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AVP, Compliance Monitoring Officer

Chinatown, Los Angeles, CA, USA Req #583
Tuesday, July 2, 2019
About Cathay Bank

More than half a century ago, we opened our doors at Cathay Bank to serve the growing Chinese American community in Los Angeles. We helped our customers put down new roots with cars and homes, and we supported their businesses, which continue to sustain generations. We remain committed to enriching the journeys of our customers and the diverse communities we serve.

Over time, we’ve expanded along with our customers. Today, we’re a subsidiary of Cathay General Bancorp (NASDAQ: CATY), a publicly held bank holding company. We operate in nine states across the United States, including California, New York, Illinois, Washington, Texas, Maryland, Massachusetts, Nevada, and New Jersey, and we have outposts in Hong Kong, Beijing, Shanghai and Taipei. Forbes named us the #10 Best Bank in America in 2019.

Along with our extensive experience and innovative thinking, we bring an open mind to every interaction and a willingness to work with customers and communities in ways that best suit their needs. Our lines of business include personal banking, home mortgages, business banking, corporate
lending, cash management, SBA loan programs, community lending, international banking, foreign exchange, and wealth management.

What’s Next

Are you passionate about a potential career in the financial services industry? Cathay Bank is excited about what’s to come for our company and customers. Our employees are the reason our customers can get where they want to go and aspire to what’s next.

If you bring your best self to work, see opportunities instead of obstacles, and always want to advance in your career, then Cathay Bank may be a great fit for you. We’re excited to offer our employees opportunities to grow and develop in their career journey. We also provide the resources, support and freedom so that employees can best deliver an extraordinary customer experience.

Join Cathay Bank—and be energized by what’s possible for your career!


Primarily responsible for supporting the Bank’s compliance monitoring program. The AVP, Compliance Monitoring Officer monitors changes in applicable laws and regulations, performs compliance testing (transactional and process reviews), and prepares reports for the Compliance Monitoring Manager regarding observations, findings, and regulatory violations. The AVP, Compliance Monitoring Officer is responsible for assisting the Compliance Monitoring Manager in performing the Compliance Risk Assessment and related Compliance monitoring program and monitoring schedule, as well as working with the Deposit and Credit Compliance Officers to support compliance initiatives within the various lines of business and support functions throughout the Bank.


1. Review departmental compliance activities and operational processes to determine whether enhancements are necessary to mitigate compliance risk and ensure the Bank’s compliance with applicable state and federal regulations, laws, and policies. 
2. Complete an average of 4 or more regulatory compliance reviews quarterly as assigned by the Compliance Monitoring Manager.
3. Maintain sufficient work papers to support compliance monitoring results or findings.
4. Prepare clear and concise written compliance monitoring reports that identify the “root cause” of regulatory violations or Bank policies/procedures.
5. Communicate with department managers (all levels) to discuss findings and provide recommendations for corrective action.
6. Conduct follow-up reviews of corrective action taken by management to address previously reported regulatory, audit, or compliance review findings.
7. Assist with the development, scoping and prioritization of the Bank’s compliance monitoring calendar.
8. Identify appropriate compliance monitoring resources to ensure completion of the Compliance Monitoring schedule, including resources in the Compliance Department, or within business units, or third-party service providers.
9. Maintain up-to-date knowledge of the state, federal, and other regulations that affect the Bank.
10. Assist with the completion of the Compliance Risk Assessment.
11. Assist in completing special projects as assigned by the Compliance Monitoring Manager. 


Education:    Bachelor’s degree preferred.  
Experience:  3-5 years compliance audit and/or monitoring experience in a banking environment.  Relevant banking experience and related compliance training required.
Skills/Ability: Strong project management skills. Strong working knowledge and understanding of state and federal regulations for banks, with an emphasis on deposit or credit compliance regulations. Working knowledge and experience in compliance monitoring/auditing techniques and work program development. Detail-oriented and self-motivated. Strong organizational skills. Ability to communicate clearly, verbally and in writing with all personnel levels within the Bank, regulatory examiners, or third-party consultants. Strong background in HMDA reporting requirements, Fair Lending laws and regulations, the Truth-In-Lending Act, the Real Estate Settlement Procedures Act, including mortgage origination documentation, the requirements of the Flood regulations, and new account requirements. Demonstrated knowledge of deposit compliance, such as Reg CC, Reg DD, Reg E, and Reg D. Ability to analyze compliance risk using best practice methods and risk management principles. Ability to work independently in a fast paced and multi-tasking environment. Excellent problem-solving skills and ability to work within tight time constraints. Proficient PC skills and with Microsoft Office programs. Professional certification (or in process) such as, CRCM, CBA, CIA, or CFSA is preferred.


Complete training required by the Bank or to maintain professional certifications.
Participate in compliance training programs as directed by the Chief Compliance Officer to pursue compliance certification through American Bankers Association or Institute of Certified Bankers.
Cathay Bank is an equal opportunity employer. It is the Bank’s policy to provide equal employment opportunities to all qualified applicants. Qualified applicants will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin or any other classification protected by applicable federal, state or local non-discrimination law. 

Click here to view the EEO is the Law poster in English. Poster- English
Click here to view the EEO is the Law supplement in English.Supplement- English

Clic aquí para ver la EEO es la Ley póster en español. Poster- Spanish
Clic aquí para ver la EEO es la Ley suplemento en español.Supplement- Spanish

点击这里查看EEO是法律海报的中文Poster- Chinese
点击这里查看EEO是法律和补充條例的中文"Supplement- Chinese

Other details

  • Pay Type Salary
  • Chinatown, Los Angeles, CA, USA