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SalaryOverview:
WHAT IS THE OPPORTUNITY?
Banking and Investment Services Division
Banking and Investment Services plays an integral role in leading the strategic vision and execution of all banking operations. Our servicing and operations professionals partner closely with all of our lines of business to carry out critical functions, including client/deposit servicing, contact center operations, payments processing, and trade and lending operations, while identifying and mitigating risk throughout the organization. Servicing and operations professionals seek to transform and define an integrated support model through automation and cutting-edge digital technologies, to deliver an excellent experience for our clients and businesses.
What you will do
Benefits and Perks
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
RISK MANAGER B&IS
WHAT IS THE OPPORTUNITY?
This position will have responsibility for implementation and ongoing oversight of risk programs and related activities of the assigned department within Banking & Investment Services. Works closely with department management teams to identify and document areas of risk and mitigating controls. Identifies Key Risk Indicators and assists management teams with monitoring and testing of controls. Coordinates Risk and Control Self Assessments, third party risk assessments, fraud control risk assessments, compliance risk assessments, etc., and tracks outstanding items to conclusion. Provides risk management expertise on behalf of assigned department while working with Division Risk Managers and other 2nd line risk partners (to include Operational and Enterprise Risk Management teams, Regulatory Compliance, Business Continuity, IT Risk, Third Party Risk, Corp. Security, etc.). Oversees operational and system audits of assigned department and provides support for regulatory examinations.
Banking and Investment Services Division
Banking and Investment Services plays an integral role in leading the strategic vision and execution of all banking operations. Our servicing and operations professionals partner closely with all of our lines of business to carry out critical functions, including client/deposit servicing, contact center operations, payments processing, and trade and lending operations, while identifying and mitigating risk throughout the organization. Servicing and operations professionals seek to transform and define an integrated support model through automation and cutting-edge digital technologies, to deliver an excellent experience for our clients and businesses.
What you will do
- Perform Operational Risk Management activities include reporting Key Risk Indicators (KRIs), Third-Party Risk Assessments, conducting Risk & Control Self-Assessments (RCSAs), control testing, and development of action plans with tracking of follow-up items, working alongside unit Operations Managers to put preventative measures in place and to ensure policy and procedure documentation is produced and maintained on an ongoing basis.
- Produces risk management reports, monitoring assigned department’s risk profile.
- Works with unit Operations Managers to identify, design, document and implement appropriate controls and process maps, as required.
- Working with various Second and Third Line groups and related partners (Operational Risk Management, Enterprise Risk Management, Third-Party Risk Management, Compliance, Legal, Internal Audit, and more), review and determine when new legislation, regulations or risk management frameworks are applicable to department operations; and work with unit Operations Managers to ensure business units implement necessary policies, processes and procedures to comply therewith.
- Oversees audits and examinations of assigned department. Assists in development of management responses and tracks outstanding items to timely conclusion.
- Coordinates support of assigned department in response to enterprise-wide regulatory findings.
- Assist unit and group managers in documenting, reporting and remediating Self-Identified Audit Issues, Operational Risk Events or other reportable activities as appropriate.
- Serves as risk management advisor in development of new or modified products and new operational processes and procedures. Supports Group Manager’s role on various bank committees, councils and task forces.
- Works in conjunction with Regulatory Compliance, Legal and other departments to research, analyze and provide guidance to management teams on assorted matters such as regulatory and industry operational developments, pending legislative activities and related matters.
- Analyze Access Management status, and report to centralized technology teams on behalf of the department.
- Assists in analyzing risk metrics and performance data gathered from internal sources and creates measures to protect the bank by means of designing or revising workflow processes, updating policies and procedures, adding system enhancements, etc.
- Develop Heightened Standards (HS) deliverables such as Quarterly Risk Review (QRR) documentation, Third-Party Risk Management (TPRM) artifacts, Compliance requirements, and similar.
- Provide guidance on relevant risk and control matters (such as monitoring operational developments and providing updates to appropriate managers, performing reviews, and conducting risk training), and research and prepare for resolution.
Must-Have*
- Bachelor's Degree or equivalent
- Minimum 7 years of risk and control management in a financial or banking institution.
- Minimum 5 years of overall operational experience in a financial institution.
- Minimum 3 years of operational risk management control design, testing, and/or auditing in a financial institution.
- Minimum 2 years of experience in a leadership or project management role.
Skills and Knowledge
- Knowledge of risks associated with banking operations and payment systems as well as industry best practices, with particular focus on development and tracking of Key Risk Indicators (KRIs), Risk and Control Self-Assessments (RCSAs), and control testing.
- Strong knowledge of financial institution regulatory requirements, especially as related to banking operations.
- Understands the importance of relationship building, empathy, and finding common ground with colleagues and partners across the organization.
- Ability to work independently under general direction toward established goals and objectives.
- Ability to interact effectively with all levels of Bank personnel; strong analytical skills; strong project management and organizational skills; excellent verbal and written communication skills; strong presentation skills.
- Strong knowledge of desktop applications such as MS Word, Excel, Access, PowerPoint, etc.
- Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate the issues appropriately.
Compensation
Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
- To be considered for this position you must meet at least these basic qualifications
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to be at the heart of our company today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
