Queens Branch - FLU Risk Manager Associate

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

4d•$42,000 - $90,000

About The Position

The FLU Risk Manager is responsible for executing the risk management processes and manages the risks within its department, including but are not limited to conducting risk assessments, testing the controls, identifying and reporting risks and issues, and monitoring the department’s adherence to risk management policies and procedures.

Requirements

Bachelor’s degree in Business Administration, Finance, or Economics required.
Minimum 1 years of Banking experience required for Associate level; Minimum 4 years of Banking experience required for AVP level
Minimum 1 years of Risk Management, Compliance, Internal Control experience required for Associate level; Minimum 2 years of Risk Management, Compliance, Internal Control experience required for AVP level
Demonstrate knowledge in risk management processes and principles, regulatory and compliance, BSA/AML/OFAC, financial/Banking Industry, business line and process flow, due diligence process and audit knowledge

Nice To Haves

Master’s degree preferred

Responsibilities

Implement, or coordinate with relevant FLU teams on the implementation of the RGF and risk management policies and procedures within FLU as well as enforcing relevant control s (e. g. Clean Desk check)
Create and maintain FLU procedures pertaining to FLU Risk Managers’ responsibilities
Provide inputs/feedback to IRM risk management policies and procedures
Monitor FLU adherence to IRM standards and requirements
Propose addition, modification and removal of KRIs and thresholds during annual review and off-cycle adjustment and facilitate the approval process
Monitor, maintain and report KRIs owned by FLU according to the governance requirements in the KRI Procedure
Identify and escalate KRI warning line and limit breaches according to the KRI Procedure
Produce FLU risk reporting for applicable risk areas, and report to Senior Management, IRM and risk committees as appropriate
Identify existing and emerging risks potentially impacting the FLUs if any
Identify incidents and issues and report to respective IRM
Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU owned business identified issues
Conduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)
Maintain a control inventory, process mapping and other documentations as applicable
Develop control testing plan
Conduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentation
Attend risk management related training
Identify risk management training needs for FLUs
Review the application security requirements, and conduct security control testing on processes, systems, and applications as applicable
Assist ORD in conducting security monitoring investigation as needed
Coordinate risk management related requests from internal/external audit, Head Office and regulators within FLU
Conduct and consolidate monthly business performance report for the Branch
Conduct research reports, business inquiries and other requests involving the Branch and submit to internal departments, domestic branches or Head Office upon request
Perform ad hoc assignment and reporting upon request
Assists to communicate with related department in creating marketing and advertisement material when needed
Assist in human resource duties involving the Branch including but not limited to employee hiring process, updating staff analysis