Risk & Control Analyst

East West Bank•El Monte, CA

1d•$20 - $30

About The Position

East West Bank is seeking a Risk & Control Analyst, to help support the Compliance function within the Credit Card Team. The Risk & Control Analyst will assist the Senior Analyst, with credit card policies and procedures to ensure compliance with applicable regulations and mitigate credit and fraud risk to the Bank. The Risk & Control Analyst is responsible for maintaining the QA/QC program including the written procedures and performs QA/QC processes including the testing of new products and features. The Risk & Control Analyst will collect and analyze data wherever it resides, including in spreadsheets, files, and databases. The Risk & Control Analyst will create reports as needed to complete QA/QC and various management reporting such as program or campaign management. As a highly visible member of Credit Card Operations the employee must be able to communicate effectively with all levels of management within the Bank.

Requirements

Bachelor’s degree required, preferably in Accounting, Business Administration, Mathematics, Computer Science, or Economics.
Demonstrated ability to design, document and implement effective risk and control processes.
Practiced knowledge of regulatory environment in the banking industry highly desirable.
Experience applying quantitative, analytical, process oriented and troubleshooting skills.
Proficiency with Excel including pivot tables; exposure to SQL highly desirable.
Able to work under pressure while managing competing demands and tight deadlines.
Well organized with meticulous attention to detail, as well as strong written and verbal communication skills.
Self-driven to identify areas of improvement.
Applicants must have legal authorization to work in the United States.
We do not offer visa sponsorship at this time.

Responsibilities

Work in tandem with the Risk Manager and Senior Risk & Control Analyst assigned to Credit Card Operations, to ensure adherence to applicable regulations, bank policies, and departmental procedures.
Verify risk & control standards are being met, by performing required self-assessment and control testing of systems and processes for the credit card program and products.
Define new data collection and analysis processes as needed.
Create reports, processes and tools to monitor key risk indicators for the business unit.
Interpret and analyze results from data extractions to identify patterns and trends.
Report findings to management and participate in defining the required remediation efforts to resolve any gaps.
Develop and continuously refresh an expert level understanding of FRB, CFPB and applicable regulations pertaining to consumer lending; maintain and recommend changes/enhancements to policies and procedures to ensure ongoing compliance, risk mitigation and operational excellence.
Act as a key contributor to define and maintain an effective risk and quality control program for credit card.
Monitor organizational and industry changes that might impact the risk assessment.
Work with Enterprise Risk Management, Compliance, BSA/AML to ensure risk assessment align with overall bank strategies.
Assist other consumer lending units, such as SBA, in building out QA/QC program and performing QA/QC reviews as needed.
May perform other duties as assigned