VP, Country Risk Program Officer

GENERAL SUMMARY

The VP, Country Risk Program Officer is responsible for supporting the execution of the Country Risk Program (CRP) addressing the bank's country risk. Specifically, this role will support management in the development, maturing and sustainability of the CRP across all businesses and functions through day-to-day management of the underlying country risk analysis and reporting as outlined below. This role ensures that all country risk processes, exposures, analyses, and reporting are effective. This position will collaborate with all stakeholders to further enhance risk management processes and develop new strategies to mitigate country-specific risks.

This position will play a crucial role to oversee the day-to-day program in alignment with the bank's country risk management framework and ensure the related risk assessment processes and reports address required insights to actively monitor country risk.

ESSENTIAL FUNCTIONS

• Under the CRO's leadership and guidance, manage the country risk program day-to-day, including making approved changes to processes and workflows. Oversee implementation tasks such as testing, requirements gathering, and solution design.
• Manage and mature the Country Risk Model, KRIs, Dashboards and Qualitative Reporting. Ensure metrics are designed to measure key risks and control performance. Monitor and report on metric performance and breach remediation. Design and maintain intuitive, accurate, and action-oriented dashboards that deliver valuable insights for data-driven decision-making.
• Work with Data Governance to manage the Country Risk Data Mart, the country risk model and third-party data feeds, relationships and internal sources. Facilitate the Country Risk Working Group. Monitor and tune the model, assess the overlay of bank activities, and work with stakeholders across the Business and Risk functions to adjust the model accordingly.
• Research and produce timely Country Risk updates where the bank has its greatest exposures. Manage Country Risk limits, ensuring they align with the bank's risk appetite. Monitor exposures against these limits and take appropriate action when limits are approached or exceeded. Monitor emerging risks and adjust model inputs and analytics as needed.
• Under the leadership and guidance of the CRO, develop and deliver all Country Risk reporting for Senior Management and the Board. Ensure exposures and breaches are communicated timely. Facilitate threshold and limit setting and breach discussions amongst all relevant stakeholders.

QUALIFICATIONS

Education:

• Bachelor's or Master's degree in Finance, Economics, Risk Management, or a related field preferred.

Experience:

• Minimum of 6+ years of direct or related experience in Market, Credit of Financial Risk Management within a financial institution or a regulatory body.
• Experience in understanding credit exposures, credit quality, the credit default waterfall, and customer due diligence/monitoring in a financial institution.
• Experience managing multiple stakeholders and building collaborative solutions to optimize outcomes. Experience and demonstrated ability to communicate with stakeholders and Senior Management.
• Experience developing, maintaining or advising on policies, procedures and standards in a banking environment.
• Knowledge of foundational country risk factors, including political, economic, and social dynamics.
• Experience conducting research and analysis, quantitative analytics, process improvements, report generation, and issues management. Demonstrable understanding of the use of Key Risk Indicators and metrics designed to measure key risks and control performance.
• Experience working with international teams.

Skills/Ability:

• Solution-driven, confident, highly motivated, and able to work independently.
• Demonstrate intellectual curiosity and a focus on continued learning and skill development.
• Excellent analytical skills with strong attention to detail and accuracy.
• Comfortable using core analytical tools such as excel, python, SQL or SAAS.
• Comfortable with change and adjusting to dynamically changing demands and requirements.
• Exceptional written and verbal communication skills, including experience working directly with technical and non-technical stakeholders.
• Self-initiated, leader able to manage significant workload while keeping stakeholders and Senior Management apprised of findings on a timely basis.
• Ability to communicate in written qualitative memorandum forms as well as articulate the importance of quantitative findings and results through reporting on exposures, thresholds, and limits.
• Ability to design and generate scheduled and ad hoc reports using reporting tools.
• Willingness to learn Country Risk as a risk management discipline.
• Strong communication skills.

OTHER DETAILS

$120K - $150K / 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 believe in diversity, equity, and inclusion in the workplace. 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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