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- Tasks: Lead Operational Resilience and manage Third Party Risk Management for the Bank.
- Company: Join the Bank of China, a key player in global finance.
- Benefits: Enjoy a full-time permanent role with opportunities for growth and development.
- Why this job: Make an impact in risk management while working in a dynamic environment.
- Qualifications: Degree in Business or Finance; experience in risk management is essential.
- Other info: This role requires a UK work permit and offers a chance to shape banking operations.
The predicted salary is between 72000 - 108000 £ per year.
Operations Services department is a combination of both Middle Office and Back Office Processing teams. It provides processing support for the front line units (Transaction Banking, Corporate Banking and Financial Institutions) handling trade finance, loan and cash management products and these teams operate as a first line of defence (1 LoD) processing function.
As a Senior Vice President – Operations Business Risk & Controls, you will be responsible for leading the Operational Resilience and for managing the Bank-wide Third Party Risk Management. You will be overseeing the Business Risk and Control teams ensuring that they provide a first class service to the Bank’s internal and external stakeholders - currently Bank of China London Branch and Bank of China (UK) Ltd and all relevant UK regulatory bodies. This is a full time permanent position.
Key responsibilities
- Lead and manage the Operational Resilience programme ensuring strategic direction and oversight
- Ensure regulatory guidelines and deadlines are observed and implemented across the business
- Develop systems and tooling to support Operational Resilience framework
- Drive annual review of Crisis and Incident Management process and act as Secretary of Incident Management Team
- Lead the Emergency Response team
- Provide the oversight, training and guidance for the design, implementation and assurance of 1.5 LoD functions across COO departments
- Manage monthly COO Control Pack and thematic reviews
- Supervise teams handling critical controls (e.g. system access, cash management, general ledger)
- Lead centralised BRC training and ensure consistent control implementation
- Lead Third Party Risk Management programme
- Continual improvement and embedment of third party assurance framework, vendor due diligence, third party data management and reporting
- Own and manage third party data sources (e.g. Dow Jones, D&B, Hellios)
- Foster a solid risk and control culture in supplier management
Requirements
- Degree educated in Business, Finance, Accounting or other relevant subject
- Risk Management qualification is preferred
- Proven experience in a risk, controls or assurance, either within a professional service or the UK financial services industry
- Experience of non-financial risk management methodology and controls design
- Excellent working knowledge of both Operational Resilience and Third Party Risk Management and Outsourcing
- Understanding of the Three Lines of Defence Risk Management model
- Demonstrable knowledge of the UK regulatory environment
- Proven ability to deliver operational changes on time
- Demonstrable management experience in a similar role
- Solid leadership skills with ability to inspire and motivate a team
- Excellent interpersonal and communication skills to establish credibility and trust with senior stakeholders
Senior Vice President - Operations Business Risk & Control employer: Bank of China
Contact Detail:
Bank of China Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Vice President - Operations Business Risk & Control
✨Tip Number 1
Network with professionals in the banking and finance sector, especially those who have experience in risk management and operational resilience. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends in the field.
✨Tip Number 2
Familiarise yourself with the specific regulatory guidelines that govern the UK financial services industry. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to compliance and risk management.
✨Tip Number 3
Prepare to discuss your previous experiences in managing teams and implementing risk management frameworks. Be ready to provide examples of how you've successfully led initiatives that align with the responsibilities outlined in the job description.
✨Tip Number 4
Research the Bank of China's operations and their approach to risk management. Tailoring your insights and questions during the interview to reflect your understanding of their specific challenges and goals can set you apart from other candidates.
We think you need these skills to ace Senior Vice President - Operations Business Risk & Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in risk management, operational resilience, and controls. Use specific examples that demonstrate your leadership skills and ability to manage teams effectively.
Craft a Compelling Cover Letter: Write a cover letter that addresses the key responsibilities of the role. Explain how your background aligns with the requirements, particularly your experience in the UK financial services industry and your understanding of regulatory guidelines.
Showcase Relevant Qualifications: Mention any degrees or qualifications related to Business, Finance, or Risk Management. If you have additional certifications in risk management methodologies, be sure to include those as well.
Highlight Leadership Experience: Emphasise your management experience and provide examples of how you've inspired and motivated teams in previous roles. This is crucial for a Senior Vice President position.
How to prepare for a job interview at Bank of China
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Senior Vice President - Operations Business Risk & Control role. Familiarise yourself with the key responsibilities, especially around Operational Resilience and Third Party Risk Management, as well as the regulatory environment in which the Bank operates.
✨Prepare for Scenario-Based Questions
Expect to be asked about specific scenarios related to risk management and operational resilience. Prepare examples from your past experience where you successfully managed risks or implemented controls, demonstrating your problem-solving skills and strategic thinking.
✨Showcase Your Leadership Skills
As a senior role, the interviewers will be looking for strong leadership qualities. Be ready to discuss your management style, how you inspire and motivate teams, and any successful initiatives you've led that improved operational processes or risk management.
✨Engage with Regulatory Knowledge
Demonstrate your knowledge of the UK regulatory environment and how it impacts the banking sector. Be prepared to discuss how you would ensure compliance with these regulations within the operations framework, showcasing your expertise in risk management methodologies.
