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 lineMeasure and report on bank ORM risk appetite metrics, including ORM concentration risk metrics, and solicit for key measures on the Bank’s risk postureParticipate in risk mitigation development to ensure that strategies are in place to maintain risk profile within established limitsEstablish capabilities and provide effective challenge and validation of key risk indicator results reported by business unitsDevelop and report metrics consistent with bank's Enterprise and Operational Risk Management Frameworks and risk taxonomy, ensuring uniform reporting throughout all 2nd line risk functionsUtilize analytical tools and methodologies to support analysis of internal and external risk metricsActs 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 committeesPartner with RBC Enterprise and RBC Combined US Operations (CUSO) stakeholders to drive organizational alignment and maturity of the Operational RAM Program and practicesCoordinate with external banking partners, Royal Bank of Canada (RBC) and other managed affiliates to fulfill regulatory reporting requirementsRegularly 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 managementWork 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 equivalentMinimum 7 years experience in the financial services sectorMinimum 5 years of experience in Risk Management, ORM or Internal AuditMinimum 5 years of management or operational experience Additional QualificationsPrior experience with developing or enhancing risk appetite programsQuantitative 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, PowerPointExperience with reporting tools desired.Ability to work independently
WHAT'S IN IT FOR YOU?CompensationStarting base salary: $99,000-$176,000. Exact compensation may vary based on skills, experience, and location.
Benefits and PerksAt City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start dateGenerous 401(k) company matching contributionCareer Development through Tuition Reimbursement and other internal upskilling and training resourcesValued Time Away benefits including vacation, sick and volunteer timeSpecialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programsCareer Mobility support from a dedicated recruitment teamColleague Resource Groups to support networking and community engagement Get a more detailed look at our Benefits and Perks.
ABOUT USSince day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENTCity 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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