SENIOR BUSINESS CONTROLS MANAGER

 

WHAT IS THE OPPORTUNITY?

The Senior Business Control Manager will report into the Business Control Officer of Commercial Banking to manage and participate in the team that will design, maintain, implement, manage and enhance the capital markets first line risk program for four separate line verticals (Foreign Exchange, Interest Rate Risk Management, Syndications, and Global Trade and Supply Chain Finance (GTS) ), ensuring adherence with all applicable laws, regulations, regulatory guidance, policies and procedures with respect to all such capital markets activity at CNB. CNB Capital Markets activity is conducted under bank permissible activities, not under registered swap dealer or broker dealer activity. This role is responsible for ongoing monitoring, identification and reporting of risk findings to senior management and remedial corrective actions through risk and control testing programs and conducting risk assessments as well as gap analysis against regulatory guidance, best practices and policies and procedures. This role will work closely with colleagues across CNB three lines of defense and parent entity, Royal Bank of Canada.

 

WHAT WILL YOU DO?Responsible for the development and implementation of new programs/strategies, implementation of regulation, rules, and risk management requirements. Advocating for a strong capital markets first line risk program, with a focus on applicable laws, regulations and other guidance related to business and operational activities throughout the Business Unit.Manage the team and assist in the development, implementation, administration, and monitoring of controls, processes, and procedures, that ensure the Business Unit complies with laws, regulations, regulatory guidelines, regulatory/market guidance and policies and procedures.Evaluate the effectiveness of existing processes and recommend new processes that most effectively anticipate, manage, and reduce risk to the assigned business.Manage the team conducting Risk Assessments to identify various risk exposure across OCC risk stripes and help the division prioritize such exposures.Supports the timely and effective resolution of issues and implementation of recommendations identified through 1st, 2nd, 3rd LOD and external regulatory examinations, monitoring and testing.Analyze findings and perform root cause analysis, distinguishing between various levels of compliance and other types of risk.Prepare and support corrective action plans with business lines and validate implementation. Identify and assist in resolving compliance and control issues.Maintain subject matter expertise and understanding of the laws, rules and regulations with which the Business Unit must comply and an awareness of issues of recent regulatory focus.Identify and measure risk issues and escalate to leadership, as well as the 2nd Lines of Defense, as necessary.Assess risk issues presented through complex new/revised product and service offerings and work closely with senior leaders of business units to plan a response.Ensure Business Unit adheres to all Bank policies and procedures as well as all regulatory requirements (e.g. OCC regulations, SR11-10, Volcker, CFTC, etc.).

 

WHAT DO YOU NEED TO SUCCEED?Required Qualifications*Bachelor's Degree or equivalentMinimum 10-12 years managing projectsMinimum 10-12 years within or related to financial services Additional QualificationsMBA, JD, or other advanced degree (e.g., JD, MBA, Masters, etc.) preferred8-10 years of experience managing projects8-10 years in a role requiring complex problem solvingStrong interpersonal and influencing skills – and ability to interact with colleagues at all levels in a peer-like way, and achieve goals without direct control over resourcesStrong emerging end-to-end generalist problem solving skills, e.g.,Defining and deconstructing problemsPrioritizing issues and analysisStructuring and building quantitative and qualitative/conceptual analysesKnowledge in Financial Services, Project ManagementDemonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results.Proficiency with MS Excel and PowerPointExcellent time management, organizational, and prioritization skills and ability to balance multiple priorities.Diverse problem solving experienceAn outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and written), work well in cross-functional teamsQuick learning ability, outstanding analytical skills and a structured way of thinking, your attention to details is exceptionalOperate well under stress, even faced with tight timelines for ambitious deliverables Significant experience in driving operational change with front line to senior leadership personnelExcellent relationship and stakeholder management skillsBe able to handle uncertainty well, and are able to simplify complexity
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $127,626 - $237,014 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.