Albert Lau

About Albert Lau

Risk management professional who believes that risk management should be a strategic function and not an administrative function; such as embedding risk governance and controls within department policies and procedures with delegated risk limits, the consistent reporting and classification of risks, and the standardization and reporting of cumulative risks to enable Executive Management and the Board of Directors to make informed strategic decisions based on the company’s current control and risk environment.

Experience

1. Deputy Chief Risk Officer

   East West Bank

   Mar 2016 — Present

   Responsible for helping encourage and maintain the company’s risk management culture, align the Enterprise Risk Management (ERM) function to be risk-based and flexible in line with the company’s entrepreneurial and opportunistic culture, initiated the company’s entitywide risk assessment process from a “top-down” to a “bottoms-up” approach, transformed and re-engineered the Model Risk Management and Third-Party Risk Management functions, acted as the regulatory liaison for the bank and our provisional regulators. Areas of expertise include corporate risk governance, risk assessments, Sarbanes-Oxley, COSO, banking regulations, risk rationalization, and balancing risk vs. reward.

Education

• UC Irvine

  Masters of Business Administration, Accounting

• UCLA

  Bachelor of Arts - BA, Economics

Skills

• Auditing
• Corporate Finance
• Financial Analysis
• IT Audit
• Credit Analysis
• Financial Risk
• Enterprise Risk Management
• Sarbanes-Oxley Act
• Banking
• Us Gaap
• Risk Management
• Internal Controls
• Commercial Banking
• Operational Risk Management
• Internal Audit