Cathay Bank - Headquarters
VP, Risk Appetite & Reporting Manager
Cathay Bank - Headquarters, El Monte, California, us, 91734
GENERAL SUMMARY
The VP, Risk Appetite & Reporting Manager will be part of Cathay Bank's Enterprise Risk Management (ERM) team in the Second Line of Defense. This critical role will lead the design, execution, and continuous enhancement of the Bank's risk appetite program and enterprise-level risk reporting. The Risk Appetite & Reporting Manager will be responsible for the execution and support of specific elements and ongoing refinement of the Bank's ERM function, to include the management and reporting of risk appetite metrics at the board and management levels, development and execution of the Bank's Risk Identification program with the goal of working across the Bank to identify and manage the Bank's top and emerging risks, and risk reporting across risk disciplines. To support this role, and in alignment to the Bank's Risk Management Framework, Risk Appetite & Reporting Manager develops and implements the policies and procedures required to support effective risk management programs.
DIRECT REPORTS The incumbent manages a team.
ESSENTIAL FUNCTIONS
Responsible for executing Risk Appetite across the Bank, guiding Risk Appetite Metric (RAM) and Key Risk Indicator (KRI) development, implementation, and reporting.
Establish and maintain processes for Risk Appetite monitoring and escalation, leveraging appropriate systems and tools.
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.
Ensure reporting is forward‑looking, risk‑based, and connected to risk profile, strategic objectives, and Risk Appetite Metrics.
Lead efforts to enhance automation and data quality in risk reporting through collaboration with the ERM GRC Integration team.
Maintain Risk Appetite and Reporting that reflect regulatory guidance and industry best practices.
Provide meaningful advice and solutions to the business on how to effectively operationalize Risk Appetite.
Develop and enhance 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.
Develop and lead training specific to main areas of focus, such as Risk Appetite, Risk ID, and the processes outlined in respective policies.
Manages and provides guidance to the team including writing annual performance evaluations and providing balanced feedback. Hosts regular 1:1s to support their development and team meetings.
QUALIFICATIONS Education:
Bachelor's or Master's degree in Finance, Business Administration, Risk Management, or related field.
Experience:
5 - 7 years of relevant Financial Sector experience with particular focus in Risk Management, preferably in mid to large size U.S. banking institutions.
At least three years of experience in management.
Experience with risk management programs, particularly in areas such as risk assessments, risk appetite and reporting, and general risk management.
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.
Experience designing and developing risk reports for risk committees and the Board.
Skills/Ability:
Proven leadership with a strong focus on execution.
Proven record of delivering high quality results within strict deadlines.
Self‑motivated with an analytical mindset and a drive to develop new programs.
Strategic thinking and the ability to convert plans into action.
Strong ability to operate in an environment of change.
Strong interpersonal skills.
Ability to present complex information clearly and concisely to diverse audiences.
Ability to build and expand trusting relationships and partnerships.
Ability to lead a small, high‑performance team.
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 $136K - $150K / year
Pay determined based on job‑related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
BENEFITS 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).
EEO & PRIVACY Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.
Cathay Bank is an Equal Opportunity and Affidantiy Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex, pregnancy, reproductive health decision‑making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the "Know Your Rights: Workplace Discrimination is Illegal" Poster:
Poster- English
Poster- Spanish
Poster- Chinese Traditional
Poster- Chinese Simplified
CONTACT Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582‑7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
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DIRECT REPORTS The incumbent manages a team.
ESSENTIAL FUNCTIONS
Responsible for executing Risk Appetite across the Bank, guiding Risk Appetite Metric (RAM) and Key Risk Indicator (KRI) development, implementation, and reporting.
Establish and maintain processes for Risk Appetite monitoring and escalation, leveraging appropriate systems and tools.
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.
Ensure reporting is forward‑looking, risk‑based, and connected to risk profile, strategic objectives, and Risk Appetite Metrics.
Lead efforts to enhance automation and data quality in risk reporting through collaboration with the ERM GRC Integration team.
Maintain Risk Appetite and Reporting that reflect regulatory guidance and industry best practices.
Provide meaningful advice and solutions to the business on how to effectively operationalize Risk Appetite.
Develop and enhance 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.
Develop and lead training specific to main areas of focus, such as Risk Appetite, Risk ID, and the processes outlined in respective policies.
Manages and provides guidance to the team including writing annual performance evaluations and providing balanced feedback. Hosts regular 1:1s to support their development and team meetings.
QUALIFICATIONS Education:
Bachelor's or Master's degree in Finance, Business Administration, Risk Management, or related field.
Experience:
5 - 7 years of relevant Financial Sector experience with particular focus in Risk Management, preferably in mid to large size U.S. banking institutions.
At least three years of experience in management.
Experience with risk management programs, particularly in areas such as risk assessments, risk appetite and reporting, and general risk management.
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.
Experience designing and developing risk reports for risk committees and the Board.
Skills/Ability:
Proven leadership with a strong focus on execution.
Proven record of delivering high quality results within strict deadlines.
Self‑motivated with an analytical mindset and a drive to develop new programs.
Strategic thinking and the ability to convert plans into action.
Strong ability to operate in an environment of change.
Strong interpersonal skills.
Ability to present complex information clearly and concisely to diverse audiences.
Ability to build and expand trusting relationships and partnerships.
Ability to lead a small, high‑performance team.
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 $136K - $150K / year
Pay determined based on job‑related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.
BENEFITS 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).
EEO & PRIVACY Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our Privacy Policy.
Cathay Bank is an Equal Opportunity and Affidantiy Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex, pregnancy, reproductive health decision‑making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.
Click here to view the "Know Your Rights: Workplace Discrimination is Illegal" Poster:
Poster- English
Poster- Spanish
Poster- Chinese Traditional
Poster- Chinese Simplified
CONTACT Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at (626) 582‑7370 or mickey.hsu@cathaybank.com. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.
#J-18808-Ljbffr