First Line of Defense Risk Manager

4 weeks ago


San Francisco, California, United States East West Bank Full time
Job Summary

The First Line of Defense Risk Manager will play a critical role in ensuring the effective management of risks within East West Bank. This position will be responsible for implementing and managing the first line of defense risk management program, working closely with first line of defense testers and providing training to the testing team.

Key Responsibilities
  • Lead a team in performing first line testing of controls to evaluate the design and operating effectiveness of key controls.
  • Support the development of Risk and Controls Self-Assessment (RCSA) control testing frameworks and methodologies.
  • Quality assess RCSAs completed by First Line managers and make updates as needed.
  • Create and memorialize detailed control testing documentation and review commentary.
  • Manage and coordinate all risk activities to ensure material/key risks are identified, escalated, managed, tracked, and remediated timely.
  • Analyze, aggregate, and articulate the results/issues/recommendations related to control testing activities to business unit senior management.
  • 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 of a risk management team.
Requirements
  • Experience with risk and control identification, designing, planning, implementing, and testing RCSAs and effectively managing a testing/audit/RCSA program.
  • 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.
  • AML/BSA, Payment Fraud Cross-border Banking, and Digital Banking experience is a plus.
  • Effective verbal and written communication skills with strong influential skills.
  • Experience working in a dynamic environment to execute on an evolving first line of defense risk management program.
  • Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, practices, and expectations for regional/large bank.
What We Offer

The base pay range for this position is USD $120,000.00/Yr. - USD $165,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.



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