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East West Bank · 2 weeks ago

First Line of Defense Risk Manager

California, United States

Full-time

Onsite

Mid, Senior Level

$110K/yr - $165K/yr

East West Bank is a premier financial institution that bridges the East and West, providing guidance to businesses and communities. The First Line of Defense Risk Manager will implement and manage the risk management program, leading a team to evaluate control effectiveness and support risk assessments.

BankingFinanceFinancial Services

Comp. & Benefits

No H1B

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

May perform other duties as assigned

Qualification

RiskControl identificationTesting RCSAsBanking operations knowledgeKey Risk Indicators developmentRegulatory compliance knowledgeMS Office proficiencyRisk Management certificationEffective communication skillsOrganizational skillsPresentation skills

Required

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 skills

Experience 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 bank

Must 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