Senior Compliance Monitoring and Data Insight Officer

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

Play a key role in the Corporate Compliance Advisory team member by helping the Business Units comply with applicable laws and regulations. Responsible for acting as lead Monitoring Officer and Subject Matter Expert for Business Units aligned to role and delivering quality compliance advisory support.  Reporting to the Director of Compliance Advisory, support bank-wide programs including, but not limited to, regulatory change management and regulation specific policies. Provide SME support to prevent, detect, and mitigate compliance risk across the bank. Assist with implementation for large compliance projects. 

Responsibilities

• Support compliance advisory team for applicable laws, rules, and regulations, including credible challenge and assisting Business Units in strengthening and developing necessary controls.
• Develop and execute a risk-based monitoring plan, including designing and maintaining the framework and ensuring compliance with laws, regulations, and internal policies.
• Utilize data analytics (e.g. – SQL, Power BI) to mine, analyze and interpret patterns to detect potential breaches.
• Identify opportunities to automate compliance monitoring processes and lead the implementation of data-driven monitoring tools.
• Perform data mining by synthesizing and translating large sets of data, information, and analytical outputs into insights to identify opportunities to establish or maintain effective preventative controls.
• Develop compliance dashboards to provide real-time insights into compliance performance and business insights.
• Lead technological and system optimization to align compliance operations and identify outliers that may indicate non-compliance.
• Assess effectiveness of existing metrics and enhance or design new metrics to identify trends, patterns, or potential areas of concern.
• Maintain, develop, and/or update compliance related key risk indicators and key performance indicators.
• Identify opportunities for process improvement, automation, and control optimization and collaborate with the Business Units to influence change.
• Lead enterprise-wide regulatory change and prepare reports of regulatory change initiatives.
• Maintain close relationships with risk and executive management, Business Unit, and Internal Audit to ensure compliance with compliance risk appetite and to allow for compliant solutions across the Bank.
• Review and approve related compliance policies, procedures, forms, and disclosures. Influence adjustments to processes, procedures, and controls.
• Identify potential internal and external risks related to Business Unit initiatives and processes. Provide guidance on remediation, escalate, and facilitate with subject matter expertise, as necessary.
• Provide credible challenge of Risk and Control Self-Assessments (RCSAs).
• Provide guidance on controls over regulatory requirements and Business Units monitoring of those controls.
• Assist Business Units in development of compliance programs, including how to monitor, report, and train.
• Perform compliance risk assessments for the Business Units aligned to role.
• Assist in the development or review of compliance training and support / supplement Business Unit training, as necessary.  
• Provide credible challenge of compliance issues and action plans to effectively resolve issues and ensure corrective action is effectively implemented.  
• Monitor regulatory changes and manage regulatory change management process, including working with Business Units. This may include tracking, analyzing, performing initial impact analysis, and working with the Business Units to operationalize requirements.
• Monitor regulatory implementation for projects managed under other Compliance Officers. 
• Review third-party contracts for compliance impact and assist with appropriate due diligence and monitoring of vendor activities that have a compliance ri