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Operational Risk and Control Manager
East West Bank Pasadena, CA
$107k-137k (estimate)
Full Time | Banking 3 Weeks Ago
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East West Bank is Hiring an Operational Risk and Control Manager Near Pasadena, CA

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.

Responsibilities

  • Identify weaknesses, gaps, and opportunities for process, organizational, and technology improvements focusing and the overall Risk and Controls agenda and communicate results effectively.
  • Develop, implement, oversee, and execute on Quality Control Program that focuses on key risks and evaluate the effectiveness of the mitigating controls.
  • Develop/Maintain Credit Card Quality Assurance & Vendor Monitoring Program while working closely with vendors.
  • Coordinate and support the Audit and Compliance agenda.
  • Collaborate with BSA/AML, Third Party Risk Management and ERM Risk Management
  • Recommend improvements to close control gaps and establish meaningful quality assurance plans with results monitored and reported to Management.
  • Review and Report Process Exceptions and Errors and provide standardized reporting to management.
  • Assist with maintaining and improving the control environment, Support RCSA Facilitation & Control, Coordinate Business Resiliency.
  • Improve Audit ratings, Execute Functional Process Reviews
  • Monitor risk through reviews of key incidences and root cause analysis.
  • Ensure consistent vetting and communication of process and control changes.
  • Work with Risk Management and Legal/Compliance to keep internal policies and procedures in compliance with Corporate policies and federal regulations.
  • Work with key stakeholders to evaluate and report on the adequacy and effectiveness of management controls and provide appropriate recommendations for improvement to mitigate inherent risk impact.
  • Ensure policy and governance alignment with subject matter experts.
  • Assist management with special project as assigned.

Qualifications

  • Bachelor's and Master's Degree.
  • 3-5 years’ experience in Banking/Financial Industry.
  • A developed understanding of risk concepts and industry-wide regulations including the Truth in Lending Act (TILA), Equal Credit Opportunity Act (ECOA), Fair Credit Reporting Act (FCRA), Service Members Civil Relief Act (SCRA), and Unfair, Deceptive or Abusive Acts Practices (UDAAP).
  • Ability to operate and manage comfortably and effectively in a fast-paced environment.
  • Strong competency in MS Office suite, PowerPoint
  • Provides quality assurance and controls over the metrics and reporting methodology and procedures.
  • Detail orient with good analytical and organizational skills.

Compensation

The base pay range for this position is USD $70,000.00/Yr. - USD $120,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

Job Summary

JOB TYPE

Full Time

INDUSTRY

Banking

SALARY

$107k-137k (estimate)

POST DATE

04/05/2024

EXPIRATION DATE

04/19/2024

WEBSITE

eastwestbank.com

HEADQUARTERS

ARCADIA, CA

SIZE

1,000 - 3,000

FOUNDED

1973

TYPE

Public

CEO

JENNIFER TRAN

REVENUE

$1B - $3B

INDUSTRY

Banking

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About East West Bank

East West Bank is a financial firm that provides deposits, loans, insurance planning and wealth management services for individuals and businesses

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