VP, Operational Risk Business Partner

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism.

Together we can make a difference in the financial future of our communities.

Apply today!

What our team members are saying:
Video Clip 1 Video Clip 2 Video Clip 3

The Operational Risk Business Partner (ORBP) is part of our Second Line of Defense (2

LOD) Operational Risk Management (ORM) function. ORBP will serve as a pivotal partner to front-line risk managers and business units in designing, executing, and maturing the bank’s Risk and Control Self-Assessment (RCSA) program. ORBP will provide expert challenge, guidance, and subject-matter expertise to ensure robust risk identification, assessment, monitoring, and reporting. ORBP will collaborate with second-line SMEs to translate risk insights into actionable improvements, contribute to the development of key risk indicators (KRIs), and drive risk culture and training across divisions.

This is an individual contributor role focused on delivering results through advice, governance, and expert guidance rather than direct team management.

• Lead and coordinate the annual end to end and ongoing RCSA process with front-line risk managers across business units.
• Provide independent oversight of operational risk management activities performed by the First Line of Defense.
• Provide strong, constructive challenge to ensure comprehensive risk and control identification, assessment, and documentation. Validate risk ratings, control effectiveness, residual risk levels, and action plans; ensure consistency with policy standards and escalation thresholds. Review and approve risk and control narratives, risk taxonomy alignment, and control owner accountability.
• Act as a trusted advisor to business unit risk champions and process owners, offering expert guidance on risk controls, control design, and risk acceptance criteria. Facilitate risk workshops, interviews, and scenario analysis to surface emerging risks and ensure timely remediation. Facilitate constructive dialogue between 1
  
  LOD and risk governance functions.
• Lead the development, validation, and enhancement of the bank’s Key Risk Indicators (KRIs) in partnership with owners and SMEs. Monitor KRI performance, perform trend analysis, and recommend risk-reduction actions or escalation when indicators breach thresholds. Integrate KRI results into governance forums and reporting to senior management and risk committees.
• Design and deliver risk training programs, workshops, and communications to enhance risk awareness and control practices across divisions. Develop practical guidance, playbooks, and toolkits to standardize risk assessment methodologies and control testing approaches.
• Collaborate with second-line SMEs (e.g., IT, cyber, information security, business continuity, model risk, compliance) to incorporate their assessments into the RCSA and KRIs. Translate SME findings into actionable risk actions, monitoring plans, and escalation paths.
• Support the development and maintenance of risk libraries, control dictionaries, and standard risk assessment criteria.
• Prepare and present risk and control status, themes, and remediation progress to risk committees, governance forums, and senior leadership.
• Maintain issue and remediation tracking, ensuring timely closure and evidence of control improvements by conducting validation of all remediation plans by 1
  
  LOD.
• Contribute to policy interpretation, standards, and procedures related to operational risk and RCSA practices.
• Maintain high-quality RCSA documentation, control catalogs, and risk registers in the risk management systems.
• Support New Product and services launch risk assessments.
• Perform data-driven analyses to identify patterns, gaps, and opportunities for risk…