Credit Risk Management - Governance Team AVP

Bank of China Limited, New York Branch•New York, NY

3d•$65,000 - $150,000

About The Position

Bank of China is hiring an AVP for its Credit Risk Management Governance Team. The position conducts credit risk management duties focused on credit portfolio analysis and risk reporting. It leads credit loss allowance estimation and reporting, monitors the Bank’s credit risk profile, supports credit risk policies and procedures, coordinates regulatory and audit matters, and serves as secretary for risk committees.

Requirements

Bachelor’s degree required, preferably with a major in Finance, Economics, or Accounting.
At least 4 years of Credit Risk Management experience.
Experience in at least two of the following areas: accounting/CECL/IFRS 9, financial data/call reports, management-level credit risk reporting, programming, or policy writing.
CECL and accounting knowledge required.
Demonstrated knowledge of accounting.

Nice To Haves

MBA preferred.
CPA, CFA, or FRM preferred.

Responsibilities

Lead the estimation of credit loss allowances, ensuring accuracy and adherence to accounting standards such as CECL and IFRS 9.
Prepare and review internal credit loss reports and presentations for senior management and regulatory bodies.
Collaborate with model and data teams to refine methodologies and improve predictive analytics.
Establish and maintain policies and procedures for credit loss estimation and reporting.
Ensure compliance with regulatory requirements and internal controls related to ACL.
Coordinate with credit officers, finance, and accounting teams to align on credit loss estimation processes and assumptions.
Monitor the Bank’s credit risk profile, including asset quality, portfolio composition changes, concentrations, rating migrations, and loan provision changes.
Work with CRM’s internal team to ensure correct calculation and reporting of credit risk metrics.
Monitor and report on adherence to or breaches of risk metrics; maintain liaison with Head Office and channel loans requiring Head Office approval.
Prepare monthly credit risk reports for the Credit Risk Committee and quarterly reports for the Risk Management and Internal Control Committee and the Board.
Prepare portfolio reports and analyses, including Key Risk Indicators, exposure, credit rating, concentration, and exception management.
Provide periodic reports to Head Office, including asset quality, credit risk, credit counterparty risk, and major event reports.
Enhance credit policies and procedures in line with industry practice, regulatory guidance, and Head Office guidance.
Assist with the Bank’s communications with regulators and auditors regarding credit-related issues.
Coordinate internal and external audits or regulatory examinations, and assist the Bank in preparing responses to requests and questions.
Manage remediation processes, including proposing action plans and tracking remediation progress.
Propose risk committee meeting agendas.
Prepare and compile risk committee meeting materials.
Prepare risk committee meeting minutes.