC) principles.
- Support new projects and initiatives, including preparing business requirements, coordinating tasks and taking responsibility for relevant system testing and implementation.
- Provide support for daily operational tasks within the department, ensuring adherence to the Bank's procedures and the timely, accurate delivery of all team's duties.
- Act as the operational risk coordinator liaison, promoting risk awareness and supporting the integration of the risk and control frameworks across the department.
Requirements
- Degree educated in Finance, Economics, Accounting or other relevant subject.
- Proven track record in Operational Risk and Controls management in Banking sector.
- Solid understanding of operational risk, mitigating risk and control frameworks.
- Understanding of corporate and retail banking products.
- Excellent analytical skills.
- Excellent written communication skills in English.
- Fluency in Mandarin Chinese is advantageous.
- Proficient in Microsoft Office (Word, Excel, PowerPoint, Visio).
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.
Associate - Operations Business Risk and Controls in London employer: Bank of China (UK) Limited
Contact Detail:
Bank of China (UK) Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate - Operations Business Risk and Controls in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and role thoroughly. We recommend practising common interview questions and even doing mock interviews with friends. The more prepared you are, the more confident you'll feel!
✨Tip Number 3
Showcase your skills! Bring examples of your work or projects that relate to operational risk and controls. We want to see how you’ve tackled challenges in the past and how you can bring that experience to the table.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Associate - Operations Business Risk and Controls in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the role of Associate - Operations Business Risk and Controls. Highlight your experience in operational risk management and any relevant skills that match the job description. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about operational risk and how your background makes you a great fit for us. Keep it concise but engaging – we love a good story!
Show Off Your Analytical Skills: Since this role requires excellent analytical skills, make sure to include examples of how you've used these skills in past roles. Whether it's through data analysis or problem-solving, we want to see how you tackle challenges head-on.
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at Bank of China (UK) Limited
✨Know Your Risk Management Basics
Make sure you brush up on the fundamentals of Operational Risk Management. Understand concepts like Risk and Control Self-Assessment (RCSA) and Key Risk Indicators (KRI). Being able to discuss these confidently will show that you're not just familiar with the terms, but you can apply them in real-world scenarios.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical abilities during the interview. Think of examples where you've identified risk trends or resolved issues in previous roles. Use the STAR method (Situation, Task, Action, Result) to structure your responses and make them impactful.
✨Familiarise Yourself with Banking Products
Since the role involves understanding corporate and retail banking products, take some time to review these areas. Be ready to discuss how different products might present unique risks and how you would approach managing those risks effectively.
✨Communicate Clearly and Confidently
Excellent written communication skills are a must for this position. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few questions to ask at the end of the interview, showing your interest and engagement with the role and the company.