Job Abstract

Job ID

2024-11057

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.) and will interact with every business unit of the bank to manage and monitor the ERM Issues Management policy and framework. In addition, the role will also be responsible for consulting on process improvements, assessing design of controls, and performing ongoing risk monitoring, oversight, credible challenge, and reporting. Furthermore, as a second line of defense function with general ERM responsibilities, this role may also 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. This role will require working and communicating with individuals throughout the institution on control deficiencies, reviewing risk mitigation plans, holding responsible parties to promised due dates, ensuring timely escalation and reporting to business unit leaders, executive management, and the Board of Directors.

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.

• Ensuring the integrity of the issues management process
• Holding responsible parties accountable for issues remediation based on promised due date(s)
• Escalating issues that are delayed, extended, revised, or past due
• Working with regulators, External Auditors, Internal Auditors, and all lines of defense related to control deficiencies
• Performing trend analysis to identify themes where the bank may need to enhance controls
• Participating as an integral team member or project manager on new risk initiatives

Performing risk assessments on significant business processes, as well as assisting business units in performing self-assessments and self-testing

• 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
• Preparing presentations for various executive management or Board of Directors’ risk committees
• Preparing ad-hoc risk management reports as assigned
• 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.