COMPLIANCE SPECIALIST SENIOR WEALTH MANAGEMENT
WHAT IS THE OPPORTUNITY
The Compliance Specialist establishes and implements an effective compliance program to ensure regulatory compliance for Wealth Management products. Responsible for monitoring discovering interpreting enhancing updating developing tracking and implementing pertinent and effective compliance policies and procedures related to operations initiatives within the internal and external compliance environment.
WHAT WILL YOU DO
Monitors analyzes and escalates issues and concerns related to client activity with an emphasis on Volcker issues identification utilizing sound and current compliance industry standards and practices for Volckerprogram foundations.
Functions as an internal consultant to colleagues throughout City National Bank CNB related to operational compliance issues and concerns utilizing their internal and external organizational agility to ascertain and deliver sound interpretation and advice.
Works within the framework of the established CNS WM Compliance Testing Program. Acts as tracking and reporting agent for the Program to include results in progress future scheduling and open items. This responsibility would include performing their own assigned testing as well as Continuing Education tracking of WM as a whole.
Functions as a conduit for identifying and recommending improvements to existing internal operational compliance policy and procedure while recognizing opportunities for enhancement within the full scope of CNBs compliance foundation.
Oversight of Retail Non-DepositRegulation R activities bank investment management and ERISA.
WHAT DO YOU NEED TO SUCCEED
Required Qualifications
Bachelors Degree or equivalent
Minimum 5 years of experience with bank operations andor compliance operations
Minimum 5 years of experience with risk management andor Compliance policies and procedures
Additional Qualifications
A FINRA Series 7 andor 24 is highly desirable
Demonstrated comprehensive knowledge in branch operations client relationship and risk management with a strong working knowledge of bank back office processes and systems required.
Thorough understanding of applicable laws and banking regulations required.
Proven leadership skills mixed with a propensity towards strong organization and time management skills required.
Must possess the ability to recognize and communicate enhancement opportunities along with developing creative and sound solutions within assigned duties.
Excellent oral and written communication skills with all levels of management required.
Computer proficiency in Microsoft applications of Outlook Word Excel PowerPoint Access and Project required.
Experience communicating and interacting with regulatory agencies including exam management and other regulatory affairs.
For Banking Compliance related roles Certified Compliance Risk Manager CRCM.
For Wealth Management Compliance roles experience with a financial institution such as a brokerdealer andor registered investment adviser.
For Wealth Management Compliance roles experience working within a Compliance Investment Management role.
WHATS IN IT FOR YOU
Compensation
Starting base salary 85000 - 145000 per year for the NYC location. 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.