Senior Manager - Investment Management Governance Office - RNDIP​/ Reg R

SENIOR MANAGER, INVESTMENT MANAGEMENT GOVERNANCE OFFICE, RNDIP / REG R

Working within the Investment Management Governance Office and with Senior Management of the Wealth Management division, this role will be responsible for City National Bank's Retail Non-Deposit Investment Program (RNDIP) and Reg R compliance to include coordination with City National Bank's Network Affiliates and colleagues across the division to implement policies, develop procedures and controls related to the governance requirements outlined in the OCC RNDIP Handbook (June 2024) and produce quarterly metrics and reports to the Wealth Management & Fiduciary Committee and the Private Banking and Wealth Management Business and Risk Committee.

This role also works closely with 2

LOD Compliance and 3

LOD Internal Audit on issues impacting the Wealth Management division.

• At the direction of the Head of Investment Management Governance act as an intermediary/point person for City National Bank's (“CNB’s) Investment Management Governance Office, which includes managing the Retail Non-Deposit Investment Products (the “RNDIP”) program and Reg R compliance.
• 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 applicable issues are identified, analyzed and managed appropriately. Understand interdependencies across LOBs and support groups to achieve success in supporting remediation of regulatory, internal audit, and self-identified issues.
• Analyze, evaluate and periodically review current risk management practices relating to RNDIP and Reg R activities across the organization and the activities of the network affiliates. Collaborate closely with colleagues across Risk, Compliance and Internal Audit to strengthen the control environment and enhance risk management practices.
• Monitor activities of the network affiliates for adherence to CNB’s networking agreements and RNDIP policies, Program Management Statement and procedures.
• Drive annual review of CNB Compensation Plans RNDIP inter-company agreements, RNDIP Products, RNDIP Program Management Statement, RNDIP Program and Referral Procedures, and other related procedures owned by the IMGO.
• Review marketing materials and new or modified products for applicability to RNDIP and Reg R.
• Design and implement reporting associated with RNDIP to appropriate governance committees.
• Develop and implement training for RNDIP programs across LOBs.
• Lead execution of activities described in the RNDIP Program Procedure, including completion of annual RNDIP risk assessment summary.
• Prioritize organizational risk management objectives.
• Facilitate audit and examination activities.
• Cultivate and grow talent within the organization through coaching, mentoring, and training.

• Bachelor's Degree or equivalent
• 7+ years experience managing a RNDIP Program for an OCC regulated Bank
• 10+ years within or related to financial services
• Interaction with regulators from a prior role

• Juris Doctor (JD) degree preferred
• Demonstrated knowledge of Reg R from prior role
• 10 years in a role requiring complex problem solving
• Investment Management experience preferred
• Strong interpersonal and influencing skills; ability to communicate effectively in interactions with Regulators. Communication with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources
• Demonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results.
• Strong emerging end-to-end generalist problem solving skills, e.g.,
• Prioritizing issues and analysis
• Structuring and building quantitative and qualitative/conceptual analyses
• Knowledge in Financial Services, Project Management
• Excellent time management, organizational, and prioritization skills and ability to balance multiple priorities.
• An outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and…