Job Abstract

Job ID

2024-11056

Category

Audit/Risk Management

Position Type

Full-Time

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.

We are currently seeking a Senior Enterprise Risk Management Manager. Successful candidate will participate in cross-functional team-focused areas (such as legal risk, reputational risk, compliance risk, regulatory risk, etc.) for process improvement, assessment of control design, ongoing risk monitoring, oversight, credible challenge, and reporting. In addition to general ERM responsibilities, this role may serve as a consultant to help further develop additional general entity-wide risk management processes, assist in facilitating the implementation and monitoring of these processes, and lead ad hoc special projects and ERM initiatives (such as process improvement, streamline controls, risk consultation, etc.). ?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 presentation or informational reports for business unit leaders, executive management and the Board of Directors, and interpret and create 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.

• Participating as an integral team member or project manager on new risk-related initiatives of the Bank
• Performing risk assessments on significant business processes, as well as assisting business units in performing self-assessments and self-testing
• Be embedded within first- or second-line functions to help develop and build out new risk management and control infrastructure
• Conducting quantitative analysis and data manipulation in the managing and monitoring of risk
• Working with business lines and support teams?on developing action plans to remediate any heightened risk resulting from risk assessments and identify opportunities to improve internal controls; and assist in developing policies and control processes for managing such risk?exposures
• Creating entity-wide and department specific policies and procedures as new risk regulations are promulgated or as the business environment changes
• Writing memoranda to ensure the Bank complies with new regulations or justification for the acceptance of risk
• Compiling and monitoring key risk indicators, assessing the need for new indicators depending on the change in the entity’s business or processes
• Preparing presentations for various executive management or Board of Directors’ risk committees
• Preparing ad-hoc risk management reports as assigned
• Performing comprehensive and well-thought-out quantitative analyses and justifying the results and ERM’s conclusion in a logical manner
• Keeping up to date with the industry best practice and new regulations
• Perform other duties and special projects as assigned.

• More than 10 years of work experience in risk management, Internal Audit or External Audit (focusing on risk management, compliance, regulations), risk management consulting, or process improvement
• A strong understanding of finance/ accounting/business operations, either through educational degree or work experience
• A strong working knowledge of MS Office Software Suite (Word, Excel, Access, PPT)
• 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
• Must have excellent written, verbal, organizational and presentation skills
• Proven, proactive approach to problem solving and workflow analysis
• Collaborative team player and demonstrated ability to be flexible and easily shift among various tasks and projects
• Strong organizational skills, with the ability to effectively manage multiple deliverables and be able to identify and implement process improvements.
• Self-motivated and able to work effectively both independently and as a team
• Knowledge of regulatory, compliance, legal risks a plus.