Military Veterans are Encouraged to Apply.
Job Details: REGULATORY RESPONSE SPECIALIST
WHAT IS THE OPPORTUNITY?
Responsible for coordination of end-to-end regulatory activity. This will include assisting and coordinating with business and risk departments for readiness for targeted exams, ongoing supervision, ad hoc requests and follow up. Will work with business and risk units, along with project management office, on written responses to supervisory communication from receipt of Supervisory Letter through remediation and closure. Will raise concerns about observed thematic issues and potential regulatory concerns.
Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National’s Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
WHAT WILL YOU DO?
- Work as a team to lead and facilitate all regulatory examinations, including targeted on-site examinations by regulators with minimal supervision
- Work with business and risk units to oversee and coordinate planning, fieldwork and final responses to external regulators, including but not limited to data requests and responses to exam findings (such as MRA – Matters Requiring Attention, etc)
- Responsible for ensuring responses to regulatory concerns are well informed and appropriately address concerns raised
- Support proactive communication strategies with regulators and provide advice to management on the best approach to regulatory interactions with guidance on best in class presentations, materials and other submissions provided to regulators
- Synthesize regulatory feedback and key thematic findings to senior management, the CRO and key stakeholders to drive awareness of and help anticipate regulatory concerns
- 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
- Assist in scheduling meetings for examiners with senior management and with BU contacts on specific exams or targets
- Responsible for entering and maintaining exam and issue status in the issue management system and reporting as needed
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor’s Degree
- Minimum 5 years of experience working in financial Industry, preferably in a regulatory-facing role
- Minimum 5 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 Corporate Risk teams and enterprise Risk functions
- 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 multi-task productively and to work independently as well as collaboratively
- Experienced in regulatory interaction, project 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 multitask and prioritize several concurrent initiatives.
*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.
Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled