Bank of China USA · 4 hours ago
Executive Office - FLU Risk Manager AVP
New York, NY
Full-time
Onsite
Mid, Senior Level
$65K/yr - $150K/yr
5+ years expBank of China is one of the largest banks in the world, with a global presence and a commitment to providing reliable financial services. The FLU Risk Manager is responsible for executing risk management processes and managing risks within the department, including conducting risk assessments and ensuring adherence to risk management policies.
Banking
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 controls (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
Monitor the departmental third-party risk management, business continuity planning/testing and record retention
Actively participate in the monthly FLU Compliance Testing meetings
Participating in the BSA/AML/OFAC risk assessment, including monthly data verification, and demonstrating an adequate understanding of the RAE system
Contributing to the annual Fraud risk assessment, such as ensuring timely completion of the questionnaire with high quality, and reviewing and providing feedback on the reports
Contributing to the annual Consumer and Regulatory compliance risk assessment, such as ensuring timely completion of the questionnaire with high quality, and reviewing and providing feedback on the reports
Acting as the department's regulatory change coordinator, providing timely responses to the LCD as requested
Any additional responsibilities related to compliance risk management, as assigned by their department heads
Act as liaison between CISO and FLU department to perform required assigned projects under Data Privacy Program on a timely basis. Support Data Privacy program deliverables includes but not limited to identifying projects or applications initiated or owned by department and perform necessary privacy impact assessment
Identify data sharing cross-border and follow cross-border data sharing requirements to get required review and approval
Identify and report to CISO on a timely basis any incidents related to data privacy breach or data security breach
Coordinate between FLU and CISO to timely perform and complete user recertification
Assist the Department Management with day-to-day administration of EO including preparation of workforce analysis and business impact analysis, drafting departmental strategic plan, work reports and others
Conduct quality assurance evaluation and testing to departmental processes, assist with workflow process review and revision
Monitor the implementation of departmental ABAC compliance and expense management
Participate in special projects and other duties as assigned
Qualification
Required
Bachelor's degree in Business Administration, Finance, or Economics
Minimum 5 years of Banking or Administration experience
Minimum 5 years of Risk Management, Compliance, and Internal Control experience
Demonstrate knowledge in risk management processes and principles, regulatory, and compliance
Demonstrate knowledge in Purchasing Management, Asset Management, Expense Management, Facility Management, Reputation Risk Management, Donation and Sponsorship management, Branding and Marketing, and Executive Support, etc
Bilingual ability in English and Mandarin
Preferred
Master's degree
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase