Vice President – Liquidity & Capital Risk Oversight (2LoD) in London

London Full-Time On-site

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Risk Management department is responsible for overseeing the credit risk and counterparty credit risk exposures of the Bank by providing active independent second line of defence (2LoD) review and challenge. It also oversee and provide 2LoD oversight over the Bank’s Financial Regulatory Reporting. As a Vice President - Liquidity and Capital Risk Oversight (2LoD), you will be supporting the independent 2LoD oversight of credit and counterparty credit risk resulting from the Bank’s on- and off-balance sheet in relation to business activities. You will also support the 2LoD oversight of the Bank’s financial regulatory reporting activities. This is a full time permanent role.

Key responsibilities

Act as a 2LoD Subject Matter Expert (SME) for Liquidity and capital risk management across the Bank, providing independent review, ongoing monitoring and oversight of relevant quantitative modelling capabilities
Provide independent review and challenge of key regulatory reports, including liquidity and capital reports, regulatory interpretations and first line of defence (1LoD) technical SME activities, ensuring completeness, consistency, quality and alignment with industry best practices
Monitor and ensure completeness, consistency and quality of 1LoD technical SME review and challenge activities/outcomes, and independently verify relevant 1LoD risk assessments
Guide and review 1LoD controls testing activities. Implement 2LoD controls testing programme to independently evaluate whether 1LoD business processes and embedded controls are effective for liquidity and capital risk management
Provide guidance and challenge to 1LoD on the ownership, design and implementation of liquidity and capital risk policies, processes and controls, ensuring alignment with the Enterprise Risk Management Framework and clear roles, responsibilities and segregation of duties across 1LoD (ALM, FMD) and 2LoD
Oversee stress testing, scenario analysis and sensitivity analysis, ensuring outputs are appropriately reflected in risk appetite, capital planning and liquidity management
Review and challenge remediation plans for issues and support the effective remediation of regulatory feedback, audit findings and recommendations
Drive continuous improvement across regulatory reporting, liquidity and capital risk frameworks, strengthening governance, controls, documentation standards and reporting processes
Collaborate with Finance, Treasury, Compliance and Internal Audit, supporting relevant committees and promoting robust risk culture, capability development and clear second-line expectations across the Bank

Requirements

Degree educated in Finance, Business Management, Mathematics, Risk Management, Economics or relevant subjects
Relevant professional qualification (e.g. CFA, FRM) is a plus
Experience in liquidity and capital risk management and/or regulatory reporting within financial services, preferably Banking, including an understanding of relevant liquidity and prudential requirements
Experience in either a 1LoD or 2LoD role, with an understanding of independent risk oversight, review and challenge
Experience in ICAAP/ILAAP, including liquidity and capital stress testing, scenario analysis and assessment of the impact on the Bank’s capital and liquidity adequacy
Proven track record of engaging effectively with regulators (PRA, FCA) including participating in reviews, thematic audits and/or remediation programmes
Understanding of UK regulatory reporting requirements (PRA/FCA)
Excellent communication skills
Demonstrated ability to constructively challenge and influence stakeholders at all levels, including senior leadership
Attention to detail
Team player

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

Meet our People

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 personal wellbeing.

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

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.

Ashley Watson
AVP – Security Operations & Risk Manager, General Administration

Over the past four years at Bank of China UK, I have had the opportunity to grow both professionally and personally in my role as the Security Operations and Risk Manager. My role involves safeguarding the bank’s operations through robust risk management and proactive security strategies. Every day brings new challenges, and the dynamic nature of the role keeps me engaged and motivated. One of the most rewarding aspects of working here is being part of a truly diverse and multicultural environment. Collaborating with colleagues from different backgrounds has broadened my perspective and enriched both my professional and personal experiences.