What are the responsibilities and job description for the Risk Analyst position at Cathay Bank - Headquarters?
Risk Analyst
El Monte, CA, USA Req #2502
Wednesday, December 18, 2024
People Drive Our Success
Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank - we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
Apply today!
What our team members are saying :
Video Clip 1
Video Clip 2
Video Clip 3
Learn more about us at cathaybank.com
GENERAL SUMMARY
Incumbent is responsible for operating quantitative and analytical models and applications in support of the Bank's financial risk management and operational efforts. The position will primarily assist reporting in the areas related to stress testing and the estimation of the allowance for credit loss under CECL. Additional responsibilities may include assisting in regulatory testing or developing various analytical models as directed by Senior Management.
ESSENTIAL FUNCTIONS
- Performs quarterly allowance for credit loss calculation and other scheduled stress tests (i.e., asset quality, country risk). Suggests improvements to processes and enhancements to both qualitative and quantitative factors.
- Conducts analysis to provide management with insights on portfolio performance and risk thresholds.
- Regularly prepares and presents decks of model and backtesting results to Senior Management.
- Makes constant updates to model documentation to standards consistent with regulatory expectations and internal standards.
- Assists in validation efforts and audits of internally developed models.
QUALIFICATIONS
OTHER DETAILS
26.44 - $33.65 / hour
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).
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 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.
Click here to view the "Know Your Rights : Workplace Discrimination is Illegal" Poster :
Poster- English
Poster- Spanish
Poster- Chinese Traditional
Poster- Chinese Simplified
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.
Apply Now
Share this job :
Salary : $26 - $34
