Business Controls Lead - Corporate Functions-Vendors & Applications WHAT IS THE OPPORTUNITY? Corporate Functions 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 Corporate Functions 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 Corporate Functions managers and 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 Corporate Functions Risk 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
- Adhere to a consistent approach in executing key program components for all operational risks, including Risk and Control Self Assessments (RCSA's), Key Risk Indicators (KRI's), Issue Management and Operational Losses.
- Ensure business/strategic plans are consistent with the Risk Appetite Framework and organizations KRI's and KPI's.
- Builds and sustains effective relationships across the enterprise.
- Stays abreast on specific reporting standards, department reporting requirements and bank changes/enhancements.
- 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 open/closed issues to owners and leadership.
Applications - Partner with business and technical owners of applications to manage appropriately by understanding the technical requirements, business needs, and impacts
- Understand the Application Risk Assessment program and advise the business and technical owners through the process
Monitor Software and Hardware End of Life (EOL) and Technology Lifecycle Plans (TLPs) impacting the business and work with the business for successful and timely resolution
- Partner with the business to identify and remediate application related issues, including working with Technology partners, as necessary
Vendors - Partner with vendor relationship owners and Vendor Management Office (VMO) during onboarding and completing required risk assessments
- Understand vendor metrics and working with the relationship owner and VMO for a path to green, as needed
- Partner with the business to identify and remediate vendor related issues, including working with VMO and Third-Party Risk Management (TPRM), as necessary
Business Continuity - Partner with the business to understand Business Impact Analyses (BIA), results of business continuity exercises, critical application status and remediation efforts, as needed
WHAT DO YOU NEED TO SUCCEED? Required Qualifications - Bachelor's 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 and/or risk management activities
Additional Qualifications - Minimum 3 years of operational risk management control design, testing, and/or 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.
WHAT'S IN IT FOR YOU? Compensation Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or 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 401(k) 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 we've 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 America's 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. accepts applications on an ongoing basis, until filled.
