Military Veterans are Encouraged to Apply.
Job Details: RISK OFFICER BSA
WHAT IS THE OPPORTUNITY?
Responsible for the development, implementation, management, maintenance and enhancement of the Bank’s BSA risk assessment program under the guidance of the BSA Risk Manager. As directed by the BSA Risk Manager, further responsible for the periodic BSA internal controls testing program. Responsible for monitoring, analyzing, and escalating issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act components of the Bank’s BSA Program while utilizing sound and current compliance industry standards and practices. Develops new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide. Plays a key role as an internal consultant to colleagues throughout the organization related to BSA, AML, OFAC and the USA PATRIOT Act. Responsible for building and maintaining relationships with internal and external customers while providing exemplary customer service.
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?
- Develops and conducts compliance monitoring, risk assessments, and internal controls testing to ensure that there are adequate processes, procedures and internal controls to promote an effective BSA/OFAC control environment, under the guidance of the BSA Risk Manager. Prioritizes focus toward areas identified as having the highest levels of risk to the company.
- Assists in conducting the annual BSA/OFAC Enterprise Risk Assessment in order to assess the Bank’s risk profile and to identify compliance gaps, potential risk exposure and emerging risks.
- Performs scheduled and periodic testing/monitoring of overall business processes and controls related to the implementation and management of the bank’s BSA/OFAC Compliance Program
- Works directly with business units and support management as a consultant in BSA/OFAC compliance inquiries/issues.
- Identifies, develops and/or collaborates in the development of BSA, AML, OFAC and the USA PATRIOT Act training on behalf of internal and/or external departments by partnering with business areas under the supervision of the BSA Officer or BSA Risk Manager and the Compliance Training Manager.
- Analyzes and evaluates compliance risks and recommends changes to policies, procedures, and processes to reasonably ensure risk-based and appropriate controls are instigated and maintained.
- Develops new and/or updates policy and procedures related to BSA, AML, OFAC and the USA PATRIOT Act Bank wide. Also, partners with business units for the development of departmental policy and procedures.
- Partners with business units to remediate BSA, AML, OFAC and the USA PATRIOT Act compliance findings identified in risk assessments, testing, internal audits and/or regulatory examinations.
- Performs daily activities of assigned functional area; prioritizing; completing multiple activities; resolves problems as they arise.
- Ensures activities are in compliance with legal/regulatory requirements and CNB policy and procedure.
- Communicates and escalates (as assigned) identified BSA, AML, OFAC and USA PATRIOT Act operational concerns to the appropriate level of management.
- Maintains up-to-date trackers for monitoring until resolution, regulatory issuances, and other BSA/OFAC-related projects. Conducts analysis on items that include, but not limited to, regulatory issuances, products/services, technology projects, and vendor engagements, to identify BSA/OFAC impact and/or risk exposure and recommend appropriate mitigants/controls.
- Maintains up-to-date Issues Trackers for monitoring until resolution, issues identified from risk assessments, testing and OCC regulatory examination issues. Conducts analysis on documentation submitted by remediation plan owners to determine and recommend closure of issues and/or alternative/additional action(s).
- Integrates activities with other departments to accomplish common goals.
- Maintains up-to-date knowledge of BSA/OFAC regulations, Bank policies, procedures and industry best practices.
- Participates in and completes bank-wide projects.
- Serves as resource (as needed) to internal customers; ensures quality customer service and effective and efficient operational support.
- Applies both technical and general business knowledge to resolve the most complex issues in assigned function.
- Performs other duties as assigned or requested.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor’s Degree
- Minimum 5 years of experience in Compliance or Audit with BSA focus required.
- Minimum 2 years of experience in development, implementation, management, maintenance, enhancement or testing of BSA risk assessments required.
- Minimum 2 years of experience in testing, monitoring, or analyzing issues and concerns related to BSA, AML, OFAC and the USA PATRIOT Act required.
Skills and Knowledge
- BS degree with designation in business or finance or equivalent experience is preferred.
- Regulatory experience preferred.
- Reliable attention to detail, and organization/time management skills
- Highly motivated and self-starter. Ability to perform functional duties and related positions with minimal supervision.
- Ability to interact effectively with all levels of Bank personnel and customers.
- Excellent verbal and written communication skills.
- Excellent interpersonal/customer service skills.
- Knowledge of regulatory requirements with specific emphasis on BSA, AML, OFAC and USA PATRIOT Act, and general bank policies and procedures.
- PC skills required, including at least moderate to preferably advanced skills utilizing Microsoft Applications such as but not limited to, Word, Excel, PowerPoint, Access, Project, Visio, etc.
- Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues appropriately.
- Ability to handle problem situations with colleagues and clients effectively.
*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.
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