SVP, Risk Control & Compliance Affairs

Job Description

One multinational bank Shanghai Branch is looking for one Risk Control & Compliance Affairs, covering 1st LoD risk control and regulatory risk management.

Responsibilities:

Regulatory Risk

• Partner Compliance 2LoD to pro-actively manage our regulatory risks, ensuring effective controls are in place to meet regulatory requirements, as well as enabling the business grow in a controlled manner.
• Coordinate with Compliance 2LoD regarding the local Regulatory and Compliance risk assessments including control effectiveness assessment

Operational Control and Quality Assurance

• Work closely with 1st line control functions (i.e. Operations) to conduct the quality assurance, thematic review and control testing
• Ensure the control adherence to local Regulatory Operational risk framework
• Coordinate the control design and procedure implementation for New Products
• Manage operational risk topics with the respective Business Units and Support functions, including Ops risk event reporting, Key Risk Indicator (KRI) review and process gap remediation
• Coordinate with Non-Financial Risk 2LoD on the CBIRC Operational Risk Framework review and conduct Risk Control Self-Assessment (RCSA) exercise

Third Party Risk Management

• Coordinate with Service Managers on vendor selection, assessment and certification processes in accordance with the Bank's requirements
• Maintain up-to-date information on service inventory, and implement the necessary controls required throughout the Procure-to-Pay cycle
• Assist with the ongoing monitoring of services levels and periodic reviews of vendor KPI/KRI
• Coordinate the local outsourcing filing when required

Governance and Audit engagement

• Ensure the adherence to the Group's Branch Governance Model and Local Regulatory Requirements
• Coordinate Internal & External Audit reviews, and regulator inspection for 1LoD, and follow-up on audit recommendations when required