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City National Bank
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Jobs//Hybrid//Los Angeles, CA//Operations//

Sr. Compliance Operations Specialist

Sorry, this job was removed at 11:43 p.m. (CST) on Thursday, December 9, 2021
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COMPLIANCE OPERATIONS SPECIALIST SENIOR


WHAT IS THE OPPORTUNITY?



This position is responsible for providing day-to-day compliance operations support. Key responsibilities are the timely and accurate processing of compliance and legal order documentation. Represents the department to both internal and external clients, attorneys and regulatory agencies to interpret and explain policies and procedures, respond to inquiries, requests and to resolve problems.


Banking and Investment Services Division
As a member of City National's Banking & Investment Services group, you will be part of the essential central operations and back-end hub for all of the bank's lines of business.


WHAT WILL YOU DO?



  • Responsible for Subpoena processing which includes conducting research on bank systems to determine the applicable production of clients records, sending subpoena notifications to clients and/or business units, interacting with attorneys and regulatory agencies to determine and negotiate the production and due dates of records, requesting ,reviewing and mailing of the production of records.
  • Responsible for processing various types of Legal Processes which includes conducting research on bank records based on information provided on the legal order and determining accounts applicable to the order, holding and remitting clients funds and/or property to the respective agency.
  • Responsible for processing Currency Transaction reports which includes researching, verifying and evaluating transactions to determine if a currency transaction report is warranted to comply with The Financial Crimes Enforcement Network (FinCEN) regulatory requirements.
  • Responsible for reviewing and approving various transactions that alert due to Office of Foreign Assets Control OFAC.
  • Responsible for processing Reg D-Money Market/Savings Account monitoring reports. .Activating dormant/escheat suspect accounts.
  • Conducting daily review of nonsufficient funds (NSF) items for attorney-client trust accounts and notifying the State Bar, if applicable.
  • Processing of Forms W-9, processing U.S. Department of the Treasury check reclamations, invoking and releasing IRS backup withholding on deposit accounts and monitoring IRS B and C notices.
  • TEFRA balancing, remitting interest on IOLTA accounts to various State Bars, processing missing TIN report
  • Escheat process which includes reporting and remittance of unclaimed property to their respective States
  • Assisting with the mailing and corrections of year-end 1098/1099, B-notices mailing.


WHAT DO YOU NEED TO SUCCEED

Must-Have*

  • H.S. Diploma
  • Minimum 2 year of compliance or banking operations experience required.
  • Minimum 2 year of general office or accounting experience required.

Skills and Knowledge

  • Must be able to work accurate and effectively in a fast-paced, ability to multi-task, deadline-oriented environment.
  • Exercise good judgment and making decisions that impact client accounts and City National Bank operations.
  • Candidate must comply with Bank policies and procedures as well as BSA, OFAC and applicable regulatory requirements.
  • Great knowledge of Bank Secrecy ACT (BSA), OFAC and other regulatory requirements.
  • Knowledge in processing Currency Transaction reports, Legal Processes, Subpoenas, OFAC and/or general understanding of compliance related functions.
  • Great quality of work, quantity of work, job knowledge, customer service, problem solving, ability to work independently and initiative to take on new assignments, compliance and dependability.
  • Knowledge in reviewing and approving OFAC transactions and alerts, good understanding of compliance related functions.



*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.


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Prateechi Singh
Data Scientist
TACKLE CHALLENGES
Latitude to shake up a global industry
Prateechi Singh appreciates that City National gives her and her peers space to spark innovation in a way that feels like a startup within the company. “My job requires me to be an investigator,” she said. “There is so much to work on, so much to learn. That’s what makes fintech exciting for me.” While she notes that the banking sector can be slow to adapt to change, Singh said the opportunity to tackle challenges from scratch and figure out how to evolve alongside new technologies like cryptocurrencies is invigorating.
Prateechi Singh appreciates that City National gives her and her peers space to spark innovation in a way that feels like a startup within the company. “My job requires me to be an investigator,” she said. “There is so much to work on, so much to learn. That’s what makes fintech exciting for me.” While she notes that the banking sector can be slow to adapt to change, Singh said the opportunity to tackle challenges from scratch and figure out how to evolve alongside new technologies like cryptocurrencies is invigorating.
My team is very passionate about what we do, and I feel this is the key to success for any project. We try to solve hard problems.
Srikant Vavilapalli
Senior Software Development Manager
WORK HARD, THEN RELAX
A focus on work-life balance
Srikant Vavilapalli said City National Bank’s remote culture is defined by a palpable level of trust between teammates. “We foster open dialogue, which enables me to share expectations and deliverables with my team so that they can execute on time,” he said. Yet this common sense of respect doesn’t just make Vavilapalli’s team more efficient. It also empowers team members to set flexible working schedules. For Vavilapalli, that means he has more time to bond with his daughter or focus on his hobbies, such as cycling and photography.
Srikant Vavilapalli said City National Bank’s remote culture is defined by a palpable level of trust between teammates. “We foster open dialogue, which enables me to share expectations and deliverables with my team so that they can execute on time,” he said. Yet this common sense of respect doesn’t just make Vavilapalli’s team more efficient. It also empowers team members to set flexible working schedules. For Vavilapalli, that means he has more time to bond with his daughter or focus on his hobbies, such as cycling and photography.
I appreciate that our leaders make it a priority to encourage us to take breaks and step away from our desks during the day.
Marj Galapon
Lead Full-Stack Engineer
EVOLVE + INNOVATE
Collaborate with peers and drive progress
A mix of teamwork, autonomy and flexibility offers the perfect environment for Marj Galapon. She appreciates no-meeting Fridays, which allow time to learn something new, and the flexibility to work remotely — even before the pandemic — to avoid spending hours commuting. But perhaps the most transformative element of the engineering culture is the focus on continuous improvement. “We are encouraged to learn new technologies and challenge each other, which motivates us to do better every time,” she said. “City National recognizes all who strive to do their best.”
A mix of teamwork, autonomy and flexibility offers the perfect environment for Marj Galapon. She appreciates no-meeting Fridays, which allow time to learn something new, and the flexibility to work remotely — even before the pandemic — to avoid spending hours commuting. But perhaps the most transformative element of the engineering culture is the focus on continuous improvement. “We are encouraged to learn new technologies and challenge each other, which motivates us to do better every time,” she said. “City National recognizes all who strive to do their best.”
Sometimes I am successful; sometimes I fail — but failure does not stop me from experimenting with new things.

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
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
Generous parental leave
Family medical leave
Adoption Assistance
Vacation + Time Off
Paid volunteer time
Paid holidays
Paid sick days
Professional Development
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
View full list of perks + benefits
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