Director Credit Risk Bank of America Hong Kong

Job Description
As part of the Global Risk Management team act as the custodian of company’s risk architecture, including risk strategy and governance, and its management within the prescribed policy limits; including designing and implementing structures, processes and methods used in financial and non financial risk management with an aim to develop practical and applicable solutions that are compatible with the corporate risk statement and principles.
The position will have primary responsibility for credit risk approvals and will be accountable for overall portfolio performance and asset quality.


· Responsible for identifying emerging risk within a global portfolio and integrating related risk strategies. Accountable for cross-Line of Business (LOB) risk execution.

· Responsible for independent control of the risk management processes.

· Assess and prioritize key risk issues and determine appropriate risk escalation. Responsible for timely communication and escalation of any significant existing and emerging credit to the FI APAC Risk Head.

· Oversee local Country and risk management governance structure.

· Manage a team of risk officers/analysts responsible for evaluating credit risk within the assigned portfolio.

Requirements



· Requires 12+ years of related experience. May have formal or informal management responsibility of a team.

· Must have superior communication and credit skills, line management and administrative experience

· Experience and ability to build working relationships with various business partners and interaction with various levels of management

· The position requires extensive knowledge and experience with credit portfolio, portfolio management and risk management. Responsible for determining strategy for managing and identifying risks for the portfolio.

· Deep understanding of the Global Banking & Markets product and knowledge of various loan and traded products documentation

· Strong English communication skills and Mandarin speaking skills

Pass it on for Referral Bonus. Not the right role for you, but know someone we should meet? Share with him to earn $1,000 referral bonus.

Director - FICC Compliance Specialist - Bank of America - Hong Kong

Job description
Responsibilities
Provide support to regulatory projects in relation to FICC business in the region
Provide Compliance Advice to the FICC Business in Hong Kong and other jurisdictions in the Region.
Draft and review policies and procedures
Provide advice on compliance policies and procedures
Participate in new product reviews · Review outsourcing arrangements

Continue Reading................

Vice President - Learning Manager - Compliance - Bank of America - Hong Kong

Job description


Supports development and maintenance of compliance learning programs

Consults with SMEs to understand learning needs and determine effective learning solutions that address knowledge requirements or gaps in the target audience for both compliance and regulatory training
Partners with instructional designers or external vendors to design, build, implement, assess, and maintain compliance learning programs
Has overall responsibility for tracking project milestones and ensuring that programs rollout according to plan Serves as the key connection point between the SMEs and the Centralized Capabilities team in the U.S. during the design, development and implementation phases
Provides strong regional voice in respect of compliance related initiatives and processes, whilst providing an integrated approach to key global stakeholders
Coaches, develops & motivates team member to expand skill and knowledge set
Leads the learning consultant to deliver all BAU compliance & audit needs
As a member of the APAC Learning team, contributes and drives the direction of the function by demonstrating a keen sense of collective ownership for the team success Upholds the Bank’s risk management framework by ensuring that relevant risks are identified, debated, escalated and managed as appropriate


Responsibilities
Critical Competencies:
BAC Leadership Competencies

Focuses on Customers & Clients
Influences with Impact
Acts with Courage & Conviction

BAC Standard Competencies

Contracts with Leaders/Business Partners
Demonstrates Global Business Perspective
Operates as a Trusted Partner
Values & Leverages Diversity

Functional Competencies

Manages Risk
Facilitates Integrated HR Solutions
Understands the Client’s Needs to Deliver HR Solutions
Develops Strong Talent Applies Critical Thinking

Desired Skills and Experience

Required Experience

Strong Consulting Experience- background in Human Resources, Learning & Development or Consultancy, experience with compliance & regulatory training will be an advantage
Project Management
People Management
Experience in managing multiple relationships with senior stakeholders in LOB/HR/Global

Please note that only candidates who are currently living, and eligible to work, in Hong Kong will be considered for this role

Enter your email address:

Refer This Job To Your Friends And Help Them To Find Jobs!

AVP - Treasury Funding Trader - Bank of America - Hong Kong

Job description
Global Funding is one of the key areas within Corporate Treasury. Global Funding employees interact daily with internal and external constituents including business lines, other Treasury functions such as Balance Sheet Management (BSM),Corporate Treasury Finance, Enterprise Capital Management (ECM) and Liquidity Risk Management (LRM), internal control partners, regulators, market participants and investors. The mission of Global Funding is to ensure Bank of America Corporation and all its subsidiaries are appropriately funded at all times. The team strives to utilize its global presence to provide efficient funding strategies across the enterprise in the most cost effective manner, while managing the risks associated with those strategies.
Key job responsibilities:
Funding execution
Monitor conditions affecting the funding environment and react appropriately
Participate in daily rate setting and funding trade execution / coordinate with global partners
Balance various factors when sourcing funding including stability, price and accessibility
Monitor opportunities to develop new funding sources as conditions change
Foreign exchange and derivative trade execution
Management of daily cash and collateral positions / communicate with global partners
Manage excess liquidity, meet statutory requirements and achieve maximum efficiency
Funding forecasting
Analyze forward balance sheet to develop detailed funding plan
Work with business partners to develop an understanding of futures business flows
Work closely with international peers to coordinate flows and promote efficiency
Follow up on forecast misses / understand reasons / minimize future variance
Liquidity risk management
Monitor daily liquidity risk metrics and elevate key risks
Produce and enhance routine liquidity reports
Balance sheet governance
Monitor changes in assets and liabilities and understand reasons for change
Ensure that a robust control environment is maintained through compliance with all policies, procedures and directives.
Other
Participate in technology enhancement projects
Perform extensive ad-hoc financial analysis related to funding risks and opportunities
Respond to spontaneous information/reporting requests
Where required, manage interaction with customers
Desired Skills and Experience
Job Requirements:
Undergraduate degree with quantitative focus / prefer finance, accounting or engineering major
Minimum two years treasury, finance or trading experience
Ability to work with minimal supervision and effectively prioritize tasks
Strong Excel skills are a must
Word and PowerPoint proficiency
Ability to communicate effectively across a broad range of constituents including seasoned teammates, upper management and disparate business partners.
Ability to build and maintain strong relationships across the enterprise. Conflict will be part of the job.
General understanding of markets, treasury products including money market and fx instruments, financial statements, liquidity and risk
Capable of high level business communication in English
Beneficial skills / traits:
An appropriate second language is valuable in nations where English is not the primary language
Creative problem solving skills and orientation
Highly motivated to learn, develop and cross train as markets and regulatory environment are dynamic.
A genuine interest in financial markets / a drive to “win”

Enter your email address:

Refer This Job To Your Friends And Help Them To Find Jobs!

VP - Investment Banking & Capital Markets Compliance - Bank of America - Hong Kong

Job description
• Establish and maintain effective working relations with all Asia regional capital markets and investment banking (“CM/IBK”) employees, including senior IBK management.
• Establish and maintain effective working relations with other CM/IBK risk partners (e.g., Legal and Business Selection and Conflicts).
• Provide day-to-day advice to CM/IBK employees based on regulatory and internal policies, including, but not limited to, visa letter sponsorships, HK independence sponsor checks and pitchbook guidance.
• Monitor regulatory changes that have implications on CM/IBK in the region and advising CM/IBK management accordingly.
• Assist in creating and implementing additional processes / policies to address regulatory changes and expectations.
• Review and monitor existing Compliance policies and ensuring they are consistent with global and local regulatory practices (including co-coordinating with respective country Compliance colleagues for local regulatory input).
• Monitor and handle situations/queries regarding CM/IBK employees’ outside business interests and investments.
• Provide guidance and analysis on new business initiatives within Asia.
• Conduct internal Compliance training to Asia regional CM/IBK employees.
• Conduct and assist with the development of new and/or update existing Monitoring & Testing items for the regional CM/IBK Compliance Program from a local and global perspective.
• Investigate regulatory issues and breaches, liaise with Legal and advise senior CM/IBK management with respect to such issues.
• Assist in managing regulatory enquiries and inspections.
• Manage regional CM/IBK internal audits from a Compliance perspective.
Desired Skills and Experience
A minimum of 5 years relevant Investment Banking & Capital Markets Compliance experience

Fluent English language ability, both oral and written
Must have the ability to represent compliance, enforcing a culture of compliance while considering the needs of the business
Motivated, energetic, detail-oriented, organized, articulate, willing to take responsibility, and comfortable speaking and responding to concerns and questions regarding each of the areas within their responsibility

Currently located, and eligible to work in, Hong Kong

Enter your email address:

Refer This Job To Your Friends And Help Them To Find Jobs!