Business Controls Analyst

Overview

WHAT IS THE OPPORTUNITY? This position will work directly with the City National Bank's ("CNB") Business Control Managers (BCMs) and Business Control Senior Analyst and/or Lead for Consumer Banking and will partner with the Risk Framework leadership team. Responsibilities include understanding controls required for regulatory compliance, identifying relevant issues, solution design, designing required controls and monitoring, leveraging industry practices, and coordinating with colleagues across the organization.

This role contributes constructively and balances challenges to align business objectives with CNB's risk appetite and established limits.

WHAT IS THE OPPORTUNITY? This position will work directly with the City National Bank's ("CNB") Business Control Managers ("BCM" s) and Business Control Senior Analyst and or Lead for Consumer Banking and will partner with the Risk Framework leadership team. Responsibilities will encompass understanding controls required for compliance with applicable regulations, identification of relevant issues, solution design, design of required controls and monitoring, leveraging industry practices and coordination with colleagues across the organization.

This role is expected to contribute constructively and balance challenges, supporting alignment of business objectives with CNB's risk appetite and established limits.

• 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 with colleagues across the 2nd and 3rd lines to strengthen the control environment and enhance risk management practices.
• Analyze and evaluate data that affects the technical, operational, and business functions and provide insight to the practical impacts/implications to the business line.
• Support 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 to 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.
• Assist with the development of a robust risk culture, risk conduct, and risk literacy within the first line of defense, including design and implementation of preventive and detective controls relating to Entertainment Banking activities (focus on Compliance-related controls).
• Coordinate with 1st LOD Testing team to understand observations related to compliance controls and ensure appropriate actions are documented to remediate gaps.
• Act as the business teams’ liaison for business line risk management, compliance activities, legal engagement, and internal or external audits.
• Act as a liaison representing the Business Control Office at internal meetings; establish and cultivate strong working relationships with all stakeholders. Attend meetings with and/or in place of SVP BCO, provide feedback and escalate decisions.
• Build and sustain effective relationships and alliances both internally and across all lines of business and staff areas to help deliver results and ensure opportunities are identified, analyzed and managed appropriately. Understand interdependencies to achieve success.
• Partner with team members to contribute concise communication materials for senior management. Develop presentations for internal and external meetings that are compelling, concise, and graphical to convey messages.
• Prioritize organizational risk management objectives.
• Participate in special projects as necessary.
• Facilitate audit and examination…