Description

About the role

Risk Management department is responsible for developing, maintaining and promoting the Bank's Enterprise Risk Management Framework (ERMF) and activities, and for providing independent second line of defence (2LoD) oversight for Traded Market Risk, IRRBB & FX Risk, Operational Risk and Model Risk, Climate Risk and Strategic Risk management activities in the Bank. As a Senior Vice President - Market and Liquidity Risk, you will be responsible for the strategic leadership and independent 2LoD oversight and challenge of the Banks' financial risk profile. The role covers oversight of market risk, liquidity risk, capital risk, IRRBB, foreign exchange risk and all other associated structural balance sheet risks and regulatory reporting. This is a full time permanent role.

Key responsibilities

• Develop and maintain an effective independent 2LoD framework that oversees risk management activities in relation to market risk, liquidity risk, capital risk, IRRBB, FX risk and all other associated structural balance sheet risks and regulatory reporting
• Develop, maintain and implement sound policies in accordance with regulatory requirement, group policies and local market practices
• Collaborate with all 2LoD functions across the Bank to complete financial risk management activities (e.g. Risk Appetite Review, Risk Data Aggregation), and provide meaningful input and support to the effectiveness of the Bank's Risk Management and Internal Control Committee and Board Risk Committee
• Oversee stress testing, scenario analysis and sensitivity analysis related to financial risks, ensuring the stress testing outputs are embedded into risk appetite, capital planning and liquidity management
• Lead and support enterprise-wide Financial Risk related initiatives, including participation in regulatory engagement. Provide subject matter expert input to other activities, work groups and projects in the Bank (e.g. Risk Appetite, Business Strategy Review, New Products, ICAAP and Basel 3 Pillar analysis and Disclosure) where appropriate
• As an SME, attend and input to the Business Development Committee, Compliance Committee, Credit Risk Committee, Risk Management and Internal Control Committee and Financial Review Committee
• Provide senior Financial Risks SME leadership to help develop the strategic direction of the Risk Management department and ensure quality work delivery and robust internal controls are in place
• Ensure regular and good communication with Head Office and effective alignment, collaboration and information sharing

Requirements

• Degree educated in Finance, Business Management, Mathematics, Risk Management or Economics
• Relevant professional qualification (e.g. FRM, PRM, CFA)
• Excellent work experience in Financial Risk Management, Treasury and Market Risk Management, Capital Management, Regulatory Reporting (ICAAP and ILAAP) and Credit Risk/CCP Risk Management in Wholesale and Retail Banking
• Extensive experience in Market Risk and Liquidity Risk Management within a regulated banking environment is essential
• Proven track record of engagement with the regulators (PRA and FCA) and Board level committees
• Proven experience of people management and development
• Thorough understanding of the risk management principles and practices in relation to Treasury Risk and Market risk management, liquidity/capital management and regulatory reporting, Credit/CCP risk management, model risk management and desirably RWA management
• Good understanding of ICAAP and ILAAP, stress testing, capital and liquidity frameworks
• Excellent communication and interpersonal skills with the ability to form effective relationships at different levels and to influence and engage key stakeholders
• Fluency in Mandarin is preferred but not essential
• Excellent presentation skills
• Team player
• Good analytical and problem solving skills
• Excellent organisational skills

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:

Private
Healthcare

Pension

Employee Assistance Programme

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.