VP, Risk Appetite & Reporting Manager

VP, Risk Appetite & Reporting Manager (Finance)

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 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.

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The VP, Risk Appetite & Reporting Manager will be part of Cathay Bank's Enterprise Risk Management (ERM) team in the Second Line of Defense. This critical role will lead the design, execution, and continuous enhancement of the Bank's risk appetite program and enterprise-level risk reporting. The Risk Appetite & Reporting Manager will be responsible for the execution and support of specific elements and ongoing refinement of the Bank's ERM function, including the management and reporting of risk appetite metrics at the board and management levels, development and execution of the Bank's Risk Identification program to identify and manage the Bank's top and emerging risks, and risk reporting across risk disciplines.

To support this role, and in alignment with the Bank's Risk Management Framework, the Risk Appetite & Reporting Manager develops and implements the policies and procedures required to support effective risk management programs.

The incumbent manages a team.

• Responsible for executing risk appetite across the Bank, guiding risk appetite metric (RAM) and key risk indicator (KRI) development, implementation, and reporting.
• Establish and maintain processes for risk appetite monitoring and escalation, leveraging appropriate systems and tools.
• Develop, manage, and enhance relevant policies and procedures in alignment with the Bank's Risk Management Framework and risk appetite statement.
• Own and enhance enterprise-level risk reporting to risk committees and develop and maintain board-level reports, analytics, and trends.
• Design comprehensive risk dashboards, heatmaps, and narrative analyses that provide actionable insights and reflect the Bank's risk profile.
• Ensure reporting is forward‑looking, risk‑based, and connected to risk profile, strategic objectives, and risk appetite metrics.
• Lead efforts to enhance automation and data quality in risk reporting through collaboration with the ERM GRC Integration team.
• Maintain risk appetite and reporting that reflect regulatory guidance and industry best practices.
• Provide meaningful advice and solutions to the business on how to effectively operationalize risk appetite.
• Develop and enhance the Bank‑wide risk identification program and effectively integrate the output into actionable decisions.
• Interface with functional and department leaders, providing clear direction on Bank-wide risk assessment processes, including risk .
• Communicate across all levels of the organization and produce comprehensive executive‑level risk reports.
• Develop and lead training specific to main areas of focus, such as risk appetite, risk , and the processes outlined in respective policies.
• Manage and provide guidance to the team, including writing annual performance evaluations and providing balanced feedback. Hosts regular 1:1s to support their development and team meetings.

Education:

• Bachelor's or Master's degree in Finance, Business Administration, Risk Management, or related field.

Experience:

• 5 – 7 years of relevant financial sector experience with particular focus in risk management, preferably in mid‑to‑large‑size U.S. banking institutions.
• At least three years of experience in management.
• Experience with risk management programs, particularly in areas such as risk assessments, risk appetite and reporting, and general risk management.
• Knowledge of banking regulations and branch operations.
• Understanding of how banks function and the top risks that can directly impact bank operations, including experience working with and…