Compliance Officer at City National Bank
Los Angeles, CA 90071
About the Job
COMPLIANCE OFFICER WHAT IS THE OPPORTUNITY? Position is responsible for performing risk analysis and assessment of compliance regulations, identifying risks and controls, monitoring business unit control environment, drafting and maintaining remediation plans and issues tracking logs, and escalation of compliance issues
The incumbent is responsible for playing a critical role in the issues remediation strategy for compliance identified issues and ensuring issues are closed in a manner which both adheres to the regulatory requirements and ensures business continuity
What you will do Analyze new and changing laws and regulations and development of implementation strategies
Maintain updates to compliance policies, procedures, and training for new or revised laws and regulations
Assist the Compliance Manager, Senior Compliance Officer, and Risk Assessment team with the evaluation of compliance testing program and processes
Performs research on regulations and provides guidance to business operations (divisions) on compliance requirements
Create, maintain and update reporting of compliance test results along with comparable line of business QA testing results
Conduct meetings to discuss testing and risk assessment results and lead line of business to remediation plans
Works with Senior Compliance Officer, Compliance Manager to maintain audit tracking logs and other tracking reports as deemed necessary
Participates in Compliance Committees, maintains minutes or notes of applicable committees or task force meetings
Performs compliance reviews on specific loan-level accounts, as required
Complies fully with all Bank Compliance policies and procedures as well as all regulatory requirements
Provide guidance on regulations, requirements, and Bank procedures
Conducting and documenting reviews and addressing findings with employees and supervisors
Drafting and maintaining employee training for assigned topic areas
Analyze the Bank’s compliance risk; determine if current processes control risk
Completes all required training
Other duties and special projects as assigned
Must-Have* Bachelor's Degree or equivalent Minimum 5 years’ experience working with Federal and State compliance regulatory matters Minimum 5 years’ experience in banking, consumer finance, retail banking compliance, mortgage banking or working in a legal department Minimum 3 years’ experience with managing projects or processes Skills and Knowledge College degree preferred
Relevant, equivalent work experience may be substituted for degree preference
Good knowledge and relevant work experience with bank credit, deposit, operations regulations (as applicable/assigned)
Knowledge and experience with traditional bank products and services and/or reviewing marketing materials is a plus
Ability to influence/motivate others to produce desired results
Ability to operate effectively in a fast paced environment
Excellent organizational and analytical skills
Ability to communicate clearly and professionally with all levels of an organization
Excellent written and verbal communications skills
Effective interpersonal skills
Proficiency in multi-tasking and prioritizing projects
Excellent time management skills and be accustomed to working with deadlines
Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus
Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs
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: $92,114 - $156,880 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 our Benefits and Perks
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 including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C
and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets
City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves
*City National Bank does business in Miami and the state of Florida as CN Bank
For more information about City National, visit cnb.com
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged
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 the laws or regulations in the locations where we operate or in our Code of Conduct
READ MORE If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process
Please contact us via email or leave a message at
These contact methods are dedicated to applicants whose disability prevents them from successfully applying online
Only messages left for this purpose will be returned
Responses may take up to two business days
#LI-JR1 #CR-JR
The incumbent is responsible for playing a critical role in the issues remediation strategy for compliance identified issues and ensuring issues are closed in a manner which both adheres to the regulatory requirements and ensures business continuity
What you will do Analyze new and changing laws and regulations and development of implementation strategies
Maintain updates to compliance policies, procedures, and training for new or revised laws and regulations
Assist the Compliance Manager, Senior Compliance Officer, and Risk Assessment team with the evaluation of compliance testing program and processes
Performs research on regulations and provides guidance to business operations (divisions) on compliance requirements
Create, maintain and update reporting of compliance test results along with comparable line of business QA testing results
Conduct meetings to discuss testing and risk assessment results and lead line of business to remediation plans
Works with Senior Compliance Officer, Compliance Manager to maintain audit tracking logs and other tracking reports as deemed necessary
Participates in Compliance Committees, maintains minutes or notes of applicable committees or task force meetings
Performs compliance reviews on specific loan-level accounts, as required
Complies fully with all Bank Compliance policies and procedures as well as all regulatory requirements
Provide guidance on regulations, requirements, and Bank procedures
Conducting and documenting reviews and addressing findings with employees and supervisors
Drafting and maintaining employee training for assigned topic areas
Analyze the Bank’s compliance risk; determine if current processes control risk
Completes all required training
Other duties and special projects as assigned
Must-Have* Bachelor's Degree or equivalent Minimum 5 years’ experience working with Federal and State compliance regulatory matters Minimum 5 years’ experience in banking, consumer finance, retail banking compliance, mortgage banking or working in a legal department Minimum 3 years’ experience with managing projects or processes Skills and Knowledge College degree preferred
Relevant, equivalent work experience may be substituted for degree preference
Good knowledge and relevant work experience with bank credit, deposit, operations regulations (as applicable/assigned)
Knowledge and experience with traditional bank products and services and/or reviewing marketing materials is a plus
Ability to influence/motivate others to produce desired results
Ability to operate effectively in a fast paced environment
Excellent organizational and analytical skills
Ability to communicate clearly and professionally with all levels of an organization
Excellent written and verbal communications skills
Effective interpersonal skills
Proficiency in multi-tasking and prioritizing projects
Excellent time management skills and be accustomed to working with deadlines
Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus
Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs
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: $92,114 - $156,880 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 our Benefits and Perks
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 including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C
and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets
City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves
*City National Bank does business in Miami and the state of Florida as CN Bank
For more information about City National, visit cnb.com
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged
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 the laws or regulations in the locations where we operate or in our Code of Conduct
READ MORE If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process
Please contact us via email or leave a message at
(213) 673-9139
These contact methods are dedicated to applicants whose disability prevents them from successfully applying online
Only messages left for this purpose will be returned
Responses may take up to two business days
#LI-JR1 #CR-JR