RISK MANAGER FIRST LINE OF DEFENSE
WHAT IS THE OPPORTUNITY?
Manage all Division risk activities in coordination with key Division leaders.
The primary responsibility for the Risk Manager is identifying, assessing, monitoring, and reporting of all risks related to the assigned Division to ensure limited risk exposure, and timely escalation of risk issues to the Division Executive, Management team 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 must adhere to the Division Risk Management Framework life cycle.
Risk Manager is also responsible for promoting risk awareness within their own Business Unit.
WHAT WILL YOU DO?
- Coordinate and conduct all key risk activities and have a good understanding of all risks affecting the business line.
- Act as subject matter expert for the activities performed in the respective division and their associated risk exposures.
- Manage and coordinate all risk activities across the Division to ensure material/key risks are identified, escalated, managed and remediated timely; act as central point of contact for the Division by working within Risk Program disciplines in coordination with the 1LOD Risk Management Office.
- Facilitate the successful completion of annual Business Continuity Planning (BCP) tasks, such as Business Impact Analysis and testing.
- Build and Coordinate Quarterly Risk Reports for the respective Division Risk Committee.
- Assist/represent the Risk Owners/Business Units during auditory examinations, both internally and externally.
- 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.
- Act as Subject Matter Expert and assist in the development of Business Unit Policies and Procedures.
- Ensure business/strategic plans are consistent with the Risk Appetite Framework and Division risk Limits.
- Train and facilitate risk owners to identify key preventive and detective controls.
- Develop 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.
- Coordinate the completion of risk mitigating action plans and providing status updates of open/closed issues to the Risk Program Office.
- Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit using data collected from risk issue solutions.
Provide root cause analysis on all breaches to identify gaps and assist with remediation efforts.
- Investigates large or repetitive loss events impacting the Division to assess for potential systemic weaknesses and ensure appropriate corrective action is taken.
- Stays abreast on specific reporting standards, department reporting requirements and bank system changes/enhancements.
- Work collaboratively within their respective Business Unit to coordinate risk management and measurement activity.
- Assist with research and special projects as needed.
- Promotes risk awareness throughout the Business Unit.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Bachelor’s Degree Finance, Economics, Mathematics, Statistics or related field.
- Minimum 5 years of experience in a banking environment or in risk management consulting or in risk-related roles
- Minimum 3 years of experience in credit and/or financial analysis
- Minimum 3 years of Advanced level experience in Microsoft Office, including Word, Excel, Access and PowerPoint
Skills and Knowledge
- Familiarity with OCC Heightened Standards preferred
- Tableau experience preferred
- Previous experience in financial services industry and/or risk management.
- Good knowledge of financial services products, including commercial and consumer etc.
- 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.