RISK REPORTING LEADWHAT IS THE OPPORTUNITY?This position, in the Second Line of Defense (2nd LOD), will be responsible for supporting the development and operation of City National Bank's (CNB's) Enterprise Risk Management reporting program. Responsibilities include developing and maintaining CNB's Risk Appetite and bank-wide risk analytics; supporting the establishment of appropriate thresholds for key business metrics; and facilitating the implementation and integration of risk management principles at all levels of the Bank. Performs other duties/projects as needed.What you will do
Develop the quantitative and qualitative methodology and procedures for setting enterprise level Risk Appetite thresholds applicable to the Banks' 2nd line risk functions
Understand, interpret, and present recommendations for action based on a data-driven analysis
Measure and report on bank and business unit risk appetite metrics, and solicit for key measures on the Bank's risk posture
Participate in risk mitigation development to ensure that strategies are in place to maintain risk profile within established limits
Develop and utilize analytical tools and methodologies to support analysis of internal and external risk metrics
Enhance the existing risk reporting processes and generate risk reporting for presentation to senior management committees
Develop and report metrics consistent with bank's Risk Management Framework and risk pyramid, ensuring uniform reporting throughout all 2nd line risk functions
Work with multiple business units to aggregate and analyze data and information
Report on existing and emerging areas of risk, implications of risk appetite and tolerance, and the ability of the risk management and control infrastructure to support business activities
Participate in workshops and lead activities on key business initiatives, ensuring that existing and emerging risks for new products, processes and transformational initiatives are identified. This also includes the annual business strategy review process and assessments
Coordinate with external banking partners, Royal Bank of Canada (RBC) and other managed affiliates to fulfill regulatory reporting requirements
Successfully completes all required training and special projects as requested
Promote a risk-aware culture, ensure efficient and effective risk and compliance management practices by adhering to required standards and processes
Must-Have
Bachelor's Degree or equivalent
Minimum 3 years of experience in banking or consulting
Minimum 5 years of experience in data management and analysis
Skills and Knowledge
Master's preferred
Knowledge of risk management methodologies and financial industry regulations (OCC, FDIC, Fed)
Demonstrated ability to design, develop and produce reporting for senior management
Experience in data management and analysis in Python, Tableau, Appian, Excel and/or SQL
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
CompensationStarting base salary: $92,114 - $156,880 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 qualificationsThe 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 PerksAt 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 NATIONALCity 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 cnb.com.EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATIONCity 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 MOREIf 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) 673-9139. 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.
