City National Bank
Regulatory Relations Consultant
City National Bank, Los Angeles, California, United States, 90079
REGULATORY RELATIONS CONSULTANT
WHAT IS THE OPPORTUNITY?
Responsible for training and managing a team that will coordinate end-to-end regulatory activity within CNB and the broader Combined US Operations ("CUSO") from receipt of first day letter through remediation and closure. This includes coordinating with regulators, all business units and risk departments for targeted exams, ongoing supervision, ad hoc requests and follow up. Will work with business and risk units, along with the Governance Risk & Control Program Office ("GRC"), to prepare business units for exams and other regulatory activity. Will be responsible for providing advice and support to business units in all regulatory matters. Will raise concerns about observed thematic issues and potential regulatory concerns.
What You Will Do
Oversee, train and be responsible for a team of colleagues who perform various regulatory relations functions across CNB and RBC in the US.Work as a team leader to facilitate all regulatory examinations, including targeted on-site examinations by regulators with minimal supervision across CNB and RBC in the US.Manage a team that works with business and risk units to oversee and coordinate planning, fieldwork and final responses to external regulators, including but not limited to data requests and responses to exam findings.Schedule and assign team members to exams according to exam calendar and area of expertise, ensuring full coverage of all regulator activities.Ensure responses to regulatory concerns are well informed and appropriately address concerns raised.Deliver proactive communication strategies with regulators and provide advice to management on the best approach to regulatory interactions.Synthesize regulatory feedback and key thematic findings to senior management, Board-level committees and key stakeholders.Maintain records of all regulatory matters in a centralized location for the coordination of regulatory communications, requests, and reporting.Schedule and attend meetings for examiners with senior management and BU contacts on specific exams or prep meetings.Lead prep meetings for internal stakeholders prior to exams and update meetings with regulators.Enter and maintain exam and issue status in the issue management system and report as needed.Must-Have*
Bachelor's Degree or equivalentMinimum 8 years of experience working in the financial industry, preferably in a regulatory-facing roleMinimum 8 years of experience in banking operations, compliance and/or risk management activitiesSkills And Knowledge
Strong interpersonal, influencing, and communications skills.Exceptional writing skills, with ability to synthesize complex concepts into effective presentations.Working knowledge in a broad range of risk management disciplines including credit, market, and operational risks.Experience being a part of a Regulatory Relations team for a large US bank.Autonomous, detail-oriented, and highly motivated.Experienced in regulatory interaction, project and time management, exam management, and issue management.Demonstrated ability to think critically and facilitate change through collaborative effort.Self-motivation, discipline, task focus, and the ability to structure and present work.Ability to work on multiple projects simultaneously and prioritize several concurrent initiatives.Experience communicating and interacting with regulatory agencies.For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM).For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser.For Wealth Management Compliance roles, experience working within a Compliance Investment Management role.Compensation
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.
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.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion.
About City National
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment, and trust services in select markets.
For more information about City National, visit cnb.com.#J-18808-Ljbffr
WHAT IS THE OPPORTUNITY?
Responsible for training and managing a team that will coordinate end-to-end regulatory activity within CNB and the broader Combined US Operations ("CUSO") from receipt of first day letter through remediation and closure. This includes coordinating with regulators, all business units and risk departments for targeted exams, ongoing supervision, ad hoc requests and follow up. Will work with business and risk units, along with the Governance Risk & Control Program Office ("GRC"), to prepare business units for exams and other regulatory activity. Will be responsible for providing advice and support to business units in all regulatory matters. Will raise concerns about observed thematic issues and potential regulatory concerns.
What You Will Do
Oversee, train and be responsible for a team of colleagues who perform various regulatory relations functions across CNB and RBC in the US.Work as a team leader to facilitate all regulatory examinations, including targeted on-site examinations by regulators with minimal supervision across CNB and RBC in the US.Manage a team that works with business and risk units to oversee and coordinate planning, fieldwork and final responses to external regulators, including but not limited to data requests and responses to exam findings.Schedule and assign team members to exams according to exam calendar and area of expertise, ensuring full coverage of all regulator activities.Ensure responses to regulatory concerns are well informed and appropriately address concerns raised.Deliver proactive communication strategies with regulators and provide advice to management on the best approach to regulatory interactions.Synthesize regulatory feedback and key thematic findings to senior management, Board-level committees and key stakeholders.Maintain records of all regulatory matters in a centralized location for the coordination of regulatory communications, requests, and reporting.Schedule and attend meetings for examiners with senior management and BU contacts on specific exams or prep meetings.Lead prep meetings for internal stakeholders prior to exams and update meetings with regulators.Enter and maintain exam and issue status in the issue management system and report as needed.Must-Have*
Bachelor's Degree or equivalentMinimum 8 years of experience working in the financial industry, preferably in a regulatory-facing roleMinimum 8 years of experience in banking operations, compliance and/or risk management activitiesSkills And Knowledge
Strong interpersonal, influencing, and communications skills.Exceptional writing skills, with ability to synthesize complex concepts into effective presentations.Working knowledge in a broad range of risk management disciplines including credit, market, and operational risks.Experience being a part of a Regulatory Relations team for a large US bank.Autonomous, detail-oriented, and highly motivated.Experienced in regulatory interaction, project and time management, exam management, and issue management.Demonstrated ability to think critically and facilitate change through collaborative effort.Self-motivation, discipline, task focus, and the ability to structure and present work.Ability to work on multiple projects simultaneously and prioritize several concurrent initiatives.Experience communicating and interacting with regulatory agencies.For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM).For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser.For Wealth Management Compliance roles, experience working within a Compliance Investment Management role.Compensation
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.
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.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion.
About City National
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment, and trust services in select markets.
For more information about City National, visit cnb.com.#J-18808-Ljbffr