Business Controls Lead

Overview: BUSINESS CONTROLS LEAD WHAT IS THE OPPORTUNITY? 1LOD support responsible to coordinate end-to-end regulatory activity within CNB and the broader Combined US Operations ("CUSO"). This includes coordinating with Regulatory Relations personnel, Line of Business stakeholders, Risk Managers, BCO's and the Governance Risk & Control Program Office ("GRC"), Will work with business and risk units, to help prepare for exams, audits and other regulatory activity. Will be responsible for providing advice and support to business units in all regulatory matters. Will raise concerns about observed thematic issues and potential regulatory concerns. What you will do Work as a team leader within 1LOD to help facilitate all regulatory examinations and audits including targeted on-site examinations by regulators with minimal supervision across CNB and RBC in the US. Responsible for ensuring Line of Business and divisional responses to regulatory concerns are well informed and appropriately address concerns. Provides advice, support, and strategies to Line of Business units on regulatory interactions. Maintain records of all regulatory matters in a centralized location for the coordination of regulatory communications, requests, reporting through RBC channels, and track implementation of remedial response(s) by the Bank. Responsible for entering and maintaining exam and issue status in the B&IS tracking platforms and update reporting as needed. Synthesize regulatory feedback and key thematic findings to review with senior management, and other identified key stakeholders to drive awareness of and help anticipate regulatory concerns. Builds and sustains effective relationships across the enterprise. Must-Have* 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 Skills and Knowledge 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, market, and operational risks. Experience being a part of a Regulatory Relations team for a large US bank. Autonomous, detail oriented and highly motivated with the ability to work independently as well as collaboratively. Experienced in regulatory interaction, interaction with senior management, project and time management, exam 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 the team. Must be able to prioritize work for direct reports. 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 broker/dealer and/or registered investment adviser. For Wealth Management Compliance roles, experience working within a Compliance Investment Management role. 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. *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. ABOUT CITY NATIONAL City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves. *City National Bank does business in Miami and the state of Florida as CN Bank. For more information about City National, visit . EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) . These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

Created: 2024-11-02