Introduction:
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Greater China, 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 an exclusive focus on the U.S. and Greater China markets. With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
Overview:
East West Bank is seek a Wealth Management Risk Analyst. The primary role of the Risk Analyst is to support daily Risk management function of Wealth Management Business.
Responsibilities:
- Perform call back procedures to confirm client understands of investment product features, disclosures, and risks. Serve as a product specialist on Wealth Management investment products for Financial Consultants (FCs) and Private Bankers (PBs).
- Assist with developing and maintaining standards for risk assessment activities including new product risk assessments and ongoing monitoring of existing products.
- Partner with key stakeholders within the Wealth Management business to identify, assess, aggregate, and document risks and internal controls, including risks associated with new or modified products, services, distribution channels (sales), regulations, and third-party operations (Cetera).
- Assist with the preparation for the presentation of findings to various levels of leadership at the bank. Assist with the communication of results of risk assessments to governance committees (Product Approval Committee, Risk Oversight Committee (ROC), etc.), and business process owners (Wealth Management Department).
- Contributes to the implementation of new risk policies, practices, appetites, and solutions to ensure holistic understanding and management of risks according to industry best practices.
- Enhance strategies, tools, and methodologies to measure, monitor, and report risks.
- Apply knowledge to utilize or produce analytical material for discussions with Wealth Management teams to understand business objectives and influence solution strategies.
- Build reports, deliver regular analysis of risk indicators, and create documentation for reporting related to Wealth Management activities.
- Complete/assist in ad-hoc requests received from management.
Qualifications:
- BA/BS degree in related field (Banking & Finance, Financial Engineering)
- Wealth Management Products knowledge
- Previous experience in Foreign Exchange or Banking industry
- Excellent communication skills
- Strong end user computing skills e.g. Excel (Advanced), Powerpoint, Word and VBA programming
- 1-2 years functional/professional experience
Compensation:
The base pay range for this position is USD $71,000.00/Yr. - USD $75,000.00/Yr. Exact offers will be determined based on job-related knowledge, skills, experience, and location.