What are the responsibilities and job description for the Business Controls Manager- Finance position at City National Bank?
BUSINESS CONTROLS MANAGER- FINANCE AND ACCOUNTING
WHAT IS THE OPPORTUNITY?
This position will work with the City National Bank's ("CNB") Business Control Officer ("BCO") team for Corporate Functions, specifically Finance and Accounting, and will partner with other 2LOD teams across the organization. Responsibilities will encompass understanding risks and controls within the Corporate Function areas, 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
- Work collaboratively within the first LOB's and with second line of defense teams to coordinate risk management and testing activities.
- Act as subject matter expert for the activities performed in the division and their associated risk exposures.
- Execute risk assessment programs (e.g. Risk Control Self Assessments, Business Impact Assessments, Vendor Risk Assessments, New Applications) to identify and quantify the risks and their associated controls in the division.
- Establish processes to test and report on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded etc.)
- Provide recommendations to remediate risk exceptions and assist with the implementation of remediation plans.
- Coordinate the completion of risk mitigating actions and providing status updates of open / closed issues to senior management and second line risk management functions.
- Develop trend analysis of testing results to help identify key processes, policies and / or practices to ensure corrective action is taken.
- Ensure appropriate colleagues in the division are trained on the applicable risk management practices, reporting, etc.
- Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit.
- Interface with Internal Audit and Regulators as necessary to help support Banking and Wealth Management activities.
- All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National's PRIDE statement.
Must-Have
Skills and Knowledge
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.
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 : $111,408 - $189,738
