City National Bank
ORM – Risk Metrics Program Lead
City National Bank, Los Angeles, California, United States, 90079
ORM – RISK METRICS PROGRAM LEAD
WHAT IS THE OPPORTUNITY?
This position will be responsible for supporting the development and operation of City National Bank's (CNB's) Operational Risk Management (ORM) Risk Metrics and Risk Appetite program. Responsibilities include managing ORM metric processes; developing ORM metrics and thresholds; creating/enhancing bank-wide ORM metrics reports; and facilitating the implementation and integration of ORM metrics and appetite principles across all levels of the bank.
WHAT WILL YOU DO?
Lead the development of CNB’s ORM Risk Appetite Metrics and Statements across the first and second line
Measure and report on bank ORM risk appetite metrics, including ORM concentration risk metrics, and solicit for key measures on the Bank’s risk posture
Participate in risk mitigation development to ensure that strategies are in place to maintain risk profile within established limits
Establish capabilities and provide effective challenge and validation of key risk indicator results reported by business units
Develop and report metrics consistent with bank's Enterprise and Operational Risk Management Frameworks and risk taxonomy, ensuring uniform reporting throughout all 2nd line risk functions
Utilize analytical tools and methodologies to support analysis of internal and external risk metrics
Acts as an internal advisor/partner to CNB business units regarding ORM risk appetite matters (e.g., controls, best practices, and industry developments.)
Enhance the Key Risk Indicator Dashboard, derived from risk-based analysis, for presentation to senior management committees
Partner with RBC Enterprise and RBC Combined US Operations (CUSO) stakeholders to drive organizational alignment and maturity of the Operational RAM Program and practices
Coordinate with external banking partners, Royal Bank of Canada (RBC) and other managed affiliates to fulfill regulatory reporting requirements
Regularly prepares status reports, performance metrics, presentations and Bank-wide guidance in accordance with the program and financial industry regulations, ad‑hoc and as requested by management
Work with multiple business units to aggregate and analyze data and information, including holding stakeholders accountable for deliverable timeframes.
Review and challenge action plans created by 1LOD to address breaches of risk appetite
WHAT DO YOU NEED TO SUCCEED? Required Qualifications*
Bachelor's Degree or equivalent
Minimum 7 years experience in the financial services sector
Minimum 5 years of experience in Risk Management, ORM or Internal Audit
Minimum 5 years of management or operational experience
Additional Qualifications
Prior experience with developing or enhancing risk appetite programs
Quantitative analysis and data management experience desired.
Must possess demonstrated ability to think critically and facilitate change through collaborative effort.
Strong interpersonal, verbal and written communication skills.
Extensive knowledge and experience with various reporting, analysis, and presentation tools including MS Excel, PowerPoint
Experience with reporting tools desired.
Ability to work independently
WHAT’S IN IT FOR YOU? Compensation Starting base salary: $99,000-$176,000. Exact compensation may vary based on skills, experience, and location.
Benefits and Perks
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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WHAT WILL YOU DO?
Lead the development of CNB’s ORM Risk Appetite Metrics and Statements across the first and second line
Measure and report on bank ORM risk appetite metrics, including ORM concentration risk metrics, and solicit for key measures on the Bank’s risk posture
Participate in risk mitigation development to ensure that strategies are in place to maintain risk profile within established limits
Establish capabilities and provide effective challenge and validation of key risk indicator results reported by business units
Develop and report metrics consistent with bank's Enterprise and Operational Risk Management Frameworks and risk taxonomy, ensuring uniform reporting throughout all 2nd line risk functions
Utilize analytical tools and methodologies to support analysis of internal and external risk metrics
Acts as an internal advisor/partner to CNB business units regarding ORM risk appetite matters (e.g., controls, best practices, and industry developments.)
Enhance the Key Risk Indicator Dashboard, derived from risk-based analysis, for presentation to senior management committees
Partner with RBC Enterprise and RBC Combined US Operations (CUSO) stakeholders to drive organizational alignment and maturity of the Operational RAM Program and practices
Coordinate with external banking partners, Royal Bank of Canada (RBC) and other managed affiliates to fulfill regulatory reporting requirements
Regularly prepares status reports, performance metrics, presentations and Bank-wide guidance in accordance with the program and financial industry regulations, ad‑hoc and as requested by management
Work with multiple business units to aggregate and analyze data and information, including holding stakeholders accountable for deliverable timeframes.
Review and challenge action plans created by 1LOD to address breaches of risk appetite
WHAT DO YOU NEED TO SUCCEED? Required Qualifications*
Bachelor's Degree or equivalent
Minimum 7 years experience in the financial services sector
Minimum 5 years of experience in Risk Management, ORM or Internal Audit
Minimum 5 years of management or operational experience
Additional Qualifications
Prior experience with developing or enhancing risk appetite programs
Quantitative analysis and data management experience desired.
Must possess demonstrated ability to think critically and facilitate change through collaborative effort.
Strong interpersonal, verbal and written communication skills.
Extensive knowledge and experience with various reporting, analysis, and presentation tools including MS Excel, PowerPoint
Experience with reporting tools desired.
Ability to work independently
WHAT’S IN IT FOR YOU? Compensation Starting base salary: $99,000-$176,000. Exact compensation may vary based on skills, experience, and location.
Benefits and Perks
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
#J-18808-Ljbffr