Compliance Officer Senior - City National Bank
New York, NY
About the Job
*COMPLIANCE OFFICER SENIOR*
WHAT IS THE OPPORTUNITY?
The Senior Consumer Compliance Officer is responsible for managing and maintaining assigned areas of the compliance program covering consumer including monitoring business area compliance with applicable laws and regulations, ensuring controls are in place to mitigate compliance risk. Maintaining regulatory change management, policies and procedures, training, and advisory matters for lending and deposit compliance. This role is responsible for directly managing members of the Consumer compliance team with oversight of periodic analysis of the Bank's Consumer portfolios, assisting business areas to implement corrective actions or procedural changes, and applying a risk-based approach.
What you will do
* Serve as a compliance subject matter expert for assigned areas.
* Review marketing materials for business areas or products including credit card, mortgage, small business, and consumer (lending or deposit) ensuring materials comply with regulatory and business standards.
* Manage regulatory change management and participate with business areas supported such as consumer, in addition to other business areas or support functions (Finance, Technology).
* Monitor legislative/regulatory/enforcement activity and trends for impacts to business line activities.
* Provide compliance advice and guidance to business areas and with assigned business projects.
* Assist with regulatory examination and serve as liaison with regulators.
* Manage assigned staff and conduct appropriate coaching to colleagues on interpretation and application of regulatory requirements to business processes.
* Develop and maintain compliance policies and standards that address key risk activities.
* Implement any corrective actions or risk mitigation measures and track, report and validate corrective actions.
* Provide support in risk assessments and internal audits.
* Review and document procedures to ensure secure maintenance and quality of records.
* Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
*Must-Have
* Bachelor's Degree or equivalent
* Minimum 7 years of lending, compliance, and regulatory reporting.
* Minimum 5 years of financial services experience
*Skills and Knowledge*
* Advanced knowledge of banking compliance laws and regulations, as related to lending, deposits, payments, and bank operations (Examples include but are not limited to: ECOA/Regulation B, FCRA, Regulation E, Flood Disaster Protection Act, Truth in Savings Act, Regulation CC, SCRA, HMDA, RESPA, TILA,Regulation O, Regulation W.
* Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management.
* Ability to interact with federal regulatory agencies.
* 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.
* 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: $111,408 - $189,738 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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
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](https://www.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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
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](mailto:TalentAcquisition@cnb.com) 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.
WHAT IS THE OPPORTUNITY?
The Senior Consumer Compliance Officer is responsible for managing and maintaining assigned areas of the compliance program covering consumer including monitoring business area compliance with applicable laws and regulations, ensuring controls are in place to mitigate compliance risk. Maintaining regulatory change management, policies and procedures, training, and advisory matters for lending and deposit compliance. This role is responsible for directly managing members of the Consumer compliance team with oversight of periodic analysis of the Bank's Consumer portfolios, assisting business areas to implement corrective actions or procedural changes, and applying a risk-based approach.
What you will do
* Serve as a compliance subject matter expert for assigned areas.
* Review marketing materials for business areas or products including credit card, mortgage, small business, and consumer (lending or deposit) ensuring materials comply with regulatory and business standards.
* Manage regulatory change management and participate with business areas supported such as consumer, in addition to other business areas or support functions (Finance, Technology).
* Monitor legislative/regulatory/enforcement activity and trends for impacts to business line activities.
* Provide compliance advice and guidance to business areas and with assigned business projects.
* Assist with regulatory examination and serve as liaison with regulators.
* Manage assigned staff and conduct appropriate coaching to colleagues on interpretation and application of regulatory requirements to business processes.
* Develop and maintain compliance policies and standards that address key risk activities.
* Implement any corrective actions or risk mitigation measures and track, report and validate corrective actions.
* Provide support in risk assessments and internal audits.
* Review and document procedures to ensure secure maintenance and quality of records.
* Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
*Must-Have
* Bachelor's Degree or equivalent
* Minimum 7 years of lending, compliance, and regulatory reporting.
* Minimum 5 years of financial services experience
*Skills and Knowledge*
* Advanced knowledge of banking compliance laws and regulations, as related to lending, deposits, payments, and bank operations (Examples include but are not limited to: ECOA/Regulation B, FCRA, Regulation E, Flood Disaster Protection Act, Truth in Savings Act, Regulation CC, SCRA, HMDA, RESPA, TILA,Regulation O, Regulation W.
* Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management.
* Ability to interact with federal regulatory agencies.
* 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.
* 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: $111,408 - $189,738 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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf).
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](https://www.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](https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)
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](mailto:TalentAcquisition@cnb.com) 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.
Source : City National Bank