Bank of China USA · 2 days ago
Queens Branch - FLU Risk Manager Associate
Queens, NY
Full-time
Onsite
Entry, Mid Level
$42K/yr - $90K/yr
1+ years expBank of China USA is one of the largest banks in the world, providing a stable and reliable financial partner to clients. The FLU Risk Manager Associate is responsible for executing risk management processes, conducting risk assessments, and ensuring adherence to risk management policies within the department.
Banking
Responsibilities
Implement, or coordinate with relevant FLU teams on the implementation of the RGF and risk management policies and procedures within FLU as well as enforcing relevant controls (e. g. Clean Desk check)
Create and maintain FLU procedures pertaining to FLU Risk Managers’ responsibilities
Provide inputs/feedback to IRM risk management policies and procedures
Monitor FLU adherence to IRM standards and requirements
Propose addition, modification and removal of KRIs and thresholds during annual review and off-cycle adjustment and facilitate the approval process
Monitor, maintain and report KRIs owned by FLU according to the governance requirements in the KRI Procedure
Identify and escalate KRI warning line and limit breaches according to the KRI Procedure
Produce FLU risk reporting for applicable risk areas, and report to Senior Management, IRM and risk committees as appropriate
Identify existing and emerging risks potentially impacting the FLUs if any
Identify incidents and issues and report to respective IRM
Remediate issue or monitor issue remediation according to action plan, validate issue closure documentation for FLU owned business identified issues
Conduct risk assessments pertaining to the respective risk areas (e.g. ERA, RCSA)
Maintain a control inventory, process mapping and other documentations as applicable
Develop control testing plan
Conduct control testing, report results, monitor control issue remediation as applicable and validate issue closure documentation
Attend risk management related training
Identify risk management training needs for FLUs
Review the application security requirements, and conduct security control testing on processes, systems, and applications as applicable
Assist ORD in conducting security monitoring investigation as needed
Coordinate risk management related requests from internal/external audit, Head Office and regulators within FLU
Conduct and consolidate monthly business performance report for the Branch
Conduct research reports, business inquiries and other requests involving the Branch and submit to internal departments, domestic branches or Head Office upon request
Perform ad hoc assignment and reporting upon request
Assists to communicate with related department in creating marketing and advertisement material when needed
Assist in human resource duties involving the Branch including but not limited to employee hiring process, updating staff analysis
Qualification
Required
Bachelor's degree in Business Administration, Finance, or Economics required
Minimum 1 years of Banking experience required for Associate level; Minimum 4 years of Banking experience required for AVP level
Minimum 1 years of Risk Management, Compliance, Internal Control experience required for Associate level; Minimum 2 years of Risk Management, Compliance, Internal Control experience required for AVP level
Demonstrate knowledge in risk management processes and principles, regulatory and compliance, BSA/AML/OFAC, financial/Banking Industry, business line and process flow, due diligence process and audit knowledge
Preferred
Master's degree preferred
Company
Bank of China USA
Bank of China (BOC) is one of the largest banks in the world, with more than $3 trillion in assets and a footprint that spans over 60 countries and regions.
501-1000 employees
H1B Sponsorship
Bank of China USA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (57)
2024 (46)
2023 (52)
2022 (67)
2021 (36)
2020 (69)
Funding
Current Stage
Late StageLeadership Team
Peter J Reisman
Managing Director, Chief Communications Officer
Company data provided by crunchbase