Senior Compliance M&T Manager

East West Bank • Pasadena, CA

8d • $130,000 - $200,000

About The Position

Play a key role in managing the Corporate Compliance Monitoring and Testing (M&T) program and components of the Compliance Management Programs. The Senior Manager 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.

Requirements

• Minimum 10-15 years of experience with regulatory compliance in a banking environment; knowledge of banking regulations and guidance (CFPB and FRB)
• 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
• 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
• 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.

Responsibilities

• Manage and execute Compliance M&T program.
• Manage schedule to ensure that there is appropriate independent monitoring and testing of business operations and practices by testing transactions, and activities to identify any compliance issues or deviations from established policies.
• Develop, implement, track, and report on Compliance testing schedules. Also, responsible for timely execution of the annual Compliance testing plan.
• Manage team completing M&T activities.
• Act as liaison to reduce duplicate testing efforts across the RCSA testing and Internal Audit team.
• Design and execute data-driven tests, analyze large datasets for trends, build compliance dashboards, and create metrics for senior management.
• Collaborate with the internal reporting teams to generate high-quality data and reports for compliance monitoring and testing purposes; employ data mining techniques and software tools to develop reports that identify areas for further review, including but not limited to account types, activity patterns, transaction volumes and values, and trends.
• Maintain knowledge of current and emerging trends, including regulatory expectations and standards for effective compliance management systems.
• Conduct meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, and assess the effectiveness of programs/policies/practices.
• Lead a high performing team; provide on-going feedback and performance reviews, coach and develop team and ensure performance management activities are undertaken and completed for all team members.
• 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.
• Key contact for managing complex issues, including non-routine information.
• Identify, assess, and escalate issues requiring senior management attention.
• Develop and monitor compliance key risk indicators for the Corporate Compliance Program, analyze results to recommend compliance monitoring or other actions.
• Prepares reporting to the Risk Oversight Committee.
• Assist Chief Compliance Officer with other projects, as needed.
• May perform other duties as assigned

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1,001-5,000 employees