Introduction:
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.
Overview:
The position will conduct varies of credit risk management duties, focusing on the credit portfolio analysis and risk reporting.
Responsibilities:
Include but are not limited to:
Allowance for Credit Losses Management
- Lead the estimation process for credit loss allowances, ensuring accuracy and adherence to accounting standards (e.g., CECL, IFRS 9)
- Prepare and review internal reports and presentations related to credit losses for senior management and regulatory bodies
- Collaborate with model team and data team to refine methodologies and improve predictive analytics
- Establish and maintain policies and procedures for credit loss estimation and reporting
- Ensure compliance with regulatory requirements and internal controls related to ACL
- Work closely with credit officers, finance, and accounting teams to ensure alignment on credit loss estimation processes and assumptions
Credit Risk Monitoring and Reporting
- Monitor the Bank’s credit risk profile, including but not limited to asset quality, change of portfolio composition, concentration, rating migration and changes of loan provisions; work with CRM’s internal team to ensure correct calculation and reporting of credit risk metrics
- Monitor and prepare report regarding adherence or breach to risk metrics; Maintain liaison with Head Office for effective communication and responsible for channeling loans that require HO approval
- Prepare credit risk reports to committees on monthly basis to Credit Risk Committee, to Risk Management and Internal Control Committee and the Board meeting quarterly
- Prepare portfolio report and analysis including but not limited to Key Risk Indicators, exposure, credit rating, concentration and exception management
- Provide periodic report to Head Office, including but not limited to asset quality report, credit risk report, credit counterparty risk report, major event report etc.
Credit Risk Policies and Procedures
- Enhance existing credit policies and procedures in line with industry practice, regulatory guidance and guidance from Head Office
Regulatory and Audit Liaison
- Assist in the Bank’s communication with regulators and/or auditors regarding credit related issues
- Coordinate internal/external audit or regulatory examinations, assist the Bank to prepare and respond to requests and questions
- Manage remediation process, including proposing action plans and track remediation progress
Risk Committee Secretary
- Propose meeting agenda
- Prepare and compile meeting materials
- Prepare meeting minutes
Qualifications:
- Bachelor’s degree is required, preferably in Finance/Economics/Accounting major; MBA preferred
- 4 years of Credit Risk Management experience required
Experiences in any of two areas: accounting/CECL/IFRS9, financial data/call report, management level credit risk reporting, programming or policy writing are required
CECL and accounting knowledge is required
- CPA/CFA/FRM is preferred
- Demonstrate knowledge in accounting
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
:
USD $65,000.00 - USD $150,000.00 /Yr.