Job Summary

Assists the VP and leader of the Operational Risk Management team in overseeing, developing, implementing and administering all aspects of the Bank’s operational risk management framework and program, including the development and implementation of second line ORM policies and procedures, to identify, assess, mitigate applicable operational risks, and for corresponding first line controls and procedures.
Assists the VP, ORM in the appropriate design, implementation and operation of the Bank’s fraud risk management program.
Leading on the planning, conducting and reporting of monitoring and testing of operational risk controls across the Bank.
The role includes helping to promote and ensure a sustainable culture of operational risk management across the Bank.

Essential Duties & Responsibilities

Accountable for scope as assigned by the VP, ORM, for the design, implementation and sustainability of the Bank-wide operational risk management framework.

Assisting the VP, ORM with:

Development of annual ORM objectives and work plans.
Preparing draft ORM policies and procedures, and participating in and/or leading ORM’s review of other Bank policies and procedures for which ORM is a stakeholder.
Managing the new product management program, including the corresponding policy, review of new product proposal, coordinating the stakeholder review and approval process.
Co-ordination, and review and challenge of quarterly ORM reports from business units, and consolidating results.
Preparing regular and ad hoc reporting to senior management, the Board and the Parent Bank, and to regulators when applicable.
Development, implementation and maintaining an appropriate Bank-wide business continuity management program, including partnering with and oversight of business and other department business continuity plans.
Oversight and handling of the model risk management program, including to help the Bank comply with OSFI Guideline E-23.
Coordinating with the Information Security Officer as applicable.
Managing the following: risk and control assessment process, key risk areas and key risk indicators, and loss data collection.
Leading on the preparation and implementation of appropriate ORM training.
Keep abreast of new and emerging regulatory changes, Parent Bank measures, and trends with respect to ORM.

Requirements

Masters degree in business, or equivalent accreditation.
Minimum 10 years of related experience with a Schedule I or II bank, in Canada, including dealing with regulators.
Minimum 5 years of management experience in a risk or compliance oversight function.
Excellent analytical skills and decision making
Strong knowledge of retail and corporate banking products and services.
Banking business line experience and/or operations management experience as asset.
Experience successfully interpreting ORM banking laws and regulations.
Strong understanding of ORM best practices, trends and issues.
Proven strong time management and project management skills, and ability to successfully manage timelines for projects and assignments.
Excellent leadership, communication (verbal and written), and interpersonal skills, including ease in dealing with all levels of staff within the Bank.
Ability to effectively deal with conflicting points of view and to create and responsive solutions.
Prior people management experience an asset.

Job Type: Full-time

Benefits:

Schedule:

Experience:

Work Location: In person

Bank of China(Canada)