Manager Regulatory Affairs GRC Office
Company: City National Bank
Location: Beverly Hills
Posted on: May 24, 2023
Job Description:
MANAGER REGULATORY AFFAIRS GRC OFFICE
WHAT IS THE OPPORTUNITY?
Position reports to the Head of Governance Risk and Controls (GRC)
and is responsible for owning all regulatory responses for the
Governance Risk and Controls office and will be one of the primary
interfaces to the Legal and Regulatory Relations teams.Senior
member of a team which assists business and risk departments with
readiness for regulatory examinations.This role will also liaise
with HR, Technology & Innovation and other key support
functions.
Governance, Risk and Controls (GRC)
Be part of City National's U.S. Governance, Risk and Controls (GRC)
Office. This group's focus is on enhancing our risk management and
regulatory compliance capabilities to ensure the bank is
well-positioned for future opportunity and sustainable growth.
WHAT WILL YOU DO?
- Responsible for driving all GRC activities related to
regulatory responses in partnership with senior stakeholders across
the bank
- Responsible for leading quarterly progress reports and ongoing
GRC communications with regulators
- Liaises with Regulatory Relations office on a regular cadence
to ensure alignment of GRC and Regulatory Relations activities
across regulatory exams, progress reports, communications and any
additional activities, as needed
- Liaises with Legal/General Counsel office on a regular cadence
to ensure alignment of GRC and Legal activities across regulatory
exams, progress reports, communications and any additional
activities, as needed
- Partners with senior leaders in the GRC office to ensure
integrated activities across regulatory response and remediation
planning are well coordinated
- Partners with senior leaders in the GRC office who are managing
remediation activities to ensure that output from remediation
activities has traceability back to root causes and regulatory
responses and has proper signoff through appropriate governance
channels, as necessary
- Provide leadership and ownership of various remediation
initiatives as needed
- Oversee and coordinate the timeliness and accuracy of responses
to regulators, including data requests and responses to exam
findings (such as Request Letters, Matters Requiring Attention,
etc).
- Ensure comprehensive analyses of regulatory feedback and
expectations, peer practices, underlying issues and their root
causes
- Provide bank regulatory advisory support with business partners
and second line of defense to identify and mitigate remediation
risks and issues.
- Maintain thorough knowledge of banking regulations, bank
operations and procedures, accounting, risk management controls,
and other internal control objectives and practices.
- Work with senior leadership (EVPs and SVPs) to identify,
discuss, and address emerging regulatory trends that may impact
their relevant business operations from a compliance perspective;
actively monitor and report on regulatory developments and trends
affecting US business platforms.
- Responsible for fostering a culture of compliance with existing
and pending regulations.
- Provide advice on compliance and regulatory risk matters
related to bank regulatory activities to businesses, and other
functions, as needed.
- Lead and manage colleagues team through influence and
example.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Minimum 10 years of experience in banking compliance, risk,
legal, regulatory or related bank regulatory experience
- Minimum 10 years of financial services industry experience, of
which 5 years must include direct experience in Compliance and/or
Risk Management
- Minimum 3 years of experience leading and managing teams
Skills and Knowledge
- Deep understanding and proven ability to build relationships
with internal and external partners and manage heavy regulatory
exam load
- Strong interpersonal, influencing, and communications skills
with an ability to interact effectively with stakeholders and
regulators, to include virtual, matrixed leadership experience and
the ability to effectively manage and build relationships across
City National.
- Experience managing or being a part of a compliance or risk
management team for a large US bank or large Legal Firm
- Technical understanding of Corporate Risk operations,
processes, and responsibilities.
- Proven leadership and project management skills to drive
alignment across stakeholder groups to develop and deliver
repeatable end-to-end risk management solutions and controls
aligned with group's processes.
- Deep understanding of risk framework, corporate/business
policies, and programs to translate into plans for the business,
function and/or risk type.
- Knowledge and understanding of regulatory and risk management
in the financial services industry.
- Previous consulting experience preferred.
Compensation
Starting base salary: $157,943 - $293,299 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 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.
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 ourBenefits and Perks.
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.
Equal Opportunity Employer Minorities/Women/Protected
Veterans/Disabled
Keywords: City National Bank, Beverly Hills , Manager Regulatory Affairs GRC Office, Administration, Clerical , Beverly Hills, California
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