Manager Compliance Remediation - City National Bank
Los Angeles, CA
About the Job
MANAGER COMPLIANCE REMEDIATION
WHAT IS THE OPPORTUNITY?
The Compliance Remediation Manager ("CRM") will partner with the RBC-US Chief Compliance Officer (CCO)/CNB Chief Compliance Officer (the "CCO") and the CNB Deputy Chief Compliance Officer (the "DCCO"), whom together will be responsible for ensuring successful remediation of the current portfolio of regulatory and internal compliance issues, as well as those that may arise in the future. In this role, the CRM will interface with the CNB centralized remediation team ("GRC") to stay abreast of current events and required efforts. In turn, this individual will also provide regular updates to GRC regarding status, any concerns, escalations, etc.In order to effect successful remediation, the CRM will work closely with the CNB Compliance leadership team to understand and comanage open compliance issues, with regulatory issues and high-risk issues as the priority. This will involve working directly with the issue owners to understand existing action plans, develop action plans for new and revised issues, and help drive successful execution against committed timelines. This individual will also work with the CNB Compliance Leadership team to understand non-owned compliance issues to ensure we oversee successful execution of those as well.In this role, the CRM will work closely with project managers in addition to the compliance leadership team, as well as the 1st line teams that own compliance-related issues. The CRM will need to have experience creating, understanding and suggesting changes to project plans. Further, the CRM will be on point to look at individual action plans in an aggregated way to spot possible resource and deadline conflicts. The CRM must have experience interacting with and influencing executive and senior management. The CRM will escalate concerns, speak to past due statuses, and need to be able to highlight process improvements that will improve efficiency and effectiveness of the remediation activities. This individual also will interact with audit and the regulators to advise of status and speak to the plans in detail as well. Success for the CRM is enabling the CNB Compliance Leadership team to decrease the amount of time required by them for remediation activities, allowing them to focus on BAU and avoidance of additional issues.
What you will do
+ Have full command of each open issue and the associated corrective plan across diverse businesses
+ Codevelop new remediation action plans. Evaluate and identify necessary/recommended changes to existing plans.
+ Interface with the various Project Managers and issue owners to understand the plans, determine current status, and “pressure test” information provided.
+ Manage the full portfolio of open issues, driving the issue remediation teams towards timely success.
+ Interface with GRC, Audit, Regulators and senior management regarding the status of the current portfolio of regulatory and internal issues.
+ Escalate when issues are not on track for successful or on-time closure. Assist in the proposed solutions to bring plans back on track or to propose necessary revisions.
+ Participate in and attend key governance meetings where issues management statuses must be provided.
+ Identifies possible opportunities for improvement in efficiency and effectiveness.
+ Analyze and aggregate individual plans to identify possible resource and timing conflicts.
+ Elevate issues to the Chief Risk Officer’s attention and when appropriate for further reporting to senior management and the Board of Directors.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 15 years experience working with Federal and State compliance regulatory matters.
+ Minimum 10 years in a banking environment.
+ Minimum 15 years management experience preferred
Skills and Knowledge
+ Strong technical knowledge of banking.
+ Knowledge of federal statutory and regulatory framework.
+ Ability to operate effectively in a fast-paced environment.
+ Strong ability to work in a complex team environment requiring exceptional communication and organizational skills.
+ Leadership experience in enhancing/managing compliance risk management in a fast-growth environment.
+ Working knowledge of bank technology and operating systems.
+ Experience in large project management, and project management tools
+ Extensive knowledge of compliance and regulatory concepts, practices and methodologies.
+ Extensive knowledge of risk management principles and practices
+ Applicants must have the highest ethical standards, excellent judgment, a sense of personal initiative, excellent oral and written communications skills, the ability to work independently while keeping management apprised of his/her undertakings, and the ability to interact well and constructively with colleagues at all levels of the organization in both one-on-one and multidisciplinary team situations.
+ Strong academic credentials are preferred
+ Experience communicating and interacting with audit and regulatory agencies, including exam management and other regulatory affairs.
+ Experience interfacing with senior and executive management
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 our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
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.
WHAT IS THE OPPORTUNITY?
The Compliance Remediation Manager ("CRM") will partner with the RBC-US Chief Compliance Officer (CCO)/CNB Chief Compliance Officer (the "CCO") and the CNB Deputy Chief Compliance Officer (the "DCCO"), whom together will be responsible for ensuring successful remediation of the current portfolio of regulatory and internal compliance issues, as well as those that may arise in the future. In this role, the CRM will interface with the CNB centralized remediation team ("GRC") to stay abreast of current events and required efforts. In turn, this individual will also provide regular updates to GRC regarding status, any concerns, escalations, etc.In order to effect successful remediation, the CRM will work closely with the CNB Compliance leadership team to understand and comanage open compliance issues, with regulatory issues and high-risk issues as the priority. This will involve working directly with the issue owners to understand existing action plans, develop action plans for new and revised issues, and help drive successful execution against committed timelines. This individual will also work with the CNB Compliance Leadership team to understand non-owned compliance issues to ensure we oversee successful execution of those as well.In this role, the CRM will work closely with project managers in addition to the compliance leadership team, as well as the 1st line teams that own compliance-related issues. The CRM will need to have experience creating, understanding and suggesting changes to project plans. Further, the CRM will be on point to look at individual action plans in an aggregated way to spot possible resource and deadline conflicts. The CRM must have experience interacting with and influencing executive and senior management. The CRM will escalate concerns, speak to past due statuses, and need to be able to highlight process improvements that will improve efficiency and effectiveness of the remediation activities. This individual also will interact with audit and the regulators to advise of status and speak to the plans in detail as well. Success for the CRM is enabling the CNB Compliance Leadership team to decrease the amount of time required by them for remediation activities, allowing them to focus on BAU and avoidance of additional issues.
What you will do
+ Have full command of each open issue and the associated corrective plan across diverse businesses
+ Codevelop new remediation action plans. Evaluate and identify necessary/recommended changes to existing plans.
+ Interface with the various Project Managers and issue owners to understand the plans, determine current status, and “pressure test” information provided.
+ Manage the full portfolio of open issues, driving the issue remediation teams towards timely success.
+ Interface with GRC, Audit, Regulators and senior management regarding the status of the current portfolio of regulatory and internal issues.
+ Escalate when issues are not on track for successful or on-time closure. Assist in the proposed solutions to bring plans back on track or to propose necessary revisions.
+ Participate in and attend key governance meetings where issues management statuses must be provided.
+ Identifies possible opportunities for improvement in efficiency and effectiveness.
+ Analyze and aggregate individual plans to identify possible resource and timing conflicts.
+ Elevate issues to the Chief Risk Officer’s attention and when appropriate for further reporting to senior management and the Board of Directors.
Must-Have*
+ Bachelor's Degree or equivalent
+ Minimum 15 years experience working with Federal and State compliance regulatory matters.
+ Minimum 10 years in a banking environment.
+ Minimum 15 years management experience preferred
Skills and Knowledge
+ Strong technical knowledge of banking.
+ Knowledge of federal statutory and regulatory framework.
+ Ability to operate effectively in a fast-paced environment.
+ Strong ability to work in a complex team environment requiring exceptional communication and organizational skills.
+ Leadership experience in enhancing/managing compliance risk management in a fast-growth environment.
+ Working knowledge of bank technology and operating systems.
+ Experience in large project management, and project management tools
+ Extensive knowledge of compliance and regulatory concepts, practices and methodologies.
+ Extensive knowledge of risk management principles and practices
+ Applicants must have the highest ethical standards, excellent judgment, a sense of personal initiative, excellent oral and written communications skills, the ability to work independently while keeping management apprised of his/her undertakings, and the ability to interact well and constructively with colleagues at all levels of the organization in both one-on-one and multidisciplinary team situations.
+ Strong academic credentials are preferred
+ Experience communicating and interacting with audit and regulatory agencies, including exam management and other regulatory affairs.
+ Experience interfacing with senior and executive management
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 our Benefits and Perks (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .
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.
Source : City National Bank