AVP, Regulatory Issues Risk Manager

GENERAL SUMMARY

The AVP/VP, Regulatory Issues Risk Manager is a strategic position supporting and enhancing the effectiveness of the SVP, Regulatory Relations, Issue Management, Governance, and Reporting. The AVP/VP, Regulatory Issues Risk Manager will leverage expertise in process design, regulatory examination, risk assessment, and stakeholder communications to optimize risk-related frameworks and reporting structures within the Bank. This position requires proven skills in governance, regulatory compliance, risk management, and collaboration across complex organizational structures. The AVP/VP, Regulatory Issues Risk Manager must possess sound judgement and discretion with respect to confidential regulatory needs or any matters of significance.

ESSENTIAL FUNCTIONS

Regulatory Relations:

• Coordinate regulatory exam requirements, ensuring responsiveness and quality of documentary evidence.
• Manage regulatory inquiries, maintaining timely, consistent, and comprehensive responses.
• Maintain detailed documentation and tracking systems for regulatory deliverables.
• Coordinate with internal stakeholders to deliver consistent and coherent responses to regulatory bodies.
• Proactively update senior management on status of regulatory engagements and escalate significant matters effectively.
  Issues Management:
• Oversee and facilitate the Bank's issue management processes by promoting proactive identification, tracking, and remediation of issues.
• Develop and enhance processes and systems for comprehensive issue tracking, monitoring, and reporting.
• Collaborate with internal audit, compliance, and various business lines to ensure timely escalation and resolution.
• Lead root cause analyses for critical issues and ensure actionable remediation occurs in a timely manner.

Governance:

• Manage the organization and preparation of leadership and board-level meeting materials, ensuring accuracy and actionable insights.
• Evaluate and improve governance processes and internal committees, while clarifying roles, authority, and decision-making processes.
• Maintain effective documentation for internal governance forums, managing calendars and business rhythms proactively.

Reporting:

• Engage with stakeholders to implement clear, actionable reporting solutions aligned with data governance standards.
• Deliver monthly and quarterly reporting to regulators, ensuring timely and high-quality submissions.
• Drive the development of issue management reports with sufficient detail to ensure informed and accountable remediation.
• Support topical reporting and scheduling, ensuring reports are insightful and actionable.

Team and Business Support:

• Provide support for department operations as needed.
• Undertake additional strategic and operational activities as directed by the SVP and CRO.

QUALIFICATIONS

Education:

• Bachelor's degree in Business, Finance, Economics, Applied Mathematics, or a related field required.

Experience:

• Minimum of 5 years of direct experience in risk management, regulatory relations, issues management, compliance coordination, and executive-level reporting within financial services.
• Minimum of 5 years of experience managing regulatory examinations, governance structures, and continuous improvement processes.
• Demonstrated expertise in procedural documentation, communication strategies, and stakeholder engagement.

Skills/Ability:

• Expert proficiency with Microsoft Office Suite, SharePoint, Tableau, Visio, and FileNet.
• Strong organizational and analytical skills with demonstrated capability in managing documentation, audits, and regulatory reviews.
• Exceptional written and verbal communication skills, with experience presenting to executive leadership and regulatory bodies.
• Proven project and stakeholder management capabilities, including cross-functional coordination and requirements gathering.
• Ability to multitask effectively, managing multiple deadlines and projects with high attention to detail.
• High degree of professionalism and discretion.
• Proactive, solution-oriented mindset.
• Exceptional organizational and analytical capabilities.
• Comfortable handling sensitive and confidential information.
• Collaborative team player skilled in building partnerships across diverse teams and senior management

OTHER DETAILS

$96K - $122K / 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).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), 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.

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