City National Bank
City National Bank proudly offers services, tools and technology that put our people and communities first.
Hybrid

Credit/Deposit Compliance Risk Manager

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CREDIT/DEPOSIT COMPLIANCE RISK MANAGER


WHAT IS THE OPPORTUNITY?



Reporting to the WM and Private Banking Division Risk Head, this position is responsible for the development, recommendation, implementation, tracking and reporting of City National Bank's risk management programs within the division to ensure limited risk exposure. Leads and executes the risk assessment programs including identification of key risks and their mitigating controls. Provides risk expertise while working with the business and other 2nd line risk partners (to include Operational Risk, Business Continuity, IT Risk, Vendor Risk, Corp. Security, Compliance, etc.) to assess risk exposures and control adequacy. Develops monthly and quarterly reporting for management to assess risk proactively, this includes among other things, the preparation of Quarterly Risk Reports, execution of risk based control testing and assistance with internal audits and regulatory examinations. This position is also responsible for the continued maturation and improvement of the risk management practices and execution of these practices within their Division.


Wealth Management Division: City National Rochdale
As a member of City National Rochdale, the company's Wealth Management group, you will provide white-glove service focused on intelligently personalized portfolio management for high-net-worth individuals, families, and institutions. For 30 years, City National Rochdale has helped clients achieve their goals, operating as a nimble, responsive, local boutique investment firm.




WHAT WILL YOU DO?



  • Work collaboratively within the division and with second line of defense teams to coordinate risk management and measurement activity.
  • Act as subject matter expert deposit activities within the division that impact compliance, risk and profitability. Lead Deposit Risk team to ensure all risk are captured, monitored and reported accordingly. This includes the development of control testing and monitoring. Additionally, develop and train staff on an ongoing basis.
  • 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.)
  • Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line risk management functions.
  • Provide insight and supporting data to assess scenario impact assessments (e.g. a Business Continuity Assessment, Risk Analysis of deposit activities and strength of controls)
  • Investigates large or repetitive loss events impacting the division to assess for potential systemic weaknesses and to ensure appropriate corrective action is taken.
  • Perform periodic access reviews to key IT systems for colleagues in the business unit.
  • Ensure appropriate colleagues in 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.
  • 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 7 years of operational experience, with at least 5 years of experience in the financial services sector
  • Minimum 7 years of experience in risk management or compliance in a banking or lending environment
  • Minimum 5 years' experience in a Project Management or leadership role

Skills and Knowledge

  • Prefer 7+ years in the banking industry, with deposit risk and compliance background
  • 5 years of management supervisory experience.
  • Experience building and developing deposit risk management programs
  • Knowledge of risk management practices and regulations
  • 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
  • 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



*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.


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.

 

City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.

#ca-vl.

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What are City National Bank Perks + Benefits

City National Bank Benefits Overview

We strive to be the best at whatever we do, and that includes the benefits and perks we offer our colleagues.
We understand that colleagues have different needs. As a result, we look to offer a holistic program to support and address physical, emotional, financial and social needs.

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Our 11 Colleague Resource Groups (CRGs) help colleagues deepen their relationships and knowledge at work, encouraging more people to connect, learn and celebrate with each other.
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
FSAs allow colleagues to set aside pretax dollars to help pay for medical and/or dependent day care expenses.
Disability insurance
Coverage generally begins the first day of the month following hire date. Short- and long-term disability benefits are available to colleagues to assist with periods of injury or illness.
Dental insurance
Preventive care as well as basic and major dental services are provided through either a preferred provider plan (PPO) or a dental maintenance plan (DHMO).
Vision insurance
Coverage is available for vision exams, contact lenses, glasses and frames.
Health insurance
Coverage generally begins on the first day of the month following employment, and colleagues are able to cover spouses, domestic partners and/or dependent children.
Life insurance
When you become eligible for CNB Benefits, the company will provide you with basic life insurance equal to 1½ times your annual base salary, up to a maximum of $100,000 of coverage – at no cost to
Wellness programs
Enjoy access to a wide range of health tools and resources, including health screenings, coaching and/or fitness challenges – all kept confidential and secure.
Financial & Retirement
401(K)
401(K) matching
Pretax and Roth 401(k) - the company matches 75% of the first six percent of eligible pay a colleague contributes each pay period. Match dollars are immediately vested.
Performance bonus
Some positions may be eligible for bonus and/or commissions.
Child Care & Parental Leave Benefits
Generous parental leave
Family medical leave
Adoption Assistance
Vacation & Time Off Benefits
Paid volunteer time
Paid holidays
Paid sick days
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education available during work hours
Customized development tracks
Paid industry certifications

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