Bank Of America Vice President Senior Country Compliance Operational Risk Manager 

China, Shanghai, Shanghai 

464197051

Job Description:

Job Description:
This job is responsible for ensuring the identification, escalation, and timely mitigation of compliance and operational risks in the country in alignment with the Global Compliance -- Enterprise Policy, the Operational Risk Management -- Enterprise Policy and the Compliance and Operational Risk Management Program and Standard Operating Procedures. Key responsibilities include the timely oversight of the changes of local Laws, rules and regulations (LRRs), to provide comprehensive oversight of Front Line Unit (FLU) and Control Function (CF) activities, includingproper and prompt

Responsibilities:

• The Senior Country Compliance and Operational Risk (C&OR) Manager is responsible for ensuring the identification, escalation and timely mitigation of compliance and operational risks in China, in alignment with the Global Compliance Enterprise Policy, the Operational Risk Enterprise Policy, and the Compliance and Operational Risk Management (CORM) Program, and Standard Operating Procedures (SOPs).

• Conduct compliance and operational risk assessments in China and contribute to the risk assessment for the region, incorporating review of loss events to assess control effectiveness.

• Contribute to the Single Process Inventory ( SPI) development.

• Prepare Country Compliance and Operational Risk reporting, identifying and aggregating compliance and operational risks/issues for the country.

• Make the relevant compliance and operational risk training to address the local needs.

• Provide compliance and operational risk monitoring occurring in China.

• Evaluation of internal audit results, regulator identified issues, monitoring and testing results, and advising on the remediation.

• Ensuring Compliance and Operational Risk “owned” issues are addressed appropriately and timely.

• Oversight of changes in local and global/regional regulation, including advising on those changes and directing the appropriate areas to implement or amend policies and procedures/processes to address such changes.

• Provide high-quality advice/consultation to Lines of Businesses (Including Front Line Units and Control and Support Functions) for the business development as an independent gatekeeper.

• Escalate any key issues to the appropriate level of management.

• Ensure consistent quality of activities, processes and outputs can be made by independent task engagement or collaboration with other team members.

• Identify, review and document relevant internal and external loss events.

• Contribute to Scenario Analysis to provide a forward-looking estimate of hypothetical operational losses.

• Other tasks assigned by the manager from time to time.

Skills:

• Decision-making
• Attention to Detail
• Interpret Relevant Laws, Rules, and Regulations
• Regulatory Compliance
• Risk Management
• Written Communications
• Active Listening
• Critical Thinking and risk awareness
• Influence
• Issue Management
• Policies, Procedures, and Guidelines
• Cooperation and coordination
• Negotiation
• Process Management
• Relationship Building
• Good presentation
• Resilience and can work under pressure

Requirements:

• Minimum Years Banking Business & Functional Experience: 10 years
• Degree Required: Bachelor’s Degree.
• Understanding of a broad range of financial products with specific experience on Corporate Banking products and processes (Cash, Trade Finance, etc.).
• Banking Finance/Accounting/Risk Management experience is preferred.
• Business analysis and process design, program management, and communications is a plus.