Operational Risk Management Department-Third Party Risk Management Associate / AVP

Introduction

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview

The incumbent is responsible for all aspects of and will provide oversight, guidance and challenge to the Bank's Third Party Risk Management (TPRM). S / he will establish and enhance the Third Party Risk Framework, draft and maintain TPRM policies and standards, develop and execute TPRM annual work plans, and conduct periodic risk assessments. S / he will also assess, monitor and track TPRM lifecycle activities, ensure documentation completeness, and prepare aggregated TPRM reports on risk data and analysis.

Responsibilities

Include but are not limited to

Third Party Risk Management Framework

• Establish and enhance the Third Party Risk Framework, ensure it consists of appropriate components to effectively manage third party risks
• Update third party risk management policies and procedures
• Develop and execute a third party risk annual work plan to review and challenge risk identification, assessment, control evaluation and testing activities
• Utilize a consistent risk rating methodology for controls that aligns with the Operational Risk Framework
• Conduct periodic risk assessment of third party risks

Third Party Risk Management Lifecycle & Implementation of TPRM Second Line Review

Risk Assessment

BSA / AML, Compliance, and Talent Management

Qualifications

Pay Range

Actual salary is commensurate with candidate's relevant years of experience, skillset, education and other qualifications.

USD $42,000.00 - USD $150,000.00 / Yr.