Act as first line of defense to review and advise business on control matters, conduct transaction monitoring and business review to ensure adherence to internal/external requirements, identify possible compliance/operational risks/breaches, prepare management report(s) and provide recommendations to mitigate relevant risks
Assess product due diligence request raised by business
Coordinate BCP; perform UAT for system changes
Implement and review the risk control mechanisms (e.g KRIs) and risk monitoring requirements on the private banking business
Work on regulatory survey(s); conduct annual risk and control assessment to ensure relevant risks are identified with proper control being laid down
Review policies & procedures, risk assessment materials submitted by various units and to analyze the compliance/operation risks in new businesses / products / systems
Conduct trade surveillance, daily report monitoring and other regular transaction and work flow monitoring to identify possible compliance/operational risks and provide recommendations to enhance control weaknesses
Perform self-assessment, gap analysis against internal and/or regulatory requirements
Work closely with business and second line of defense to implement regulatory and internal requirements on the private banking business
Investigate operational risk incidents, recommend appropriate enhancement and monitor implementation status of action plan(s)
Perform regular and ad hoc monitoring / self-assessment on relevant business activities and prepare management reports on compliance and operation risk related review results
Coordinate internal / external review or audit
Provide staff training where required
Assist on other ad hoc tasks as assigned

Requirements

Degree or above
At least 2 years banking experience, with Operational Risk Management experience in banking sector. With relevant private banking background is an advantage.
Good analytical, time management and interpersonal skills, with ability to prioritize tasks.
Proficient in written, spoken English and Chinese
Familiar with HKMA / SFC regulatory requirements

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About Bank Of China (Hong Kong) Limited

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