Senior Risk & Control Analyst

East West Bank is seeking a Risk & Control Officer. The Risk & Control Officer works with credit and prepaid debit card policies and procedures to ensure compliance with applicable regulations and mitigate credit and fraud risk to the Bank.  The Risk & Control Officer is responsible for maintaining the QA program including the written procedures and performs QC processes including testing of new products and features.  The Risk & Control Officer will collect and analyze data wherever it resides, including in spreadsheets, files, and databases.  The Risk & Control Officer will create reports as needed to complete QC and various management reporting such as program or campaign management.  As a highly visible member of Credit Card Operations the incumbent must be able to communicate effectively with all levels of management within the Bank.

• Ensure adherence to risk and control standards and established policies and procedures by performing required self-assessment and control testing of systems and processes for the credit and prepaid debit card programs and products.
• Define new data collection and analysis processes as needed
• Create reports, processes and tools to monitor key risk indicators for business unit
• Interpret and analyze results from data extractions to identify patterns and trends
• Report findings to management and participates in defining the required remediation efforts to resolve any gaps.
• Develop and continuously refresh an expert level understanding of FRB, CFPB and applicable state regulations pertaining to consumer lending, credit card and debit/prepaid card; maintain and recommend changes/enhancements to policies and procedures to ensure ongoing compliance, risk mitigation and operational excellence.
• Act as a key contributor to define and maintain an effective risk and quality control program for credit and prepaid debit card. Monitor organizational and industry changes that might impact the risk assessment.
• Work with Enterprise Risk Management, Compliance, BSA/AML to ensure risk assessment align with overall bank strategies.

• Bachelor’s degree required in Business, Finance, Computer Science or a minimum of 7 years relevant experience required. 
• Demonstrated ability to design, document and implement effective risk and control processes.
• Practiced knowledge of regulatory environment in the credit and prepaid card industries highly desirable
• Experience applying quantitative, analytical, process oriented and troubleshooting skills
  Proficiency with Excel including pivot tables, exposure to SQL with strong desire to learn
• Able to work under pressure while managing competing demands and tight deadlines.
• Well organized with meticulous attention to detail with strong written and verbal communication skills.
• Self-driven to identify areas of improvement.