MANAGER RISK MANAGERS 1LOD
WHAT IS THE OPPORTUNITY?
Position will manage Risk Managers who perform risk activities in coordination with key Division leaders.
The primary responsibility is managing and ensuring Risk Managers identify, assess, monitor, and report all risks related to the assigned Division to ensure limited risk exposure; and timely escalation of risk issues to the respective Division Executives, Management teams and the1LOD Group Risk & Compliance Manager as applicable.
Provides risk expertise while working with the business(s) and other risk program SMEs to assess risk exposures and control adequacy.
The Risk Manager will work with all lines of defense and Discipline Managers to ensure alignment and adherence of the bank’s Risk Management Framework and compliance with Heightened Standard requirements.
Will assist the 1st LOD Group Risk and Compliance Managers in the coordination and preparation of all reporting and documentation.
WHAT WILL YOU DO?
- Manage all risk activities across the covered Divisions to ensure material/key risks are identified, escalated, managed and remediated timely; act as central point of contact for the Risk Managers by working with with Discipline Managers in defining risk and compliance programs in the OOTP Risk & Compliance team.
- Oversee development of actionable risk management dashboards for the respective business line to include key risk indicators (leverage existing and develop new as needed); ensure alignment of management reports within business line risk reports.
- Oversee performance of annual Business Continuity Planning (BCP) tasks.
- Oversee and review draft Quarterly Risk Reports for the covered Division Risk Committee.
- Manage a group of Risk Managers who conducts key risk activities, Provide coaching and training as needed
- Lead investigate large or repetitive loss events impacting the Division to assess for potential systemic weaknesses and ensure appropriate corrective action is taken.
- Provide guidance and performance manage Risk Managers and Analysts for the covered Divisions
- Ensure business/strategic plans are consistent with the Risk Appetite Framework and Division Risk Limits
- Build and manage Reputation and Strategic risk programs to ensure all risk managers implement within their divisions
- Act as subject matter expert for the activities performed in the covered divisions and their associated risk exposures.
- Working with the Change Management Office, implement effective change management process and ensure completion of appropriate risk assessments for various change activities
- Promotes risk awareness throughout the covered Divisions
- Understand Divisional policies and procedures governing the risk activities and applicable regulations to ensure controls are in place to comply, and any breaches are escalated and resolved timely
- 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.
- Train and facilitate risk managers to identify key preventive and detective controls.
- Coordinate the completion of risk mitigating action plans and providing status updates of open/closed issues to the Risk Program Office.
- Review and monitor performance metrics and Key Risk Indicators to monitor high risks to the business unit using data collected from risk issue solutions.
Review completed root cause analysis on all breaches to identify gaps and assist with remediation efforts.
- Stays abreast on specific reporting standards, department reporting requirements and bank system changes/enhancements.
- Ensure all City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National’s PRIDE statement.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor’s Degree
- Minimum 7 years of experience in risk management
- Minimum 10 years of experience in financial services
- Minimum 5 years of Advanced level experience in Microsoft Office, including Word, Excel, Access and PowerPoint
Skills and Knowledge
- Proven leadership ability, Managed teams before
- Ability to prioritize and multi-task, MRA remediation projects
- Good understanding with OCC Heightened Standards and key Regulations impacting Consumer and Commercial Banking preferred
- Good knowledge of financial services products, including commercial and consumer etc.
- Familiarity with OCC Heightened Standards preferred
- Tableau experience preferred
- Previous experience in financial services industry and/or risk management.
- Strong project management experience.
- 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.
- Demonstrated ability to interact effectively, internally and externally, with the most senior representatives of organizations, regulators and vendors.
*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.
City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.
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