VP/FVP-Business Risk Management (1st LoD) and Business Manager

Introduction

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.

Overview

To oversee the first-line business risk management within Private Banking, ensuring effective risk identification, control, and compliance with regulatory and internal requirements. The role partners closely with front office and control functions to maintain a strong risk and control environment while supporting business objectives.

Responsibilities

• Be responsible for providing First Line of Defense (FLoD) business risk control and business manager for Private Banking (HK)
• Collaborate with product specialists, investment consultants, RMs, ARMs, and control functions (Legal, Compliance, Operations, Risk, BR&C, Internal Audit) to ensure Private Banking operates in a compliant risk and control environment.
• Maintain strong focus in the aspect of risk & control with identification and assessment of risks related to all PB activities and for the implementation of a robust and effective control framework.
• Work with Head of PB on business management, business strategy, and reporting.
• Conduct regular FLoD Tests on KYC Periodic Review, New Accounts, PB Classification, Fraud, Trade Orders, PI, Selling Process, Cross Broder Activities, etc. to ensure compliance with regulatory and internal requirements.
• Supervise day-to-day activities of sales team.
• Oversee responsibilities outlined in the Compliance Manual, SOP, regulations.
• Provide coaching and guidance on policies and procedures in order to promote a strong culture of risk awareness.
• Customer complaints handling and resolution (via liaison with the Legal and Compliance Division if necessary) to ensure appropriate supervisory oversight is maintained at all times.
• Work with second line and third line of defense to identify key risk areas and adopt action plans to continue seek improvement of our risk control process in the front office.
• Represent front office in engaging in internal and external audits, Compliance testing assignments and also Risk and Control Self Assessments, to drive strong risk culture in the front office

Qualifications

• Over 10 years of work experience including over 5 years of experience in foreign PB’s First Line of Defense Business Risk Management or PB Compliance area in HK or Singapore
• Extensive product knowledge and expertise across Private Banking/ Wealth Management platform
• End to end Operations knowledge and understanding of risks and controls in private banking
• Extensive experience in managing diverse, international and cross-cultural organizations.
• Familiarity with regulatory matters and management of key external stakeholders.
• Knowledge of corporate governance and management of senior management dynamics
• Must have strong business and financial acumen and be comfortable dealing with complex financial analyses and concepts. Intellectually sharp, capable, and agile. A problem-solver who relies on facts and data to drive decisions.
• Results oriented, exhibits passion for excellence and drives results; conveys a sense of urgency and has the energy to drive issues to closure.
• Someone who persists despite obstacles and opposition; exercises strong self-discipline and shows flexibility in the pursuit of a central goal, despite competing and sometimes conflicting influences.