ORM – Risk Metrics Program Lead

City National Bank • Los Angeles, CA

4d • $99,000 - $176,000

About The Position

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.

Requirements

• Bachelor's Degree or equivalent
• Minimum 7 years experience in the financial services sector
• Minimum 5 years of experience in Risk Management, ORM or Internal Audit
• Minimum 5 years of management or operational experience
• 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, PowerPoint
• Ability to work independently

Nice To Haves

• Prior experience with developing or enhancing risk appetite programs
• Quantitative analysis and data management experience desired.
• Experience with reporting tools desired.

Responsibilities

• Lead the development of CNB’s ORM Risk Appetite Metrics and Statements across the first and second line
• Measure and report on bank ORM risk appetite metrics, including ORM concentration risk 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 provide effective challenge and validation of key risk indicator results reported by business units
• Develop and report metrics consistent with bank's Enterprise and Operational Risk Management Frameworks and risk taxonomy, ensuring uniform reporting throughout all 2nd line risk functions
• Utilize analytical tools and methodologies to support analysis of internal and external risk metrics
• Acts 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 committees
• Partner with RBC Enterprise and RBC Combined US Operations (CUSO) stakeholders to drive organizational alignment and maturity of the Operational RAM Program and practices
• Coordinate with external banking partners, Royal Bank of Canada (RBC) and other managed affiliates to fulfill regulatory reporting requirements
• Regularly 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 management
• Work 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

Benefits

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees