Military Veterans are Encouraged to Apply.
Job Details: DIVISION RISK MANAGER
WHAT IS THE OPPORTUNITY?
Reporting to the Division Risk and Service Manager, this position is responsible for the development, recommendation, implementation, tracking and reporting of City National Bank’s risk management programs within the division to ensure limited risk exposure. Leads and executes the risk assessment programs including identification of key risks and their mitigating controls. Provides risk expertise while working with the business and other 2nd line risk partners (to include Operational Risk, Business Continuity, IT Risk, Vendor Risk, Corp. Security, Compliance, etc.) to assess risk exposures and control adequacy. The Division Risk Manager is also responsible for the continued maturation and improvement of the risk management practices and execution of these practices within their Division.
Residential Lending Division
Make a meaningful difference as a member of City National’s Residential Lending group. This is a great opportunity to grow your career with a stable and expanding organization while enhancing and retaining bank client relationships through competitive mortgage products and solutions with exceptional service and care.
WHAT WILL YOU DO?
- Work collaboratively within the division and with second line of defense teams to coordinate risk management and measurement activity.
- Act as subject matter expert for the activities performed in the division and their associated risk exposures.
- Execute risk assessment programs (e.g. Risk Control Self Assessments, Business Impact Assessments, Vendor Risk Assessments, New Applications) to identify and quantify the risks and their associated controls in the division.
- Establish processes to test and report on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded etc.)
- Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line risk management functions.
- Provide insight and supporting data to assess scenario impact assessments (e.g. a Business Continuity Assessment, CCAR loss forecasts etc.)
- Investigates large or repetitive loss events impacting the division to assess for potential systemic weaknesses and to ensure appropriate corrective action is taken.
- Perform periodic access reviews to key IT systems for colleagues in the business unit.
- Ensures appropriate colleagues in division are trained on the applicable risk management practices, reporting, etc.
- Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit.
- Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
- 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 5 years of operational experience, with at least 5 years of experience in the financial services sector
- Minimum 5 years of experience in risk management or compliance in a banking or lending environment
- Minimum 3 years’ experience in a Project Management or leadership role
Skills and Knowledge
- Prefer 7+ years in the financial services industry
- Knowledge of risk management practices
- Sound knowledge of project management practices
- Business maturity level and skill/judgment to be able to deal effectively with leadership team members within the Division as well as enterprise wide as required
- Effective presentation and communication (verbal and written) skills
- Ability to impact and influence all levels in the organization
- Solid problem solving, analytical (including qualitative analysis), research, and quantitative skills
- Proficient in Microsoft Office Product Suite, SharePoint
*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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