Vice President - Liquidity and Capital Risk Oversight
at Bank of China UK Skilled Worker EmployerRisk 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 a Vice President - Liquidity and Capital Risk Oversight (2LoD), you will be supporting the independent 2LoD oversight of credit and counterparty credit risk resulting from the Bank's on- and off-balance sheet in relation to business activities. You will also support the 2LoD oversight of the Bank's financial regulatory reporting activities. This is a full time permanent role. Key responsibilities
- Act as a 2LoD Subject Matter Expert (SME) for Liquidity and capital risk management across the Bank, providing independent review, ongoing monitoring and oversight of relevant quantitative modelling capabilities
- Provide independent review and challenge of key regulatory reports, including liquidity and capital reports, regulatory interpretations and first line of defence (1LoD) technical SME activities, ensuring completeness, consistency, quality and alignment with industry best practices
- Monitor and ensure completeness, consistency and quality of 1LoD technical SME review and challenge activities/outcomes, and independently verify relevant 1LoD risk assessments
- Guide and review 1LoD controls testing activities. Implement 2LoD controls testing programme to independently evaluate whether 1LoD business processes and embedded controls are effective for liquidity and capital risk management
- Provide guidance and challenge to 1LoD on the ownership, design and implementation of liquidity and capital risk policies, processes and controls, ensuring alignment with the Enterprise Risk Management Framework and clear roles, responsibilities and segregation of duties across 1LoD (ALM, FMD) and 2LoD
- Oversee stress testing, scenario analysis and sensitivity analysis, ensuring outputs are appropriately reflected in risk appetite, capital planning and liquidity management
- Review and challenge remediation plans for issues and support the effective remediation of regulatory feedback, audit findings and recommendations
- Drive continuous improvement across regulatory reporting, liquidity and capital risk frameworks, strengthening governance, controls, documentation standards and reporting processes
- Collaborate with Finance, Treasury, Compliance and Internal Audit, supporting relevant committees and promoting robust risk culture, capability development and clear second-line expectations across the Bank Requirements
- Degree educated in Finance, Business Management, Mathematics, Risk Management, Economics or relevant subjects
- Relevant professional qualification (e.g. CFA, FRM) is a plus
- Experience in liquidity and capital risk management and/or regulatory reporting within financial services, preferably Banking, including an understanding of relevant liquidity and prudential requirements
- Experience in either a 1LoD or 2LoD role, with an understanding of independent risk oversight, review and challenge
- Experience in ICAAP/ILAAP, including liquidity and capital stress testing, scenario analysis and assessment of the impact on the Bank's capital and liquidity adequacy
- Proven track record of engaging effectively with regulators (PRA, FCA) including participating in reviews, thematic audits and/or remediation programmes
- Understanding of UK regulatory reporting requirements (PRA/FCA)
- Excellent communication skills
- Demonstrated ability to constructively challenge and influence stakeholders at all levels, including senior leadership
- Attention to detail
- Team player
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