Job Abstract

Job ID

2024-11144

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 an Enterprise Risk Manager within the bank’s second line of defense with specialized expertise credit risk. This role will be responsible for providing expert guidance, credible challenge, and effective oversight of respective risk to first line partners and their activities where warranted. The position is within the Enterprise Risk Management function and the role will be responsible for assisting in the development and implementation of the bank’s credit risk management framework from both lending and non-lending activities top opine upon the effectiveness of first and second lines of defenses’ credit risk management practices for risk identification in fulfillment of regulatory expectations for safety and soundness. This role will be responsible for designing and conducting effective independent credit risk assessment to identify emerging risk and evaluate management’s efforts to mitigate risk as well as evaluate management’s attention to changing credit environments. The position will evaluate risk management controls/processes and assisting where necessary in helping the first line in facilitating the implementation and monitoring of such processes and/or controls. This role will require communicating with individuals throughout the institution regarding risk practices and emerging risks in various business units. This role may also act as a consultative resource to the first and second lines of defense and involve developing risk presentations or informational reports for business unit leaders, executive management, and the Board of Directors. Duties may include helping to create entity-wide programs related to risk management and risk governance.

• Perform comprehensive and independent risk analysis activities in addition to on-going credible challenge activities to support credit risk.
• Opine on the adequacy of underwriting required criteria, including policies and procedures and effectiveness of the credit and portfolio management process and sufficiency of controls in place to mitigate credit risk.
• Review business units’ and enterprise level key risk indicator (KRI) and Key Performance indicator (KPI) information to produce and opine on periodic risk monitoring reports for various senior management and Board committees, such as the Risk Oversight Committee
• Monitor Board key risk indicators, assessing the need for new indicators depending on the change in the entity’s business or processes.
• Experience in assisting business units with new or undetected KRIs and key performance indicators (KPIs) and assist with defining the appropriate risk metrics.
• Review and analyze other internal and external reports for risk issues using the bank's risk framework.
• Utilize data to support synthesize and aggregate credit risk data and manage reporting systems using database access to facilitate more complete and timely risk monitoring and reporting while identifying any system enhancements.
• Follow for resolution of credit issues identified by Internal Asset Review, Auditors or Examiners
• Execute ad-hoc risk management projects as requested by management.

• Bachelor’s degree in related field or 4 additional years of related experience beyond the minimum required may be substituted in lieu of degree.
• 8+ years of direct credit risk experience or, related experience working for regulatory agencies or in other financial services, public accounting, or other related areas.
• Demonstrated critical thinking and proven knowledge of data analysis tools and techniques with ability to be flexible and effectively manage various projects and competing priorities.
• Strong analytical, problem-solving, and decision-making skills with high attention to detail and accuracy
• Ability to think broadly, generate simple and creative ideas, and to translate strategy to execution.
• Collaborative team player and relationship builder with excellent communication skills
• 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.
• Must have excellent written, verbal, organizational, and presentation skills.
• Strong organizational skills, with the ability to effectively manage multiple deliverables and be able to identify and implement process improvements.
• A strong working knowledge of MS Office Software Suite (Word, Excel, Access, PPT)
• Knowledge of and understanding of all federal and state laws applicable to the EWB.
• Willingness to expand knowledge and skillset to contribute to ERM department.