Bank of China USA · 1 day ago
Operational Risk Management Department-Third Party Risk Management Associate/AVP
New York, NY
Full-time
Onsite
Entry Level
$42K/yr - $150K/yr
1+ years expBank of China USA is one of the largest banks in the world, providing a stable and reliable financial partner for clients. They are seeking an Associate/AVP for their Operational Risk Management Department to oversee and enhance the Third Party Risk Management framework, conduct risk assessments, and ensure compliance with policies and standards.
Banking
Responsibilities
Establish and enhance the Third Party Risk Framework, ensure it consists of appropriate components to effectively manage third party risks
Update third party risk management policies and procedures
Develop and execute a third party risk annual work plan to review and challenge risk identification, assessment, control evaluation and testing activities
Utilize a consistent risk rating methodology for controls that aligns with the Operational Risk Framework
Conduct periodic risk assessment of third party risks
Assess, monitor and track third party risk management lifecycle activities as second line of defense
Provide third party risk management guidance to First Line Units (“FLUs”)
Ensure the completeness of the central documentations of the bank wide third party population
Prepare aggregated third party risk report
Keep abreast of current industry tools, trends, and regulatory requirements
Work with other SMEs under the third party risk management framework to ensure the third party risk management activities are efficient
Ensure third party risk management system is implemented and all updates are installed timely
Provide timely training of system upgrades or updates to all system users
Assist with new product management risk assessment process
Assist with RACA quarterly review in the expertise of third party risk management
Complete required BSA/AML, and other compliance trainings as provided
Beware of BSA/AML issues, provide risk warnings to First Line Units and internal risk management departments when noticed
Qualification
Required
Bachelor's degree
Minimum 5 years of work experience in financial service industry for AVP level
Minimum 1 year of work experience in financial service industry for Associate level
Minimum 5 years of work experience in risk management for AVP level
Minimum 2 years of third party risk management experience for AVP level
Knowledge of operational risk management and assessment
Knowledge of regulatory and compliance
Knowledge of general IT risk/IT operation
Knowledge of business lines and workflow in financial/banking industry
Preferred
Advanced degree
Certified Third Party Risk Professional
Certified Regulatory Vendor Program Manager
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
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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
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