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City National Bank
Position is responsible for overseeing and maintaining assigned areas of the compliance program covering consumers including monitoring business areas for compliance with applicable laws and regulations and ensuring controls are in place to mitigate compliance risk.
The incumbent is responsible for monitoring issues remediation strategy for compliance identified issues and ensuring issues are closed in a manner which both adheres to the regulatory requirements while assisting business areas with implementing corrective actions or procedural changes and applying a risk-based approach to remediation strategies.
Serve as a compliance subject matter expert for assigned areas of responsibility
Assists with compliance risk assessments analyzing the Banks compliance risks determine if current controls mitigate risk adequately.
Analyze new and changing consumer laws and regulations through regulatory change management process and disseminate information to applicable business areas for implementation
Assist with updates to consumer related compliance policies procedures and training material
Assist the Sr Compliance Officer Compliance Manager and Risk Assessment team with the review and challenge of the compliance testing programs controls and related processes.
Performs research on regulations and provides guidance to business operations on lending compliance requirements.
Maintain and report compliance testing or monitoring results for assigned business units.
Attends meetings to discuss testing and risk assessment results and business to remediation plans.
Review marketing materials for business areas or products including credit card mortgage small business and consumer lending or deposit ensuring materials comply with regulatory and business standards
Participates in compliance-related Committees and Advisory meetings as assigned maintain minutes or notes as applicable.
Performs independent compliance reviews on specific loan-level accounts as necessary through review and challenge process
Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements e.g. Bank Secrecy Act Community Reinvestment Act Fair Lending Practices Code of Conduct etc..
Assist with regulatory examination and serve as liaison with regulators when requested.
Provide guidance on regulations requirements and Bank procedures.
Conducting and documenting reviews and addressing findings with employees and supervisors.
Drafting and maintaining employee training for assigned topic areas.
Analyze the Banks compliance risk determine if current processes control risk.
Other duties and special projects as assigned.
Bachelors Degree or equivalent
Minimum 7 years of compliance or regulatory reporting in the consumer lending space
Minimum 5 years combined experience in consumer lending space or retail banking compliance or working in a legal department
Minimum 3 years experience with managing projects or processes
College degree preferred. Relevant equivalent work experience may be substituted for degree preference.
Advanced knowledge of banking and consumer compliance laws and regulations as related to lending and bank operations Examples include but are not limited to ECOARegulation B FCRA Flood Disaster Protection Act MLA SCRA RESPA TILA TRID .
Experience with consumer credit cards andor reviewing marketing materials is a plus.
Ability to analyze complex situations and provide guidance make recommendations andor escalate issues to appropriate levels of management
Ability to operate effectively in a fast paced environment.
Excellent organizational and analytical skills.
Ability to communicate clearly and professionally with all levels of an organization.
Excellent written and verbal communications skills.
Effective interpersonal skills.
Proficiency in multi-tasking and prioritizing projects.
Excellent time management skills and be accustomed to working with deadlines.
Certified Regulatory Compliance Manager CRCM Certified Internal Auditor CIA andor Certified Financial Services Auditor CFSA designation a plus.
Experience communicating and interacting with regulatory agencies including exam management and other regulatory affairs.
For Banking Compliance related roles Certified Compliance Risk Manager CRCM.
For Wealth Management Compliance roles experience with a financial institution such as a brokerdealer andor registered investment adviser.
For Wealth Management Compliance roles experience working within a Compliance Investment Management role.
Starting base salary 77000 - 143000 per year. Exact compensation may vary based on skills experience and location. This job is eligible for bonus andor commissions.
At 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 date
Generous 401k 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
Get a more detailed look at our Benefits and Perks.
Since day one weve 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 Americas leading diversified financial services companies.
To learn more about City National and our dynamic company culture visit us at About Us.
City 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.
LI-JR1CR-JR
Remote
Analysis Skills, Bank Secrecy Act, Banking Operations, Banking Regulations, Banking Services, Business Loans, Business Operations, Business Plan, Certified Internal Auditor (CIA), Change Management, Communication Skills, Community Banking, Community Support, Consumer Loans, Consumer Regulations, Corrective Action, Credit Analysis, Credit Cards, Customer Relations, Dental Insurance, Entrepreneurship, Establish Priorities, Fair Credit Reporting Act (FCRA), Fair Lending, Financial Audit, Financial Services, Health Plan, Identify Issues, Interpersonal Skills, Investment Management, Legal, Loan Operations, Loan Policy, Loan Review, Loans, Maintain Compliance, Marketing, Mortgage, Multitasking, Network Support, Organizational Skills, People Management, Presentation/Verbal Skills, Process Control Engineering, Process Management, Program Control, Project/Program Management, Registered Investment Advisor (RIA), Regulations, Regulatory Compliance, Regulatory Requirements, Retail Banking, Risk, Risk Analysis, Risk Management, Test Program, Testing, Time Management, Truth in Lending Act (TILA), Vision Plan, Wealth Management, Writing Skills
City National Bank
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