Job Description

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 Second Line of Defense Risk Validator will work within the Bank's Enterprise Risk Management
function and will be responsible for credible challenge and testing of the first line of defense's Risk and
Control Self-Assessments (RCSA), programs, and functions to ensure inherent risks are adequately
identified, the related control(s) are properly designed and mitigates the inherent risk, and such controls
have been implemented, tested, and memorized in policies, procedures, desktop procedures. The
Validator will be responsible for representing ERM in challenging and testing and working with first line of
defense risk managers, risk liaisons, or line management in providing training, communicate expectations,
and challenge the first line of defense control programs and RCSAs.

This role will require an individual with knowledge of RCSAs, Sarbanes Oxley (SOX), or other risk and
control governance frameworks to readily assess inherent risk, ascertain properly designed controls, and
conduct corroborative inquiry and detailed testing to ensure that the controls are effective.
This role will require working and communicating with individuals throughout the institution regarding risk
analysis, project management, collaborating with business units in developing risk management and
governance frameworks. This role will also regularly act as a consultative resource to the first and second
line of defense, assist in putting together risk presentations or informational reports for business unit
leaders, executive management and the Board of Directors, and interpret and contribute to entity-wide
policies related to risk management and risk governance.
As an East West Bank employee, you will be part of a stable but growing organization that provides career
path development opportunities within the department or across the Bank.

Responsibilities:

• Responsible for creditable challenge of first line of defense control programs in evaluating the
  design and operating effectiveness of the first line's key controls and the appropriateness of the
  risk rating of these key controls.
• Responsible for testing of RCSAs, control programs, and functions and to maintain clear
  documentation of the scope, selection process, testing, and conclusions reached.
• Monitor remediation efforts until resolution.
• Support the quality assessments of RCSAs completed by first line managers and recommend
  changes as appropriate.
• Help create and memorialize detailed control testing templates, workpapers, and review
  commentaries.
• Help manage and coordinate all risk activities to ensure material/key risks are appropriately
  identified, managed, escalated, tracked, and remediated timely.
• Help analyze, aggregate, and articulate the results/issues/recommendations related to control
  testing activities.
• Assist with the validation and closure of control issues as identified through testing results.
• Help prepare ad-hoc risk management reports as assigned.
• Help in the performance of comprehensive and well-thought-out quantitative analyses and justify
• ERM's conclusion in a logical manner.
• Keep up to date with industry best practice and new regulations.
• Perform other duties and special projects as assigned.

Qualifications:

• More than 5 years of work experience in risk management, Sarbanes Oxley, Internal Audit or
• External Audit (focusing on risk management, compliance, regulations), risk management
  consulting, or process improvement.
• Knowledge with risk and control identification, designing, planning, implementing, and testing.
• Experience in conducting testing or testing for quality assurance.
• Ability to project manage and hold self and responsible parties accountable to assigned deadlines.
• Ability to make sound risk/reward decisions and propose practical solutions.
• Ability to consciously balance data, logic and intuition in all activities.
• Have effective verbal, written, and presentation skills with ability to influence desired outcomes.
• Ability to work within a dynamic collaborative environment in building new programs.
• Proven proactive approach to problem solving and workflow analysis be able to identify and
  implement process improvements.
• Collaborative team player with demonstrated ability to be flexible and entertain all possible
  options.
• Strong organizational skills, with the ability to effectively manage multiple deliverables and shift
  among various tasks and projects.
• Self-motivated and able to work effectively both independently and as a team
• A strong working knowledge of MS Office Software Suite (Word, Excel, Access, PPT, Visio)
• 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.
• Professional/Industry Accredited Risk Management certification (e.g., CIA, PRM, CRMP, etc.) is a
  big plus.

Compensation:
The base pay range for this position is USD $80,000.00/Yr. - USD $95,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location. East West Bank

Job Tags

Work experience placement, Flexible hours, Shift work,

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