Risk Reporting Lead - Incentive Risk Management

RISK REPORTING LEAD - INCENTIVE RISK MANAGEMENT

WHAT IS THE OPPORTUNITY?

This position, in the Second Line of Defense (2nd LOD), will be responsible for supporting the development and operation of City National Bank's (CNB's) Incentive Risk Management program. Responsibilities include developing and maintaining CNB's Incentive Risk Management program; supporting the establishment of appropriate oversight of incentive risks; analyzing risk and rewards to determine drivers of risk-taking behaviors; and implementing senior management and board level reporting. Performs other duties/projects as needed.

What you will do

Develop the quantitative and qualitative methodology and procedures for evaluating risk and reward balance

Understand, interpret, and present recommendations for action based on a data-driven analysis

Participate in risk mitigation development to ensure that strategies are in place to maintain risk profile within established limits

Develop and utilize analytical tools and methodologies to support analysis of internal and external risk metrics

Enhance the existing risk reporting processes and generate risk reporting for presentation to senior management committees

Develop and report metrics consistent with bank's Risk Management Framework and risk pyramid, ensuring uniform reporting throughout all 2nd line risk functions

Work with multiple business units to aggregate and analyze data and informationReport on existing and emerging areas of risk, implications of incentive design on employee risk-taking in support of the bank's business objectives

Report on existing and emerging areas of risk, implications of incentive design on employee risk-taking in support of the bank's business objectives

Participate in workshops and lead activities on key business initiatives, ensuring that existing and emerging risks for new products, processes and transformational initiatives are identified. This also includes the annual business strategy review process and assessments

Coordinate with external banking partners, Royal Bank of Canada (RBC) and other managed affiliates to fulfill regulatory reporting requirements

Successfully completes all required training and special projects as requested

Promote a risk-aware culture, ensure efficient and effective risk and compliance management practices by adhering to required standards and processes

Must-Have*

Bachelor's Degree or equivalent

Minimum 3 years of experience in banking or consulting

Minimum 5 years of experience in data management and analysis

Skills and Knowledge

Master's preferred

Knowledge of risk management methodologies and financial industry regulations (OCC, FDIC, Fed)

Demonstrated ability to design, develop and produce reporting for senior management

Prior experience with incentive risk management a plus

Experience in data management and analysis in Tableau, Appian, Excel and/or SQL

Demonstrated ability to think critically and facilitate change through collaborative effort

Strong interpersonal, verbal, and written communication skills

Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results within strict deadlines

Compensation

Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
• To be considered for this position you must meet at least these basic qualifications

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.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
• City National Bank does business in Miami and the state of Florida as CN Bank.

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) . 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.
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