Operational Risk Senior Manager

Introduction Since 1973, East West Bank has served as a pathway to success. With over 110 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 a strong foundation, an enterprising spirit and a commitment to absolute integrity. East West Bank gives people the confidence to reach further.

Overview The Operational Risk Senior Manager will work within the Bank’s Enterprise Risk Management function and will be responsible for second line of defense operational risk management and act as a resource to internal and external operational risk stakeholders. This role will report to the Deputy Chief Risk Officer.

This role will require an individual with knowledge of RCSAs, process and business unit taxonomies, operational risk KRIs, operational fraud risk controls, monitoring, and scenarios, root cause analysis, ascertain and ensure implementation of lessons learned after operational deficiencies or fraud incidents, proactive monitoring of the fraud environment through databases and industry networking.

This role will require working and communicating with individuals throughout the institution regarding operational 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, put 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 operational 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 As a valuable East West Bank team member, your duties will include (but not limited to):

Contribute to the design, development, and implementation of major operational risk programs, policies, and procedures

Promulgate and manage the RCSA policy outlining requirements, completeness, scope, and related activities

Manage inventory of process and business unit taxonomies to ensure operational risks are identified and monitored appropriately

Execute and manage operational risk KRIs as required

Maintain documentation and reports to management regarding execution and potential pain points, providing recommendations for error prevention

Monitor and assess fraud risk controls and programs to prevent operational losses

Proactively monitor industry and fraud schemes through third-party services and industry networking

Conduct and lead operational loss scenarios testing to ensure operational loss control resiliency

Provide requested information to stakeholders, executive management, Board, and regulatory agencies

Analyze new business initiatives/projects and manages operational risk-related changes

Conduct training for stakeholders and provides advice/guidance on the execution of operational risk management

Conduct presentations and workshop sessions on risk identification and mitigation

Monitor operational risk management program for compliance with all applicable laws and regulations

Remain current on evolving risks and trends related to operational risk Identify and escalate problems or issues that arise and drive actions to address the root causes that led to operational risk losses

Serve as a resource to ensure operational risks are identified and complete in RCSAs and other operational risk programs.

Manage and coordinate all operational risk activities to ensure material/key risks are appropriately identified, managed, escalated, tracked, and remediated timely.

Assist with the validation and closure of control deficiencies as identified through operational risk testing

Provide day-to-day management, oversight, and longer-term development planning for operational risk management staff

Prepare ad-hoc risk management…