ADDITIONAL QUALIFICATIONS

• Bachelor’s degree or higher and other professional qualifications such as CPA, CIA, CFE, etc.
• Knowledge of OCC rules and regulations related to Payment Systems (i.e. FFIEC guidance and heightened standards for Large Financial Institutions)
• Strong understanding of three lines of defense risk management structure and requirements
• Strong understanding of Risk Management/Operational Risk Management
• Strong knowledge of internal control management practices and testing methodology with proven experience in controls management design and/or execution
• Strong knowledge of issue management practices with proven experience in issue resolution
• Strong knowledge of financial services and products related to Payment Systems.
• Ability to handle complexity and ambiguity
• Ability to deal effectively with conflict
• Well-developed influencing skills
• Strong interpersonal, verbal, and written communication skills
• Demonstrated ability to think critically and facilitate change through collaborative effort.
• Self-motivation, discipline, task focus, the ability to structure and present work and a proven record of delivering high quality results within strict deadlines.
• Ability to multitask and prioritize several concurrent initiatives
• Ability to work in a matrix environment

ABOUT US

Since 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.

• All responsibilities are related to payment systems:
• Work collaboratively with assigned business or corporate unit(s) to embed an understanding of the risk profile and risk appetite of the bank.
• Review and challenge operational risk practices against CNB operational risk framework and policies, including but not limited to 1LOD output of risk identification assessments and scenario analysis, Risk and Control Self Assessments (RCSA’s), Key Risk Indicators (KRI’s), material existing and emerging exposures, Operational Risk Events (ORE) reporting, and issue resolution.
• Understand material existing and emerging risks which align with assigned business or corporate unit(s) to ensure operation within risk appetite and fair representation of the operational risk profile
• Review, challenge and monitor 1LOD risk appetite and key indicators, and their performance to risk appetite levels
• Review and challenge whether 1LOD strategic priorities sufficiently consider the full spectrum of risks, and whether all risks have been adequately assessed across all strategic priorities
• Provide advisory, oversight, and challenge to 1LOD development and implementation of business processes, procedures, and controls to adhere to operational risk governance requirements
• Review and challenge 1LOD risk acceptances and new business initiatives
• Credibly challenge 1LOD risk monitoring and reporting and related protocols, in conjunction with risk type teams, including metric trigger explanations and associated action plans
• Review and challenge 1LOD annual testing and monitoring plans, the adequacy of control management activities and assessment results, and risk mitigation strategies to address gaps in control design or operating effectiveness
• Review and challenge regulatory remediation activities in assigned coverage areas to ensure operational risk exposures associated with known control deficiencies are addressed. This includes providing oversight and challenge throughout the Issue Management Lifecycle, which may include issue details; root cause analysis; action plan; material issue changes; management’s completion of the required and/or committed corrective actions with supporting evidence; control management activities; and sustainability.
• Review and challenge self-identified issues and escalation in assigned coverage areas, including challenge of issue ratings, corrective action plans, due date extensions, and thematic issues in accordance with the CNB Issue Management Policy
• Influence and monitor progress of action plans to improve the risk and control environment arising from risk assessments, risk monitoring, internal and external events, and regulatory exams
• Exhibit high attention to details in identifying, aggregating, and communicating issues and control gaps to appropriate stakeholders
• Lead with the preparation of status reports, key metrics and other ORM reporting information as requested by management, the Risk Committee or RBC.
• Contribute to ad-hoc assignments/special projects
• Maintain awareness of current regulatory/industry trends impacting the Bank’s operational risk management program or practices.
• Maintain familiarity of, and technical expertise with, business unit(s) organizational structure, personnel, activities and products, new product development, financial performance, and risk and problem areas
• Act as an internal advisor to business and corporate units regarding the ORM framework, policies and procedures.
• Support and facilitate audit and regulatory exam activities
• Build effective relationships, alliances, and strategic partnerships across CNB and RBC to help deliver results and to ensure opportunities are identified, analyzed, and managed appropriately. Understand interdependencies to achieve success.
• Build and grow risk talent through mentoring, coaching, and training