Senior Model 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 Senior Model Risk Manager to join the Model Risk Management (MRM) group. This role will play a key part in maintaining, enhancing, and executing the Bank’s Model Risk Management framework, standards, and processes, with a particular focus on Treasury models. This Senior Model Risk Manager will lead independent model validation projects, assess model risk across the model lifecycle, perform ongoing model risk oversight activities, and manage validation findings through closure. The role will also collaborate with stakeholders across Treasury, Risk, Model Development, and Audit to ensure strong model governance and adherence to regulatory expectations.

• Lead and execute model validation projects, with an emphasis on Treasury models (i.e., ALM and feeder Models, Liquidity Stress Test, etc.).
• Manage ongoing model risk management activities such as quarterly model certification process, model ongoing performance monitoring, annual model review process, model inventory update, model validation finding management and closure evaluation.

• Maintain ongoing communication with Treasury stakeholders to ensure MRM is informed of all development plans and status updates, enabling effective challenge and timely oversight.

• Support regulatory exams, internal and external audits.
• Promote best-in-class industry model risk management practices throughout the company including China and Hong Kong subsidiaries.
• Contribute to continual enhancement of the Bank’s MRM framework, policies, and documentation standards.

• Master’s degree in quantitative discipline such as mathematics, statistics, economics, or financial engineering.
• Strong foundation in mathematics, statistics, and statistical modeling techniques.
• In-depth Working knowledge of financial products and Treasury/ALM concepts.
• Proficiency in programming languages such as SQL, R, and Python.
• Highly proficient in MS Office applications.
• Self-motivated, and eager to deepen expertise in modeling techniques and risk analytics.
• Excellent analytical, written, and verbal communication skills with exceptional attention to detail.
• Ability to independently lead projects and work effectively in a collaborative team-oriented environment.
• Strong work ethic, professionalism, and accountability.
• Experience with Treasury models is strongly preferred.

Experience:

• 10+ years of experience in statistical analysis, model development, or model validation.
• 10+ years of experience in the financial industry.
• Extensive experience producing high-quality model validation and analytical results.