First Line of Defense Risk Manager

Introduction: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:The First Line of Defense Risk Manager will work within the Bank’s first line of defense risk management function and will be responsible for implementing and managing the first line of defense risk management program. The Manager will be responsible for working with first line of defense testers and providing training to the first line testing team to conduct consistent and effective testing of control design and effectiveness, reporting, and tracking of results and remediation plans.This role will require an individual with knowledge of the Bank’s policies, guidelines, and practices with a strong focus on executing and implementing a sound first line testing and risk management program.Responsibilities:Responsible for leading a new team to perform first line testing of controls to evaluate the design and operating effectiveness of the first line’s key controls.Support the development of Risk and Controls Self-Assessment (RCSA) control testing frameworks and methodologies.Support the quality assessments of RCSAs completed by First Line managers and making 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.Qualifications: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 (such as Marketing, HR, Accounting, FP&A etc.). AML/BSA, Payment Fraud Cross-border Banking, and Digital Banking is a big plus.Experience with development of Key Risk Indicators for the First Line level is a plus.Effective verbal and written communication skills with strong influential skillsExperience working withing a dynamic environment to execute on an evolving first line of defense risk management program, including the identification, communication, reporting, escalation, and validation of RCSA test results and remediation efforts.Knowledge of applicable regulatory and legal compliance obligations, rules and regulations, industry standards, practices, and expectations for regional/large bankMust have excellent written, verbal, organizational, and presentation skills.A strong working knowledge of MS Office Software Suite (Word, Excel, Access, PPT, Visio)Knowledge of and understanding of federal and state laws applicable to EWB.Professional/ Industry Accredited Risk Management certification (e.g., CIA, PRM, CRMP) is a big plus.Compensation:The base pay range for this position is USD $(phone number removed)/Yr. - USD $(phone number removed)/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.