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
We are currently seeking an Enterprise Risk Manager within the bank's second line of defense with specialized expertise in financial risk management. 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 financial risk management framework 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 market, liquidity and capital risk assessment to identify emerging risk and evaluate management's efforts to mitigate risk as well as evaluate management's attention to changing 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.
Responsibilities
- Perform comprehensive and independent risk analysis activities in addition to on-going credible challenge activities to support effective oversight of financial risk management.
- Monitor and track the trend of business units' and enterprise level key risk indicator (KRI) and Early Warning Indicator (EWI) information to produce 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 risk profile or risk appetite.
- Experience in assisting business units with new or undetected KRIs and EWIs and assist with defining the appropriate risk metrics.
- Review and analyze other internal and external reports for risk issues or benchmarking using the bank's risk framework.
- Utilize data to support synthesize and aggregate financial 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 financial risk management issues or credible challenges identified by ERM, other 2LoD partners, Internal Asset Review, Auditors or Examiners.
- Execute ad-hoc risk management projects as requested by management.
Qualifications
- Bachelor's degree in quantitative discipline such as mathematics, quantitative finance, data science, statistics, physics, economics, engineering or computer science.
- 4+ years of direct financial 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. Experience processing and analyzing big data is a plus and preferably proficient in data visualization techniques like Power BI.
- 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.
Compensation
The base pay range for this position is USD $100,000.00/Yr. - USD $160,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.