City National Bank
Operational Risk Fraud Oversight Manager II
City National Bank, Newark, Delaware, United States, 19711
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 Fraud Manager II will contribute to the ongoing review and monitoring of operational risk programs executed by assigned 1LOD business or corporate unit(s), including Risk and Control Assessments, Control Management Activities, Key Risk Indicators, Operational Risk Events, Issue Management, Scenario Analysis, Risk Appetite, Products and aggregating and reporting of operational risk information to the Management Risk Committee, Risk Committee of the Board and RBC.
The Fraud Manager II is responsible for providing advisory and oversight for Fraud within ORM, with a particular focus on strengthening operational risk management efforts to support decision-making.
Responsibilities:
Work collaboratively with assigned business or corporate unit(s) to embed an understanding of the risk profile and risk appetite of the bank. Review and challenge operational risk practices against CNB operational risk framework and policies. Understand material existing and emerging risks which align with assigned business or corporate unit(s) to ensure operation within risk appetite and fair representation of the operational risk profile. Review, challenge and monitor 1LOD risk appetite and key indicators, and their performance to risk appetite levels. Provide advisory, oversight, and challenge to 1LOD development and implementation of business processes, procedures, and controls to adhere to operational risk governance requirements. Review and challenge 1LOD risk acceptances and new business initiatives. Credibly challenge 1LOD risk monitoring and reporting and related protocols. Review and challenge 1LOD annual testing and monitoring plans, the adequacy of control management activities and assessment results, and risk mitigation strategies to address gaps in control design or operating effectiveness. Review and challenge regulatory remediation activities in assigned coverage areas to ensure operational risk exposures associated with known control deficiencies are addressed. Lead with the preparation of status reports, key metrics and other ORM reporting information as requested by management, the Risk Committee or RBC. Contribute to ad-hoc assignments/special projects. Maintain awareness of current regulatory/industry trends impacting the Bank’s operational risk management program or practices. Maintain familiarity of, and technical expertise with, business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas. Act as an internal advisor to business and corporate units regarding the ORM framework, policies and procedures. Support and facilitate audit and regulatory exam activities. Build effective relationships, alliances, and strategic partnerships across CNB and RBC to help deliver results and to ensure opportunities are identified, analyzed, and managed appropriately. Build and grow risk talent through mentoring, coaching, and training. Requirements:
Bachelor's Degree or equivalent. Minimum 10 years of experience in the financial services industry. Minimum 7 years of experience in risk management, operational risk management, compliance, or audit. Minimum 5 years of control assessment and validation experience. Additional Qualifications:
Bachelor’s degree or higher and other professional qualifications such as CPA, CIA, etc. Knowledge of OCC rules and regulations (i.e. heightened standards for Large Financial Institutions). Strong understanding of three lines of defense risk management structure and requirements. Strong understanding of Risk Management/Operational Risk Management. Strong knowledge of internal control management practices and testing methodology with proven experience in controls management design and/or execution. Strong knowledge of issue management practices with proven experience in issue resolution. Ability to handle complexity and ambiguity. Ability to deal effectively with conflict. Well-developed influencing skills. Strong interpersonal, verbal, and written communication skills. Demonstrated ability to think critically and facilitate change through collaborative effort. Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results within strict deadlines. Ability to multitask and prioritize several concurrent initiatives. Ability to work in a matrix environment. City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
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Work collaboratively with assigned business or corporate unit(s) to embed an understanding of the risk profile and risk appetite of the bank. Review and challenge operational risk practices against CNB operational risk framework and policies. Understand material existing and emerging risks which align with assigned business or corporate unit(s) to ensure operation within risk appetite and fair representation of the operational risk profile. Review, challenge and monitor 1LOD risk appetite and key indicators, and their performance to risk appetite levels. Provide advisory, oversight, and challenge to 1LOD development and implementation of business processes, procedures, and controls to adhere to operational risk governance requirements. Review and challenge 1LOD risk acceptances and new business initiatives. Credibly challenge 1LOD risk monitoring and reporting and related protocols. Review and challenge 1LOD annual testing and monitoring plans, the adequacy of control management activities and assessment results, and risk mitigation strategies to address gaps in control design or operating effectiveness. Review and challenge regulatory remediation activities in assigned coverage areas to ensure operational risk exposures associated with known control deficiencies are addressed. Lead with the preparation of status reports, key metrics and other ORM reporting information as requested by management, the Risk Committee or RBC. Contribute to ad-hoc assignments/special projects. Maintain awareness of current regulatory/industry trends impacting the Bank’s operational risk management program or practices. Maintain familiarity of, and technical expertise with, business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas. Act as an internal advisor to business and corporate units regarding the ORM framework, policies and procedures. Support and facilitate audit and regulatory exam activities. Build effective relationships, alliances, and strategic partnerships across CNB and RBC to help deliver results and to ensure opportunities are identified, analyzed, and managed appropriately. Build and grow risk talent through mentoring, coaching, and training. Requirements:
Bachelor's Degree or equivalent. Minimum 10 years of experience in the financial services industry. Minimum 7 years of experience in risk management, operational risk management, compliance, or audit. Minimum 5 years of control assessment and validation experience. Additional Qualifications:
Bachelor’s degree or higher and other professional qualifications such as CPA, CIA, etc. Knowledge of OCC rules and regulations (i.e. heightened standards for Large Financial Institutions). Strong understanding of three lines of defense risk management structure and requirements. Strong understanding of Risk Management/Operational Risk Management. Strong knowledge of internal control management practices and testing methodology with proven experience in controls management design and/or execution. Strong knowledge of issue management practices with proven experience in issue resolution. Ability to handle complexity and ambiguity. Ability to deal effectively with conflict. Well-developed influencing skills. Strong interpersonal, verbal, and written communication skills. Demonstrated ability to think critically and facilitate change through collaborative effort. Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results within strict deadlines. Ability to multitask and prioritize several concurrent initiatives. Ability to work in a matrix environment. City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.
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