BUSINESS CONTROLS LEAD
WHAT IS THE OPPORTUNITY
1LOD operational risk support responsible for ongoing day to day risk activities. The primary responsibility for this role is identifying assessing monitoring and reporting all key risks. Assists operations managers with monitoring of business risks and controls. Coordinates Risk Registers to support the overall Risk and Control Self-Assessment. Will work with business partners and risk units to help prepare for testing audits and other related risk activities. Provides risk management expertise while working with operations 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.. Also responsible for promoting risk awareness within their own Business Unit.
WHAT WILL YOU DO
Works with unit Operations Managers to identify design document and implement appropriate controls within the organization.
Act as subject matter expert for the activities performed in the respective division and their associated risk exposures.
Provides advice support and strategies to Line of Business units on regulatory interactions as applicable
Build cooordinate and lead monthly risk working groups to show thematic trends themes testing and audit updates and business needs regarding risk program maturity in conjunction with key objectives.
Adhere to a consistent approach in executing key program components for all operational risks including Risk and Control Self Assessments RCSAs Key Risk Indicators KRIs Issue Management and Operational Losses.
Ensure businessstrategic plans are consistent with the Risk Appetite Framework and organizations KRIs and KPIs.
Builds and sustains effective relationships across the enterprise.
Stays abreast on specific reporting standards department reporting requirements and bank changesenhancements.
Provide guidance and leadership on relevant risk and control matters such as monitoring operational developments and providing updates to appropriate managers and research and prepare for resolution
Coordinate the completion of issues and action plans and providing status updates of openclosed issues to owners and leadership
WHAT DO YOU NEED TO SUCCEED
Required Qualifications
Bachelors Degree or equivalent
Minimum 6-8 years of experience working in financial Industry preferably in a regulatory-facing role
Minimum 6-8 years of experience in banking operations compliance andor risk management activities
Additional Qualifications
Minimum 3 years of operational risk management control design testing andor auditing in a financial institution.
Minimum 3 years of Advanced level experience in Microsoft Office including Word Excel Access and PowerPoint
Strong interpersonal influencing and communications skills with an ability to interact effectively with stakeholders and regulators as well as effectively building relationships within the Bank.
Exceptional writing skills with ability to synthesize complex concepts and translate into effective presentations to external regulators and Senior Executives.
Working knowledge in a broad range of risk management disciplines including credit financial supply chain market and operational risks.
Autonomous detail oriented and highly motivated with the ability to work independently as well as collaboratively.
Experienced in interaction with senior management project and time management and issue management with excellent organizational follow-up and time management skills.
Demonstrated ability to think critically and facilitate change through collaborative effort. Strong interpersonal verbal and written communication skills.
Self-motivation discipline task focus the ability to structure and present work and a proven record of delivering high quality results within strict deadlines.
Must have the ability to work on multiple projects simultaneously and prioritize several concurrent initiatives both individually and for leadership.
WHATS IN IT FOR YOU
Compensation
Starting base salary 77000 - 143000 per year. Exact compensation may vary based on skills experience and location. This job is eligible for bonus andor commissions.
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 including
Comprehensive healthcare coverage including Medical Dental and Vision plans available the first of the month following start date
Generous 401k company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation sick and volunteer time
Specialized health and family planning benefits including fertility benefits and cancer diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one weve always gone further than the competition to help our clients colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada one of North Americas leading diversified financial services companies. To learn more about City National and our dynamic company culture visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race color religion sexual orientation gender identity national origin disability veteran status or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Represents basic qualifications for the position. To be considered for this position you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis until filled.
Unless otherwise indicated as fully remote reporting into a designated City National location is an essential function of the job.