CONTROL TESTING /REPORTING LEAD 1LOD

 

WHAT IS THE OPPORTUNITY?The 1LOD Control Testing/Reporting Lead is a key strategic and integral role for the overall success of the bank. This role is responsible for (i) with the guidance of Manager Control Testing/Reporting, responsible for building sustainable processes with appropriate risk mitigation activities; (ii) consulting risk owners on how to design and implement controls to mitigate the risks in a process; (iii) leading the analysts to perform control testing that evaluate the design and operating effectiveness of CNB's first line key controls; (iv)analyzing, aggregating, and articulating the results/issues/recommendations related to control testing activities; and (v) maintaining a thorough understanding of CNB's Internal Controls Management Policy, control testing methodologies, and related regulatory and compliance standards. This dynamic position provides opportunities for working across CNB, including across the business, 2LOD and internal audit.

 

WHAT WILL YOU DO?With the guidance of Manager Control Testing/Reporting, responsible for building sustainable processes with appropriate risk mitigation activitiesConsulting risk owners on how to design and implement controls to mitigate the risks in a processResponsible for planning, executing, and reviewing Control Assessments (i.e. Testing) that evaluate the design and operating effectiveness of CNB’s first line Key ControlsMaintain a thorough understanding of CNB's Internal Controls Management Policy and Standards, control testing methodologies, and related regulatory and compliance standards, including but not limited to enterprise risk management, data governance, third party risk management, model risk management, business continuity, fraud risk management, and associated regulations, guidance, and regulatory expectationsDevelop robust and scalable testing modules, scripts, and other guides including testing approach for evaluating the effectiveness of CNB’s first line Key Controls to mitigate key risk exposures related to regulatory requirements and CNB risk policies and standardsExhibit high attention to detail in documentation of control evaluation work papers and remediation of reviewer’s commentaryExhibit high attention to detail and strategic thinking in analyzing, aggregating, and articulating the results/issues of control testing activities and value-add opportunities for improvement of Key Controls to CNB Senior Management and other stakeholdersContribute to the articulation of results/conclusions/memos of control testing activities and communicate to key stakeholders across CNBSupport development, implementation, and continuous improvement of tools, templates, and best practices that support control testing and reporting activitiesAssist with the validation and closure of control issues as identified through testingMaintain solid working relationships with 1LOD, 2LOD and internal auditSupports a high-performance environment by fostering an inclusive work environment, helping/elevating peers, and taking ownership of individual developmental goalsActs as brand ambassador of the CoE by developing solid working relationships across the organization as to facilitate communication and strategic partnershipsContribute to ad-hoc assignments and special projects

 

WHAT DO YOU NEED TO SUCCEED?Required Qualifications*Bachelor's Degree or equivalentMinimum 5 years of experience in controls testing, internal audit, quality control roles, or other complimentary capacities, preferably within the financial services industry, a public accounting firm, or with a financial institutions regulatorMinimum 3 years of experience in the financial services industry  Additional QualificationsPreferred Certifications: CPA - Certified Public Accountant, CIA - Certified Internal Auditor, CISA - Certified Information Systems Auditor, and CISSP - Certified Information Systems Security ProfessionalKnowledge of FINRA, SEC, MSRB, FRBNY and OCC rules and regulationsExperience with operating in a highly matrixed environmentExcellent communication and presentations skillsDemonstrated experience supporting risk projects across multiple business lines offering a wide variety of financial services products and servicesExcellent analytical and complex problem-solving skillsKnowledge of the financial services sector, particularly with the competitive dynamics and products in banking and risk managementStrong time management skills
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $77,000 - $143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagement Get a more detailed look at our Benefits and Perks.
ABOUT USSince day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.   Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.