City National Bank Job - 42959078 | CareerArc
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Company: City National Bank
Location: Los Angeles, CA
Career Level: Mid-Senior Level
Industries: Banking, Insurance, Financial Services

Description

MANAGER INTERNAL CONTROL TESTING



WHAT IS THE OPPORTUNITY? Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from City National Bank's business processes, people, systems or external events.The Internal Controls Testing Manager will determine compliance with the Internal Controls Management Policy (ICMP) and Standard, through testing or other assessment methods. Wil also manage a team of colleagues that will perform independent testing/validation of controls, as well as provide Review and Challenge of testing performed in the First Line of Defense.



Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.



WHAT WILL YOU DO?
  • Define, implement and continuously improve an enhanced operating model for independent control activities which meets ICMP standards
  • Develop standards to independently monitor and evaluate controls, including transaction testing
  • Create and manage control evaluation (including transaction testing) coverage plans and metrics, including testing approach and scoping/sampling, and determining the testing procedures and scripts to be used.
  • Provide holistic review and challenge of control assessments
  • Perform risk-based testing activities that independently evaluate the design and effectiveness of controls
  • Exhibit high attention to details in identifying, aggregating, and communicating issues and control gaps to appropriate stakeholders.
  • Display interpersonal and negotiation qualities to articulate results/conclusions/memos of control testing activities and communicate to key stakeholders across CNB.
  • Contribute to the development of reporting, including Regulator updates, senior management, and the Board
  • Demonstrate understanding of operational risk, control testing methodologies, and related regulatory and compliance standards.
  • Continuously develop domain subject matter expertise in control evaluation activities.
  • Contribute to ad-hoc assignments/special projects.
  • Demonstrate strong management skills to effectively lead and engage the team to execute control assessment activities (e.g. review and challenge, controls testing).



WHAT DO YOU NEED TO SUCCEED

Must-Have*

  • Bachelor's Degree
  • Minimum 7 years of experience in financial services industry, with at least five years in an operational risk management, internal audit, or compliance role
  • Minimum 3 years of management experience


Skills and Knowledge

  • Bachelor's degree or higher and other professional qualifications such as a CPA, CA, etc.
  • Strong business knowledge of financial services and controls testing
  • Understanding of Risk Management/Operational Risk Management and Internal Controls testing methodology
  • Ability to handle complexity and ambiguity
  • Proven track record building strong relationships across multiple business functions
  • Ability to deal effectively with conflict
  • Well-developed influencing skills
  • Ability to work independently
  • Ability to work in a matrix environment
Compensation Starting base salary: $130,990 - $170,155 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.



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.

Positions based in New York City: In order to work on-site at City National Bank in New York City, you must be fully vaccinated against COVID-19, per city requirements. Shortly after your start date, you will be required to attest to your vaccination status and will be required to provide proof of vaccination. Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled


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