Bank of China USA · 1 week ago
Operational Risk Management Department-Third Party Risk Management AVP/Associate
New York, NY
Full-time
Onsite
Mid, Senior Level
$42K/yr - $150K/yr
5+ years expBank of China USA is one of the largest banks in the world, providing a stable and reliable financial partner to clients globally. The role involves overseeing Third Party Risk Management, establishing frameworks, drafting policies, and conducting risk assessments.
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 is required
Minimum 5 years of work experience in financial service industry is required for AVP level
Minimum 5 years of work experience in risk management and minimum 2 years of third party risk management experience are required for AVP level
Minimum 1 year of work experience in third party risk management is required for Associate level
Knowledge of operational risk management and assessment, regulatory and compliance, general IT risk/IT operation as well as business lines and workflow in financial/banking industry is required
Preferred
An advanced degree is preferred
Certified Third Party Risk Professional or Certified Regulatory Vendor Program Manager is preferred but not required
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
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