GENERAL SUMMARYThe AVP, Risk Identification & Aggregation team member has a critical role within the Enterprise Risk Management function in the Bank's second line of defense, responsible for leading the Bank's enterprise wide processes for identifying, assessing, and aggregating risks across all business lines. This position ensures that material risks are captured, analyzed, and communicated in a timely and consistent manner to support strategic decision making and regulatory expectations. The role partners closely with business units, risk owners, and senior leadership to maintain a comprehensive view of the bank's risk profile and to enhance the maturity of the ERM framework. The AVP serves as a subject matter expert on risk identification methodologies, emerging risk analysis, and risk aggregation techniques.
To support this role, and in alignment to the Bank's Risk Management Framework, the Risk Identification & Aggregation team member develops and implements the policies and procedures required to support effective risk management programs.
ESSENTIAL FUNCTIONS- Lead the enterprise wide risk identification process, including annual risk assessments, emerging risk reviews, and thematic deep dives.
- Facilitate workshops and interviews with business units and risk owners to surface new and evolving risks.
- Develop, manage, and enhance relevant policies and procedures in alignment with the Bank's Risk Management Framework and Risk Appetite Statement.
- Own and enhance enterprise-level risk reporting to risk committees and develop and maintain board-level reports, analytics, and trends.
- Design comprehensive risk dashboards, heatmaps, and narrative analyses that provide actionable insights and reflect the Bank's risk profile.
- Maintain and enhance the Bank's risk taxonomy to ensure consistent classification and reporting of risks.
- Evaluate the materiality of identified risks using qualitative and quantitative assessment methods.
- Develop and maintain processes to aggregate risks across business lines, risk types, and portfolios.
- Produce enterprise level risk dashboards, heat maps, and trend analyses for senior management and Board committees.
- Contribute to the development and enhancement of the Bank-wide Risk Identification program and effectively integrate the output into actionable decisions.
- Interface with functional and department leaders, providing clear direction on Bank-wide risk assessment processes, to include Risk ID.
- Communicate across all levels of the organization and produce comprehensive executive-level risk reports.
- Support regulatory examinations, internal audits, and independent reviews related to ERM activities.
- Develop and lead training specific to Risk Identification and Aggregation, and the processes outlined in respective policies.
- Monitor external trends, industry developments, and macroeconomic factors to identify emerging risks.
QUALIFICATIONSEducation:
- Bachelor's or Master's degree in Finance, Business Administration, Risk Management, or related field.
Experience:
- Minimum 4 years of relevant Financial Sector experience with particular focus in Risk Management, preferably in mid to large size U.S. banking institutions.
- Minimum 4 years of experience with risk management programs, particularly in areas such as risk assessments, Risk Identification, Risk Aggregation and Reporting, and general risk management.
- Experience designing and developing risk reports for risk committees and Board.
- Knowledge of banking regulations and branch operations.
- Understanding of how banks function and the top risks that can directly impact bank operations, to include experience working with and developing bank risk taxonomies.
Skills/Ability:
- Self-motivated with an analytical mindset and a drive to develop new programs.
- Proven record of delivering high quality results within strict deadlines.
- Strategic thinking and the ability to convert plans into action.
- Strong ability to operate in an environment of change.
- Ability to present complex information clearly and concisely to diverse audiences.
- Proven leadership with a strong focus on execution.
- Strong interpersonal skills. Ability to build and expand trusting relationships and partnerships.
- Excellent verbal and written communication skills; ability to synthesize and present complex information clearly.
- Proficiency in Microsoft Office suite - Word, Excel, Outlook, SharePoint, Teams.
OTHER DETAILS$93K - $113K / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
Cathay Bank offers its
full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).
