Compliance Officer

East West Bank•Pasadena, CA

22h•$95,000 - $140,000

About The Position

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. Play a key role in managing the Corporate Compliance Monitoring and Testing (M&T) program and components of the Compliance Management Programs. The Compliance Officer is responsible for ensuring that adequate, risk-based independent testing, monitoring, and validation is in place based on risk and relevance of the regulatory requirements. This may include consumer and non-consumer regulatory requirements. In addition, the role includes managing the compliance independent issue management and issue validation process for all compliance risk issues.

Requirements

Minimum 5-8 years of experience with regulatory compliance in a banking environment; knowledge of banking regulations and guidance (CFPB and FRB), including specific experience in fair lending, HMDA, and CRA
Prior experience managing teams of compliance testing specialists and/or managers in the execution of Compliance testing and monitoring engagements and validation of action plans in accordance with established standards
Prior testing, audit or business operations experience in areas involving regulatory compliance.
Knowledge of relevant regulations, guidance, and industry leading practices
Experience with project implementation and management
Experience managing and developing staff
Proficiency in Microsoft Word and Excel is required
Applicants must have legal authorization to work in the United States.
We do not offer visa sponsorship at this time.

Nice To Haves

Bachelor’s degree in a related field; advanced degrees or certifications (e.g., JD, CRCM) are preferred.
Excellent oral and written communication skills; experience communicating with all levels of management, executive, and writing and presenting reports
Collaborative and good at building and leveraging relationships
Analytical and critical thinking

Responsibilities

Develop and implement comprehensive compliance testing and auditing procedures to ensure adherence to all applicable laws, regulations, and company policies.
Conduct thorough and accurate testing of internal controls and processes to identify potential compliance risks and gaps.
Manage the intake and input of compliance identified issues into the bank’s GRC.
Conduct issue management, including validation of all compliance risk issues identified as part of Compliance or 1LOD identified issues.
Collaborate with cross-functional teams to analyze and interpret regulatory requirements and frameworks, and provide guidance and recommendations for remediation action.
Create and maintain detailed documentation of compliance testing processes, results, and findings.
Identify and escalate potential compliance issues and risks to senior management and provide recommendations for resolution.
Maintain knowledge of current and emerging trends, including regulatory expectations and standards for effective compliance management systems.
Act as a subject matter expert on compliance testing and auditing, and provide guidance and support to other team members as needed.
Provide guidance and clarity around priorities and goals for Compliance M&T program and work to ensure goals are communicated to team.
Work with Business Unit Managers to ensure compliance issues and recommendations are acted on responsibly and corrective action is effectively implemented.
Review complaints for trends and areas of compliance risk.
Ensure that the team is trained in laws and regulations.
Conduct fair lending risk assessments, reviews, fair lending analysis and/or redlining analysis.
May perform other duties as assigned