Risk and Control Manager

East West Bank • Pasadena, CA

1d

About The Position

The Risk and Control Manager will work within the Bank’s first line of defense function and will be responsible for designing, implementing, and managing the first line of defense risk management team. The Manager will be responsible for working with first line of defense testers and providing training to the first line testing team to conduct consistent and effective testing of control design and effectiveness, reporting, and tracking of results and remediation plans. This role will require an individual with in-depth knowledge of the Bank’s policies, guidelines, and practices; exceptional relationship management; communication and influencing skills at all levels; a strong focus on execution; defining and implementing a sound first line testing and risk management program.

Requirements

• In-depth experience with designing, planning, implementing, and testing Risk and Control Self Assessments and effectively managing a testing/audit/RCSA program
• Strong knowledge of banking operations, products, and services
• Effective verbal and written communication skills with strong influential skills
• Strong management skills to lead a team to execute a robust first line of testing program, including the identification, communication, reporting, escalation and validation of test results and remediation efforts.
• 10 – 15 years of experience in controls testing, risk management, or other complimentary capacities, preferably within the financial services industry or a public accounting firm

Nice To Haves

• Experience with development of Key Risk Indicators for the First Line level is a plus

Responsibilities

• Responsible for building and leading a new team to perform first line testing of controls that evaluate the design and operating effectiveness of the first line’s key controls
• Develop and provide internal controls training to team members and development activities, including Bank-wide and targeted training to support continuous improvements of the first line testing program and to elevate controls management capabilities
• Support the development of control testing frameworks and methodologies
• Support the effective challenge of Risk and Control Self Assessments completed by First Line managers and making updates as needed
• Create and memorialize detailed control testing documentation and review commentary
• Manage and coordinate all risk activities to ensure material/key risks are identified, escalated, managed, tracked, and remediated timely
• Analyze, aggregate, and articulate the results/issues/recommendations related to control testing activities to senior management, management committees and/or executives
• Assist with the validation and closure of control issues as identified through testing results
• Act as central point of contact for the first line and building a strong working relationship with all business units, including second line (e.g., ERM and Corporate Compliance) and third line (e.g., Internal Audit)

Benefits

• The base pay range for this position is USD $90,000.00/Yr. - USD $200,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed