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 (., 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.
East West Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status.
Reasonable accommodations for disability are provided to applicants and employees in accordance with applicable law.
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