Perk 1
Perk 2
Perk 3

Assistant Vice President - Financial Risk Analytics & Stress Testing (2LoD)

Location London
Department Risk Management
Mergefield Title {Mergefield Value}
Mergefield Title {Mergefield Value}

This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.

Risk Management department is responsible for overseeing the credit risk and counterparty credit risk exposures of the Bank by providing active independent second line of defence (2LoD) review and challenge. It also oversee and provide 2LoD oversight over the Bank’s Financial Regulatory Reporting. As an Assistant Vice President - Financial Risk Analytics & Stress Testing (2LoD), you will be providing independent 2LoD oversight of Financial Risks by reviewing existing and further developing new financial risk analytics including liquidity, IRRBB, FX, capital and traded market risk models. You will also strengthen the Bank’s second line involvement and independent review of an ongoing ALM system implementation. This is a full time permanent role.

Key responsibilities

  • Act as the 2LoD Subject Matter Expert (SME) for financial risk analytics, capital adequacy and ALM system implementation, supporting the enhancement of quantitative modelling capabilities across IRRBB, liquidity and capital risk
  • Ensure the financial risk management framework, liquidity policies and capital policies align with the Enterprise Risk Management Framework, regulatory requirements and industry best practice
  • Ensure clear roles, responsibilities and segregation of duties across first line of defence (1LoD) Report Owners, Technical SMEs and 2LoD, promoting accountability and effective independent oversight
  • Provide risk-based independent 2LoD review and challenge of key liquidity and capital regulatory reports, including underlying assumptions, methodologies, judgements, manual adjustments, regulatory interpretations and reporting outcomes
  • Produce and oversee ongoing and ad hoc stress testing, scenario analysis and sensitivity analysis, ensuring outputs inform risk appetite, capital planning and liquidity management
  • Guide and challenge 1LoD controls testing and implement an independent 2LoD controls testing programme to assess the effectiveness of processes and controls across IRRBB, liquidity and capital risk, including assigned operational risk oversight responsibilities
  • Review and challenge remediation plans and oversee the effective resolution of regulatory feedback, audit findings, control deficiencies and other identified issues
  • Support effective risk oversight committees through robust analysis, reporting and independent challenge, working closely with Finance, Treasury, Compliance, Internal Audit and other relevant stakeholders
  • Drive improvements across the Regulatory Reporting, Liquidity and Capital Risk Framework, strengthening governance, controls, documentation standards, reporting processes and implementation of regulatory requirements
  • Provide guidance, training and support to 1LoD on appropriate processes and controls, develop team capability, reinforce 2LoD expectations and promote a robust risk culture and accountability across both lines of defense

Requirements

  • Degree educated in quantitative discipline such as Mathematics, IT, Physics, Economics, Statistics, Engineering or other relevant subject
  • Relevant professional qualification in Risk Management, ALM, Treasury or a related discipline is desirable
  • Experience in liquidity, IRRBB and capital risk management within a regulated financial institution, ideally banking
  • Hands on experience in operating in a 2LoD or independent oversight role as well as in the implementation of quantitative models and treasury systems
  • Demonstrated experience in IRRBB, market and liquidity risk modelling, and ALM system implementation
  • Proven track record of engaging effectively with regulators (PRA, FCA) including participating in reviews, thematic audits and/or remediation programmes
  • Programming skills in Python and/or R
  • Excellent communication skills
  • Excellent stakeholder management and influencing skills
  • Attention to detail
  • Analytical judgement and the ability to assess complex risk issues and regulatory requirements

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.  

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 

We provide an attractive and comprehensive benefits package, offering flexibility that can enable you to select the benefits that suits your needs, including: 

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.

Alternatively, please sign in with...


Published

Not Published

Closing

in X days

{Expiry}