At a Glance
- Tasks: Oversee operational risk management and ensure effective controls within the bank.
- Company: Join Bank of China, a leading international bank with over 90 years in the UK.
- Benefits: Enjoy flexible benefits, complimentary lunch, and retail discounts.
- Other info: Dynamic, inclusive environment with continuous learning and growth opportunities.
- Why this job: Make a real impact on banking operations while developing your career.
- Qualifications: Degree in Finance or related field; experience in financial services preferred.
The predicted salary is between 55000 - 65000 € per year.
Operations Business Risk & Controls is responsible for overseeing the Bank’s resilience programme, third parties management and executing operational risk management programme for 1LoD in line with the Bank’s ongoing ERM project. As an Assistant Vice President – Operations Business Risk & Controls, you will be responsible for performing control testing and Quality Assurance reviews, providing feedback within the RCSA process and ensuring that the teams under Chief Operating Officer (COO) maintain adequate controls while staying informed of deficiencies or policy breaches. You will monitor and track issues from various channels, such as self-identified issues or internal audit findings to ensure timely remediation plans and action items, while preparing and validating accurate MI reports and risk assessments in accordance with bank procedures. This is a full time permanent position.
Key responsibilities
- Support the department to work with the front line operational support teams to execute 1LoD operational Risk Management programmes, including RCSA, KRI, Operation Risk Events (ORE) and external events.
- Analyse any emerging trends, incidents and ORE with COO functions to help identify any underlying issues and assess potential risks or impact and establish appropriate solutions, remedial actions and controls.
- Conduct control testing, including Quality Assurance testing and support the department to check teams in COO functions have adequate RCSA controls and escalate any deficiencies, policy breaches and overdue actions by working closely with the nominated operational risk co-ordinator for each team.
- Liaise with relevant team in COO functions to monitor the progress of customer compliant cases to the highest standard of customer care and resolve the complaint satisfactorily in accordance with FCA and TFC principles.
- Produce business statistics for team and department, including MI and KRI.
- Verify the report and timely submit to Head Office, Management Team, Regulatory bodies and other relevant internal departments.
- Coordinate various team/department tasks, support new projects and initiatives by proactively taking up new opportunities in learning and participation.
- Responsible for the relevant testing, implementation and business requirements’ preparation for new system.
Requirements
- Degree educated in Finance, Economics, Accounting or other relevant subjects.
- Solid experience in similar department or business stream within Financial Services industry, ideally in Banking.
- Good knowledge and understanding of operational risk, mitigating risk and control frameworks.
- Knowledge of corporate and retail banking products is preferable.
- Excellent verbal and written communication skills.
- Experience in people management is advantageous.
- Proficient in Microsoft Office (Excel, Word, PowerPoint).
- Team player.
- Able to deliver operational risk and control changes within the timeframe.
- Attention to detail.
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.
Benefits
We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including:
- Complimentary Lunch.
- Cycle to work scheme.
- Retail Discounts.
Assistant Vice President - Operations Business Risk & Control in London employer: Placeholder Commercial Real Estate Platform
At Bank of China London Branch, we pride ourselves on being an exceptional employer that fosters a culture of inclusivity and continuous learning. With over 90 years of presence in the UK, we offer our employees comprehensive benefits, personalised development opportunities, and a supportive environment that encourages professional growth and collaboration across diverse teams. Join us to be part of a dynamic organisation where your contributions are valued and your career aspirations can flourish.
Contact Detail:
Placeholder Commercial Real Estate Platform Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Assistant Vice President - Operations Business Risk & Control in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those already working at the Bank of China. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by researching the Bank’s resilience programme and operational risk management. Show us you know your stuff and can contribute to the team right from day one!
✨Tip Number 3
Practice your responses to common interview questions, especially around risk management and control frameworks. We want to see how you think on your feet and handle pressure.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team.
We think you need these skills to ace Assistant Vice President - Operations Business Risk & Control in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Assistant Vice President role. Highlight your experience in operational risk management and any relevant qualifications. We want to see how your background aligns with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how you can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Skills:Don’t forget to highlight your skills in control testing, quality assurance, and risk assessment. We’re looking for someone who can hit the ground running, so make sure we see that expertise front and centre.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Placeholder Commercial Real Estate Platform
✨Know Your Risk Management Frameworks
Make sure you brush up on your knowledge of operational risk management frameworks, especially those relevant to the banking sector. Be prepared to discuss how you've applied these frameworks in previous roles and how they can be beneficial in the Assistant Vice President position.
✨Prepare for Control Testing Scenarios
Since control testing is a key responsibility, think of specific examples where you've conducted quality assurance reviews or control tests. Be ready to explain your approach, the challenges you faced, and how you ensured compliance with policies.
✨Showcase Your Analytical Skills
The role requires analysing trends and incidents. Prepare to discuss how you've identified underlying issues in past experiences and the solutions you implemented. Use data or metrics to back up your claims, as this will demonstrate your analytical prowess.
✨Communicate Clearly and Confidently
Excellent verbal and written communication skills are essential. Practice articulating your thoughts clearly, especially when discussing complex topics like risk assessments or MI reports. Consider doing mock interviews to refine your delivery and ensure you come across as confident and knowledgeable.
