City National Bank
Internal Controls Officer Senior
City National Bank, Charlotte, North Carolina, United States, 28245
Overview:
INTERNAL CONTROLS OFFICER SENIOR
WHAT IS THE OPPORTUNITY? Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from City National Bank's business processes, people, systems or external events. The ORM Remediation team is responsible for providing governance and oversight to enhance the control environment to ensure successful remediation of operational risk exposures. This includes providing practical guidance, functional expertise, strategic direction, and execution rigor to significant operational risk remediation activities. The ORM Remediation Senior Officer is responsible for challenging the quality, sufficiency, and completeness of 1LOD risk remediation and control management activities for moderate to high-risk initiatives in compliance with the Issue Management Policy and Standard and the Internal Controls Management Policy (ICMP) and Standard and for communication outcomes of objective assessment through escalation and reporting to Senior Management as necessary. What you will do
Conduct review and challenge of remediation initiatives to ensure operational risk exposures associated with known control deficiencies are addressed. This includes providing challenge throughout the Issue Management Lifecycle, which may include issue data details; root cause analysis; action plan; material issue changes; managements completion of the required and/or committed corrective actions with supporting evidence; and sustainability.Conduct review and challenge of controls implemented. This includes providing feedback to risk and control owners and control assessment teams related to the following control management activities: control identification to match appropriate controls with identified risk exposures to lower the residual risk level; completeness and robustness of control documentation; reasonableness of control assessment approach and sample selection; consistency of design effectiveness and operating effectiveness conclusions with supporting evidence; and appropriateness of documented issues and action plans to remediate identified control failure.Ensures work is produced and documented in alignment with quality and content requirements.Provides clear and transparent updates on remediation progressExercises independent judgment in identifying and assessing risk.Prepares, reviews, and presents review and challenge results to ORM Remediation Leadership, including outlining the risk of control deficienciesEnsures observations and findings are documented and escalated to appropriate leadership.Exercises effective communication and promotes positive client relations with business line colleagues and managementMaintains authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered.Provides 2LOD audit and regulatory exam support.Executes additional departmental initiatives and other duties as assigned.Must-Have*Bachelor's Degree or equivalentMinimum 7 years of experience in financial services industry, with at least five years in an operational risk management, internal audit, or compliance roleMinimum 3 years of control assessment and validation experienceMinimum 1 year of supervisory experienceSkills and KnowledgeBachelors degree or higher and other professional qualifications such as a CPA, CA, etc.Strong business knowledge of financial servicesUnderstanding of Risk Management/Operational Risk Management and Internal Controls testing methodologyStrong knowledge of issue management practices with proven experience in issue management design and/or executionAbility to handle complexity and ambiguityProven track record building strong relationships across multiple business functionsAbility to deal effectively with conflictWell-developed influencing, analytical and problem solving skillsMust be able to convey complex concepts in a clear and concise mannerAbility to work independently with effective time and project managementAbility to work in a matrix environmentStrong interpersonal/teamwork skillsStrong communication (verbal and written), negotiation, and presentation skills requiredCompensation
Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.*To be considered for this position you must meet at least these basic qualificationsThe 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.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity 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 Americas leading diversified financial services companies.
#LI-JR1#CR-JR
INTERNAL CONTROLS OFFICER SENIOR
WHAT IS THE OPPORTUNITY? Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from City National Bank's business processes, people, systems or external events. The ORM Remediation team is responsible for providing governance and oversight to enhance the control environment to ensure successful remediation of operational risk exposures. This includes providing practical guidance, functional expertise, strategic direction, and execution rigor to significant operational risk remediation activities. The ORM Remediation Senior Officer is responsible for challenging the quality, sufficiency, and completeness of 1LOD risk remediation and control management activities for moderate to high-risk initiatives in compliance with the Issue Management Policy and Standard and the Internal Controls Management Policy (ICMP) and Standard and for communication outcomes of objective assessment through escalation and reporting to Senior Management as necessary. What you will do
Conduct review and challenge of remediation initiatives to ensure operational risk exposures associated with known control deficiencies are addressed. This includes providing challenge throughout the Issue Management Lifecycle, which may include issue data details; root cause analysis; action plan; material issue changes; managements completion of the required and/or committed corrective actions with supporting evidence; and sustainability.Conduct review and challenge of controls implemented. This includes providing feedback to risk and control owners and control assessment teams related to the following control management activities: control identification to match appropriate controls with identified risk exposures to lower the residual risk level; completeness and robustness of control documentation; reasonableness of control assessment approach and sample selection; consistency of design effectiveness and operating effectiveness conclusions with supporting evidence; and appropriateness of documented issues and action plans to remediate identified control failure.Ensures work is produced and documented in alignment with quality and content requirements.Provides clear and transparent updates on remediation progressExercises independent judgment in identifying and assessing risk.Prepares, reviews, and presents review and challenge results to ORM Remediation Leadership, including outlining the risk of control deficienciesEnsures observations and findings are documented and escalated to appropriate leadership.Exercises effective communication and promotes positive client relations with business line colleagues and managementMaintains authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered.Provides 2LOD audit and regulatory exam support.Executes additional departmental initiatives and other duties as assigned.Must-Have*Bachelor's Degree or equivalentMinimum 7 years of experience in financial services industry, with at least five years in an operational risk management, internal audit, or compliance roleMinimum 3 years of control assessment and validation experienceMinimum 1 year of supervisory experienceSkills and KnowledgeBachelors degree or higher and other professional qualifications such as a CPA, CA, etc.Strong business knowledge of financial servicesUnderstanding of Risk Management/Operational Risk Management and Internal Controls testing methodologyStrong knowledge of issue management practices with proven experience in issue management design and/or executionAbility to handle complexity and ambiguityProven track record building strong relationships across multiple business functionsAbility to deal effectively with conflictWell-developed influencing, analytical and problem solving skillsMust be able to convey complex concepts in a clear and concise mannerAbility to work independently with effective time and project managementAbility to work in a matrix environmentStrong interpersonal/teamwork skillsStrong communication (verbal and written), negotiation, and presentation skills requiredCompensation
Starting base salary: $101,231 - $172,355 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.*To be considered for this position you must meet at least these basic qualificationsThe 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.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity 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 Americas leading diversified financial services companies.
#LI-JR1#CR-JR