VP Operational Risk Reporting

WHAT IS THE OPPORTUNITY?

This position, in the Second Line of Defense (2nd LOD), is responsible for the effective articulation of CNB’s Operational Risk profile to the relevant risk committees, Board and senior executive teams. As VP, Operational Reporting you will continuously develop and evolve best-in-class Operational Risk Reporting practices, exercise influence and provide guidance & support the integration of CNB into relevant OR Enterprise Practices such as risk appetite or KRI development. You will work closely with the Operational Risk leadership team, and collaborate widely across Operational Risk community, as well as with RBC Enterprise and US Risk counterparts.

Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.

WHAT WILL YOU DO?

• Lead the Ongoing Evolution of CNB’s Operational Risk Management Reporting Practices
• Manage the quarterly and monthly production of Operational Risk reports for CNB; seek continuous enhancements for a streamlined and efficient reporting process including information gathering, data analytics, content visualization and editing, etc.
• Partner with key stakeholders and lead discussions with Operational Risk leadership team to effectively articulate CNB’s risk profile with forward looking views.
• Develop the quantitative and qualitative methodology and procedures for setting enterprise level Risk Appetite thresholds applicable to the Banks' 2nd line risk functions
• Understand, interpret, and present recommendations for action based on a data-driven analysis
• Measure and report on bank risk appetite 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 prove effective challenge and validation of key risk indicator results and operational risk events reported by business units
• Utilize analytical tools and methodologies to support analysis of internal and external risk metrics
• Enhance the Key Risk Indicator Dashboard, derived from risk-based analysis, 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 information
• Report on existing and emerging areas of risk, implications of risk appetite and tolerance, and the ability of the risk management and control infrastructure to support business activities
• 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

WHAT DO YOU NEED TO SUCCEED

Must-Have*

• Bachelor's Degree (Master’s preferred) in risk, finance, mathematics, engineering or statistics
• Minimum 5 years of experience in banking or consulting
• Minimum 7 years of experience in Risk, Audit (external/internal) or in a Compliance function
• Minimum 3 years of experience in data management and analysis

Skills and Knowledge

• Familiarity with statistical approaches (i.e. logistic, OLS) and project management techniques.
• Knowledge of risk management, banking systems, credit life cycle, CCAR process, risk management methodologies and financial industry regulations (OCC, FDIC, Fed)
• Past experience in Risk area, Second line Risk function, External/Internal Audit function or Governance/Compliance function
• Experience in data management and analysis in 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: $111,408 - $189,738 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.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. 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 law.

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.