Enterprise Risk Management - Risk Data Aggregation and Risk Reporting (RDA) Associate

Bank of China

Jun 12

Applications are closed

Job
Full-time
Junior Level
Data
Banking & Finance
$42K - $90K
New York

Requirements

A Bachelor’s Degree is required; Master’s degree in Financial Engineering, Computer Science, Business Analysis, Statistics, Finance, Economics, and related majors are preferred
At least 1 year of data analysis, business analysis and reporting experience preferred; at least 1 year of system development/project management related work experience preferred; at least 1 year of financial and banking industry, preferably in risk management, preferred
Coding and programming skills, such as SQL, Python, Java, R, etc, required
Data analysis skills to work with large scale of dataset and systems required
Demonstrate solid understanding of database and information systems related knowledge, such as SQL server database, data warehousing concepts, etc
Demonstrate knowledge regarding financial industry and products, and risk management related general knowledge
CBAP, FRM, PMP or CFA certification preferred

Responsibilities

Data/Business Analysis and Reporting Automation:
Perform data analysis of the databases and systems at the bank to facilitate with implementation of relevant projects and identification of data issues and gaps
Automate reporting processes and/or reports via various appropriate technology to improve reporting efficiency
Understand and maintain the data mapping and data model of the centralized risk data repository
Communicate with stakeholders from Front Line Units and Internal Risk Management to understand their data needs
Facilitate with business requirements gathering and analysis for RDA data mart enhancements
Document the business requirements and specifications for the system implementation
Perform user testing of the system implementation and communicate with IT function on the identified issues
Create user reports and conduct data analysis per user requirements by querying against the databases
RDA Program Management:
Facilitate with the RDA Working Group (WG) activities
Assist with gap analysis and self-evaluations against the RDA regulatory requirements
Contribute to the coordination and monitoring of implementation of the RDA compliance actions
Facilitate with coordination in responses to RDA requests from the Head Office and/or regulators

FAQs

What are the main responsibilities of the Enterprise Risk Management - Risk Data Aggregation and Risk Reporting (RDA) Associate role?

The main responsibilities include performing data analysis, business requirements analysis, automating reporting processes and reports, and facilitating coordination in responses to requests from senior management or regulators.

What is the focus of the RDA program at the bank?

The RDA program at the bank focuses on Risk Data Aggregation and Risk Reporting, ensuring effective and efficient support for projects and initiatives in this area.

What skills are required for this role?

Skills required for this role include data analysis, business analysis, reporting automation, and strong communication and coordination abilities.

How does this role support the ERM-RDA team lead?

This role supports the ERM-RDA team lead through data and business analysis efforts, assisting in meeting requirements set by senior management and regulators for the RDA program.

What is the goal of responding to RDA requests from the Head Office and regulators?

The goal of responding to RDA requests is to ensure accurate and timely information is provided to senior management and regulators, meeting compliance and reporting requirements.

Bank of China

Finance

Industry

10,001+

Employees

1912

Founded Year

Mission & Purpose

Bank of China, include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions, providing a comprehensive range of high-quality financial services to individual and corporate customers as well as financial institutions worldwide. Over the past century, Bank of China played an important role in China’s financial history. It was established in 1912 pursuant to the approval of DR. Sun Yat-sen. In the following 37 years the Bank served as the central bank, international exchange bank and specialized foreign trade bank successively. In 1949, Bank of China became the state-designated specialized foreign exchange bank. In 2003, it was named by the State Council as one of the pilot banks for joint-stock reform of wholly state-owned commercial banks. On August 26, 2004, Bank of China Limited was formally incorporated in Beijing as a state-controlled joint stock commercial bank. Bank of China is the most internationalized commercial bank in China. BOC London Branch, the first overseas branch of the Chinese banks, was established in 1929. Currently, it had over 10000 domestic operations and over 600 overseas operations. In 1994 and 1995, Bank of China became the note issuing bank in Hong Kong and Macao respectively. The Bank prepared a new strategic development plan which was approved by the Board of Directors in March 2009. Strategic Positioning: To be a large multinational banking group based on a diversified and integrated cross-border business platform, with a core business of commercial banking. Strategic Goals: To be a leading international bank delivering growth and excellence.