Business Controls Manager

BUSINESS CONTROLS MANAGER WHAT IS THE OPPORTUNITY?

This position is responsible for development and recommendations of risk metrics designed to effectively manage and mitigate risks associated with Commercial Front Line Units of City National Bank (CNB). The role will serve as a risk and control resource to support LOB's and 2

LOD / 3

LOD support functions, including but not limited to Operational Risk, Business Continuity, IT Risk, Vendor Risk, Corp. Security, Compliance, Internal Audit, etc. Responsible for the ongoing development and expansion of the risk assessment and testing programs to ensure key risks are captured, measured and tested accordingly. Assist in the preparation of materials and presentations to 1st LOB executives detailing results of their unit's risk results.

• Work collaboratively within the Commercial 1
  
  LOD and to coordinate risk management and monitoring activities.
• 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.
• Work with Senior Business Control Managers to establish processes to monitor 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.
• Respond to Internal Audit and Regulators as necessary to help support Commercial Banking activities.
• Responsible for the support in development and implementation of compliance-related assessments, programs, development of controls to aid in implementation of regulation, rules, and risk management requirements.
• Analyze, evaluate and periodically review relevant compliance and risk management practices across the organization, including activities at network affiliates. Collaborate closely with colleagues across the 2
  
  LOD and 3
  
  LOD to strengthen the control environment and enhance risk management practices.
• 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 2
  
  LOD Review & Challenge interactions with LOB, engage with 2
  
  LOD Compliance Testing (including RBC) to provide sufficient guidance and support during the testing period.

• Bachelor's Degree or equivalent
• Minimum 8-10 years managing projects
• Minimum 8-10 years within or related to financial services

• MBA, JD, or other advanced degree (e.g., JD, MBA, Masters, etc.) preferred
• 8 years of experience managing projects
• 7 years in a role requiring complex problem solving
• Strong interpersonal and influencing skills - and ability to interact with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources
• Strong emerging end-to-end generalist problem solving skills, e.g.,
• Defining and deconstructing problems
• Prioritizing issues and analysis
• Structuring and building quantitative and qualitative/conceptual analyses
• Knowledge in Financial Services, Project Management
• Demonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results.
• Proficiency with MS Excel and Power Point
• Excellent time management, organizational, and prioritization skills and ability to balance multiple priorities.
• Diverse problem solving experience
• An outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and written),…