Temp-Third Party Risk Manager

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.

East West Bank is seeking a Third Party Risk Manager. The Third Party Risk Manager is responsible for ensuring the compliance of the Bank’s Third Party Risk Management program by overseeing and managing the Bank’s third party vendor relationships, facilitating the third party vendor risk identification process and measurement that is reported to the Executive Risk Committee and the Board of directors, and completing other third party vendor risk management duties as assigned.

• Assessing third party risks and issues and properly addressing, documenting, and proposing solutions to mitigate risk
• Overseeing multiple business unit portfolios of third party vendors and ensuring compliance to the Bank’s TPRM program
• Effectively communicating and partnering with the business unit leaders and supporting their third party strategic initiatives
• Analyzing the third party risk assessment questionnaires, supporting third party on-boarding, managing due diligence collection, assisting with contract negotiations, managing all required ongoing monitoring artifacts, and supporting the termination process if applicable
• Managing Value Added Resellers (VAR) and the associated third parties risk and spending. Identifying vendor consolidation opportunities for cost savings
• Lead the effort in managing the business unit portfolios and proposing opportunity for vendor consolidation and cost savings
• Ensure all data and documentation is gathered that is necessary to complete due diligence and ongoing monitoring phases.Manage third party risk assessments and ensure each product or service is defined by a risk rating of Low, Moderate, High, or Critical
• Engage with Business Unit Leaders and other Stakeholders to review third party performance metrics and vendor scorecards
• Prepare reporting documentation
• Perform other duties and special projects as assigned

• 7+ years Third Party Risk Management  
• Experience managing complex and dynamic Third Party relationships
• Knowledge of various regulatory bodies and guidance governing and monitoring the financial services industry
• Excellent verbal and written communication skills. Manage correspondence with all levels of Bank staff including Senior and Executive management
• Strong analytical mindset, able to manage risks both at the micro and macro levels
• An innate ability to identify issues and work them to closure, including remediation and escalation where appropriate
• Effectively respond to shifting priorities and assignments
• A commitment to protect the bank from all risk exposure
• Discretion and diplomacy when dealing with sensitive issues
• Able to meet deadlines and expectations with little or no supervision
• Bachelor's Degree Required, Masters Degree Preferred
• 3 years functional/professional experience required, 5-7 years preferred