East West Bank | ERM Risk Manager
3 days ago
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Asia, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates’ potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
Overview
The Second Line of Defense Risk Manager will work within the Bank's Enterprise Risk Management function and will be responsible for credible challenge and testing of the first line of defense's Risk and Control Self-Assessments (RCSA), programs, and functions to ensure inherent risks are adequately identified, the related control(s) are properly designed and mitigates the inherent risk, and such controls
have been implemented, tested, and memorized in policies, procedures, desktop procedures. The Manager will be responsible for developing ERM challenge and testing requirements and working with first line of defense risk managers, risk liaisons, or line management in providing training, communicate
expectations, and challenge the first line of defense control programs and RCSAs.
This role will require an individual with knowledge of RCSAs, Sarbanes Oxley (SOX), or other risk and control governance frameworks to readily assess inherent risk, ascertain properly designed controls, and conduct corroborative inquiry and detailed testing to ensure that the controls are effective.
This role will require working and communicating with individuals throughout the institution regarding risk analysis, project management, collaborating with business units in developing risk management and governance frameworks. This role will also regularly act as a consultative resource to the first and second
line of defense, put together risk presentations or informational reports for business unit leaders, executive management and the Board of Directors, and interpret and contribute to entity-wide policies related to risk management and risk governance.
As an East West Bank employee, you will be part of a stable but growing organization that provides career path development opportunities within the department or across the Bank.
Responsibilities
- Responsible for leading creditable challenge of first line of defense control programs in evaluating the design and operating effectiveness of the first line's key controls and the appropriateness of the risk rating of these key controls.
- Responsible for establishing a challenge and testing framework and to maintain clear documentation of the scope, selection process, testing, and conclusions reached.
- Supervise ERM testing engagements from inception to completion, including planning, testing, issues management, and review.
- Monitor remediation efforts until resolution.
- Support the quality assessments of RCSAs completed by first line managers and recommend changes as appropriate.
- Create and memorialize detailed control testing templates, workpapers, and review commentaries.
- Manage and coordinate all risk activities to ensure material/key risks are appropriately identified, managed, escalated, tracked, and remediated timely.
- Analyze, aggregate, and articulate the results/issues/recommendations related to control testing activities.
- Assist with the validation and closure of control issues as identified through testing results.
- Provide day-to-day management, oversight, and longer-term development planning for risk management staff.
- Prepare ad-hoc risk management reports as assigned.
- Perform comprehensive and well-thought-out quantitative analyses and justify ERM's conclusion in a logical manner.
- Keep up to date with industry best practice and new regulations.
- Perform other duties and special projects as assigned.
- More than 10 years of work experience in risk management, Sarbanes Oxley, Internal Audit or External Audit (focusing on risk management, compliance, regulations), risk management consulting, or process improvement.
- Strong knowledge with risk and control identification, designing, planning, implementing, and testing.
- Experience in effectively managing a testing or quality assurance program.
- Ability to project manage and hold self and responsible parties accountable to assigned deadlines.
- Ability to make sound risk/reward decisions and propose practical solutions.
- Ability to consciously balance data, logic and intuition in all activities.
- Ability to think broadly, generate simple and creative ideas, and to translate strategy to execution.
- Effective verbal, written, and presentation skills with ability to influence desired outcomes.
- Ability to work within a dynamic collaborative environment in building new programs.
- Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, practices, and expectations for regional/large bank.
- Proven proactive approach to problem solving and workflow analysis be able to identify and implement process improvements.
- Collaborative team player with demonstrated ability to be flexible and entertain all possible options.
- Strong organizational skills, with the ability to effectively manage multiple deliverables and shift among various tasks and projects.
- Self-motivated and able to work effectively both independently and as a team
- A strong working knowledge of MS Office Software Suite (Word, Excel, Access, PPT, Visio)
- Knowledge and understanding of federal and state laws applicable to commercial banks.
- Experience with development of Key Risk Indicators is a plus.
- Strong knowledge of banking operations, products, and services; experience with risks and controls/control gap identification related to Loan Operations, Commercial Lending and Banking,
- Bank Support and Corporate functions (such as Marketing, HR, Accounting, FP&A etc.), AML/BSA,
- Payment Fraud Cross-border Banking, and Digital Banking is a big plus.
- Professional/Industry Accredited Risk Management certification (e.g., CIA, PRM, CRMP, etc.) is a big plus.
The base pay range for this position is USD $110,000.00/Yr. - USD $160,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.
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