Director Corporate Compliance Risk Management

at  East West Bank

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:
Provide governance and risk management support for enterprise compliance initiatives. Reporting to the Chief Compliance Officer, support and manage bank-wide programs including, but not limited to, complaint management, compliance risk assessments, regulatory change management, and policies. Manage implementation for large compliance projects.

Responsibilities:

• Manages compliance efforts for the Bank regulatory change management, working with Compliance Officer Subject Matter Experts and Business Units. This may include tracking, analysis, initial risk assessment, and assignment. Including regulations, proposed legislation, regulatory announcements, and industry practices, and helps businesses develop and implement procedures to meet these requirements.
• Track and work with business to implement complex (non-consumer) regulatory change, assist with action plans, developing or adapting policies, and supporting enhancements to risk control self-assessments (when applicable). Monitor regulatory implementation for projects managed under other Compliance Officers.
• Manages the Compliance Risk Assessment Process. Including enhancing risk assessments to align to Enterprise Risk Management policies. Completes annual risk assessments, with Compliance Team support, in accordance with Compliance Risk Management Program. Support efforts for full risk assessments for regulatory requirements such as Identity Theft Red Flags, and other risk assessments as determined needed.
• Manage Bank-wide complaint program. Develop and maintain methodologies to ensure adequacy of reporting, manage workflow and documentation, work with Fair Banking Officer to analyze trends and risks. Perform quarterly reporting and follow-up actions on any trends.
• Prepares periodic reporting on compliance regulatory commitments and the status of efforts to meet those commitments to appropriate management.
• Works with Enterprise Risk Management to align the policies and initiatives of Corporate Compliance to the overall risk policies of the Bank.
• Participates as lead for the Compliance Department for Bank initiatives such as system implementations and projects that need compliance consultation.
• Attends appropriate continuing professional development courses/seminars. Maintain technical knowledge in order to meet compliance department responsibilities.

Qualifications:

Knowledge and Experience:

• Minimum 15+ years of experience with regulatory compliance in a banking environment; knowledge of banking regulations and guidance (CFPB and FRB)
• Experience with project implementation and management
• Experience managing and developing staff
• Proficient in Microsoft Word and Excel is required

ADDITIONAL DESIRED SKILLS AND QUALIFICATIONS

• Bachelor’s degree in a related field; advanced degrees or certifications (e.g., JD, CRCM) are preferred.
• Experience in audit or as regulatory examiner desirable.
• Excellent oral and written communication skills; experience communicating with all levels of management and writing reports
• Collaborative and good at building and leveraging relationships
• Analytical and critical thinking
  Compensation: The base pay range for this position is USD $170,000.00/Yr. - USD $230,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location

• Manages compliance efforts for the Bank regulatory change management, working with Compliance Officer Subject Matter Experts and Business Units. This may include tracking, analysis, initial risk assessment, and assignment. Including regulations, proposed legislation, regulatory announcements, and industry practices, and helps businesses develop and implement procedures to meet these requirements.
• Track and work with business to implement complex (non-consumer) regulatory change, assist with action plans, developing or adapting policies, and supporting enhancements to risk control self-assessments (when applicable). Monitor regulatory implementation for projects managed under other Compliance Officers.
• Manages the Compliance Risk Assessment Process. Including enhancing risk assessments to align to Enterprise Risk Management policies. Completes annual risk assessments, with Compliance Team support, in accordance with Compliance Risk Management Program. Support efforts for full risk assessments for regulatory requirements such as Identity Theft Red Flags, and other risk assessments as determined needed.
• Manage Bank-wide complaint program. Develop and maintain methodologies to ensure adequacy of reporting, manage workflow and documentation, work with Fair Banking Officer to analyze trends and risks. Perform quarterly reporting and follow-up actions on any trends.
• Prepares periodic reporting on compliance regulatory commitments and the status of efforts to meet those commitments to appropriate management.
• Works with Enterprise Risk Management to align the policies and initiatives of Corporate Compliance to the overall risk policies of the Bank.
• Participates as lead for the Compliance Department for Bank initiatives such as system implementations and projects that need compliance consultation.
• Attends appropriate continuing professional development courses/seminars. Maintain technical knowledge in order to meet compliance department responsibilities