Job Title

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.The incumbent is responsible for execution of audit coverage of Bank of China USA’s front line business units, independent risk management and corporate functions. This include but is not limited to retail banking, commercial/corporate lending, trade finance, treasury, payments and clearing, correspondent banking, commodities, and capital markets. In addition, the incumbent will be responsible for execution of audit coverage of all risk types including operational, credit, market, liquidity, model, interest rate and enterprise risks; and corporate functions such as Finance. The risk management coverage will be across retail, commercial and corporate business activities with a peer link to IT and BSA/AML/OFAC compliance. Preference will given to those with ability to manage audits covering capital markets, market risk, interest risk rate, model risk and credit risk analytics.Include but not limited to:Operations Audit Strategy & Plan Contribute to maintaining a “Strong” internal audit function consistent with regulatory expectationsPlan, design, execute, and supervise the audit coverage strategy of the risk management programContribute to the bank-wide audit risk assessments and serve as a challenge function on risk matters bank-wideDesign and ensure implementation of testing of the risk management program and associated controlsPerform assigned audits by executing approved audit programs and questionnairesPrepare and review auditor workpapers covering planning and fieldwork for sufficiencyInfluence the execution of other audits (business, compliance, operations, technology) with related risksEnsure the delivery of audit reports and Internal Audit feedback that is complete, insightful, timely, error free and conciseOversight of Management Action PlansEvaluate management action plans to ensure that they adequately address the audit issue raisedDirect and/or perform issue tracking and risk-based validation of issues specific to the risk management program and associated controlsFollow-up with accountable risk management leaders and their teams to ensure control issues are effectively resolvedUpdate the audit strategy and programDesign and ensure implementation of continuous monitoring of the risk management program and associated controlsCollect and analyze information in designated areas from regulators, Head Office and the branchesUpdate the audit programs, risk assessment and audit plans timelyImprove audit toolsetRecommend improvements in audit methodology and automationPartner with data analytics team to design and apply re-usable tools to automate full-population testing, sampling, reperformance processes, and exception testingBuild expert knowledgeDesign the auditor professional development plan specific to related skillsProvide coaching and on-the-job training to audit staffServe as the department subject matter expert on risk management and audit procedures to test these risksOtherAssist Team Lead on regulatory management and external auditor requirementsSupport other departmental initiativesBachelor’s degree in business, Finance, Accounting or related areas is required; master’s degree is preferred7 - 10 years of work experience including in a control, risk, or audit role, including risk management at a large banking organization and/or Big 4 accounting/consulting firms with a deep understanding of front line business related to corporate, commercial and retail banking. Strong understanding of risk management including market, credit and operational risks from a control and mitigation perspective. Strong knowledge of corporate functions such as Finance, HR, Legal etc. required for VP level; 5 - 7 years of work experience including in a control, risk, or audit role, including risk management at a large banking organization and/or Big 4 accounting/consulting firms with a deep understanding of front line business related to corporate, commercial and retail banking. Strong understanding of risk management including market, credit and operational risks from a control and mitigation perspective. Strong knowledge of corporate functions such as Finance, HR, Legal etc. required for AVP levelGood understanding of front-line business in regard to corporate, commercial and retail banking, knowledge of management functions such as Finance, HR, and Legal, and understanding of risk management covering market, credit and operational risks from a control and mitigation perspective are requiredLeadership experience in applying or evaluating the efficacy of control frameworks including U.S. bank regulatory standards, heightened expectations of the OCC, enhanced prudential standards of the Federal Reserve System among others is requiredCapability in overseeing and executing multiple deliverables preferably within a highly matrixed structure where planning, management and strong interpersonal skills are critical to success is requiredExperience in ensuring documentary sufficiency of analytical procedures to support audit standards and bank regulatory expectations is requiredExperience using computer assisted auditing tools or performing computer modeling to evaluate assertions is requiredSolid knowledge of risk applications and metrics for retail and commercial banking is requiredAbility to build rapport with internal stakeholders and examiners is requiredExcellent communication and interpersonal skills with ability to present complex and sensitive issues to senior management is requiredCapability and willingness to develop staff, including new hires, on technical skills is requiredAccounting/Audit/Information System certifications (e.g. CPA, CIA, FRM, CFA) or equivalent is a plus but not requiredUSD $65,000.00 - USD $230,000.00 /Yr.