Division Risk Manager/ VP

DIVISION RISK MANAGER/ VP

WHAT IS THE OPPORTUNITY?

Reporting to the WM & Private Banking Division Risk Head, this position is responsible for the development and recommendations of risk metrics for Wealth Management & Private Banking. Develop and use established metrics to build appropriate testing to measure and report results. Execute risk assessments for broker dealer, registered investment advisory, trust department and private banking activities. This includes both non-deposit and insured deposit activities and multiple regulatory agency requirements including the OCC, SEC and FINRA. Serve as a risk resource to support the LOB’s and 2nd line support functions including but not limited to, Operational Risk, Business Continuity, IT Risk, Vendor Risk, Corp. Security, Compliance, Internal Audit, etc. The WM & Private Banking Risk Manager is responsible for the ongoing development and expansion of the risk assessment and testing programs to ensure key risks are captured, measured and tested accordingly. Assist in the preparation of materials and presentations to1st LOB executives detailing results of their units risk results.

WHAT WILL YOU DO?

  • Work collaboratively within the first LOB’s and with second line of defense teams to coordinate risk management and testing activities.
  • Act as subject matter expert for the activities performed in the division and their associated risk exposures.
  • Execute risk assessment programs (e.g. Risk Control Self Assessments, Business Impact Assessments, Vendor Risk Assessments, New Applications) to identify and quantify the risks and their associated controls in the division.
  • Establish processes to test and report on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded etc.)
  • Provide recommendations to remediate risk exceptions and assist with the implementation of remediation plans.
  • Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line risk management functions.
  • Develop trend analysis of testing results to help identify key processes, policies and/or practices to ensure corrective action is taken.
  • Ensure appropriate colleagues in the division are trained on the applicable risk management practices, reporting, etc.
  • Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit.
  • Interface with Internal Audit and Regulators as necessary to help support the WM & Private Banking activities.
  • Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
  • All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.

WHAT DO YOU NEED TO SUCCEED

Must-Have*

  • Bachelor’s Degree
  • Minimum 5 years of experience in risk management, compliance or internal audit in a banking or lending environment
  • Minimum of 5 years conducting risk or compliance testing programs
  • Minimum 5 years in the financial services industry
  • Minimum 1 year of presentation experience to senior management preferred.
  • Extensive experience implementing OCC’s Heightened Standards at a large financial institution is a must.

Skills and Knowledge

  • Knowledge of compliance and risk management practices
  • Sound knowledge of project management practices
  • Business maturity level and skill/judgment to be able to deal effectively with leadership team members within the Division as well as enterprise wide as required
  • Effective presentation and communication (verbal and written) skills
  • Two years – Previous presentation experience to senior management
  • 5 years – Provide strategic insights and recommendations
  • Ability to impact and influence all levels in the organization
  • Solid problem solving, analytical (including qualitative analysis), research, and quantitative skills
  • Proficient in Microsoft Office Product Suite, SharePoint

Compensation

Starting base salary: $111,408 – $189,738 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
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

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 drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

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