What are the responsibilities and job description for the Business Controls Analyst Senior- Vendors and Applications position at City National Bank?
BUSINESS CONTROLS ANALYST SENIOR- VENDORS AND APPLICATIONS WHAT IS THE OPPORTUNITY? This position will work directly with the City National Bank's ("CNB") Business Control Officer ("BCO") and Business Control Managers ("BCM"s) for Corporate Functions and will partner with the Risk Framework leadership team. Responsibilities will encompass understanding controls required for compliance with applicable regulations, identification of relevant issues, solution design, design of required controls and monitoring, leveraging industry practices and coordination with colleagues across the organization.This role is expected to contribute constructively and balance challenges, supporting alignment of business objectives with CNB's risk appetite and established limits. What you will do
- Applications
- Partnering with business and technical owners of applications to manage appropriately by understanding the technical requirements, business needs, and impacts
- Understanding the Application Risk Assessment program and advising the business and technical owners through the process
- Monitoring Software and Hardware End of Life (EOL) and Technology Lifecycle Plans (TLPs) impacting the business and working with the business for successful and timely resolution
- Partnering with the business to identify and remediate application related issues, including working with Technology partners, as necessary
- Vendors
- Partnering with vendor relationship owners and Vendor Management Office (VMO) during onboarding and completing required risk assessments
- Understanding vendor metrics, including understanding the values and working with the relationship owner and VMO for a path to green, as needed
- Partnering with the business to identify and remediate vendor related issues, including working with VMO and Third Party Risk Management (TPRM), as necessary
- Business Continuity
- Partnering with the business to understand Business Impact Analyses (BIA), results of business continuity exercises, critical application status and remediation efforts as needed.
- Responsible for the support in development and implementation of control-related assessments, programs, development of controls to aid in implementation of regulation, rules, and risk management requirements.
- Analyze, evaluate and periodically review relevant risk management practices across the organization, including activities at network affiliates. Collaborate closely with colleagues across the 2nd and 3rd lines to strengthen the control environment and enhance risk management practices.
- Analyze and evaluate data that effects the technical, operational, and business functions and provide insight to the practical impacts / implications to the business line.
- Provide guidance on Control Standards to ensure compliance-related controls are documented in line with the standards
- Participate in execution of essential risk program functions, including Compliance Risk Assessments, Key Risk Indicators (KRI) review, Issue Management, Operational Losses, and more. Provide informed and valuable risk and control perspectives other members of the Business Control team and Business Units.
- Coordinate 2LOD Review & Challenge interactions with LOB, engage with 2LOD Compliance Testing (including RBC) to provide sufficient guidance and support during the testing period
- Contribute to the development of a robust risk culture, risk conduct, and risk literacy within the first line of defense, including design and implementation of preventive and detective controls relating to Entertainment Banking activities (focus on Compliance-related controls)
- Coordinate with 1st LOD Testing team to understand observations related to compliance controls and ensure appropriate actions are documented to remediate gaps
- Act as the business teams' liaison for business line risk management, compliance activities, legal engagement, and internal or external audits.
- Act as a liaison representing Business Control Office at internal meetings; establishing and cultivating strong working relationships with all stakeholders. Attend meetings with and / or in place of SVP BCO, provide feedback and escalate decision.
- Build and sustain effective relationships and alliances both internally and across all lines of business and staff areas to help deliver results and to ensure opportunities are identified, analyzed and managed appropriately. Understand interdependencies to achieve success.
- Partner with team members to contribute concise communication materials for senior management. Develop presentations for internal and external meeting that are compelling, concise, and graphical to convey message.
- Prioritize organizational risk management objectives.
- Participate in special projects as necessary.
- Facilitate audit and examination activities.
Must-Have
Skills and Knowledge
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.
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.
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.
Salary : $92,114 - $156,880
