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Company: City National Bank
Location: New York, NY
Career Level: Associate
Industries: Banking, Insurance, Financial Services

Description

BUSINESS CONTINUITY RISK MANAGEMENT LEAD WHAT IS THE OPPORTUNITY? Business Continuity Risk Management (BCRM) program is in the second line of defense and is accountable for CNB's BCRM strategy and framework, enabling CNB to identify, measure, monitor, and mitigate the risks associated with business continuity arising from CNB's business processes, people, systems or external events. BCRM works across CNB's businesses and functions, providing independent oversight and challenge to ensure effective implementation of BCM practices in compliance with regulatory and policy requirements. BCRM is also accountable to provide insight on CNB's overall Business Continuity Risk Profile.The Business Continuity Risk Management Lead is responsible for leading business continuity risk assessments, providing advice and independent challenge, monitoring metrics/key risk indicators, conducting business continuity risk reviews and analysis, and reporting thematic risks to ensure the Business Continuity Risk Profile is fairly presented. What you will do

  • Drive the development and execution of the BCRM risk program, framework, policies and procedures consistent with City National Bank's and RBC's Risk Framework to ensure a sound control environment from a BC/Operational Resilience perspective.
  • Engage with internal stakeholder groups and external resources to maintain awareness of current and emerging risks and regulatory expectations.
  • Lead independent business continuity risk reviews on new products, new processes, risks and control assessments, and root cause analysis.
  • Streamline processes for risk identification and assessment, control assessment, testing and issue management.
  • Lead continuous improvement activities and initiatives for BCRM, working with stakeholders, subject matter experts, and analysis of exception reports to define issues, determine root cause, and determine appropriate changes.
  • Lead audit and regulatory BCRM remediation activities and ensure that all requests are completed timely, and materials provided as appropriate.
  • Provide advice and oversight on business continuity risk issues, monitoring and measuring business continuity risk performance, policy adherence, and reviewing and challenging of strategy (initiative, products), control design, implementation, testing, and remediation across CNB.
  • Develop risk analysis and reporting, including risk metrics and thematic reviews, for dissemination to both first line of defense BCM leadership, risk management committees, CNB's parent holding company, and CNB's regulators.
  • Liaise with key stakeholder groups including Enterprise Risk Management, Operational Risk Management, First Line Business Continuity Management, Crisis Management Group, and Third-Party Risk Management.
  • Ensure appropriate escalation of issues to first line and senior management as required.
  • Drive the development and execution of the BCRM risk program, framework, policies and procedures consistent with City National Bank's and RBC's Risk Framework to ensure a sound control environment from a BC/Operational Resilience perspective.
  • Engage with internal stakeholder groups and external resources to maintain awareness of current and emerging risks and regulatory expectations.
  • Lead independent business continuity risk reviews on new products, new processes, risks and control assessments, and root cause analysis.
  • Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding CNB, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Must-Have*

  • Bachelor's Degree or equivalent experience
  • Minimum 8 years of Business Continuity Management, Operational Risk or Resilience assurance and / or oversight, or business continuity audit or compliance experience.
  • Minimum 6 years of experience in risk and controls, appropriately scoping assessments, providing credible challenges, and performing assurance testing.

Skills and Knowledge

  • Comprehensive knowledge and experience in operational risk management processes and methodologies.
  • Strong understanding of the business continuity risk governance framework and practices; knowledge of the FFIEC IT BCM Handbook.
  • Currently hold or quickly obtain industry recognized certification within the business continuity industry.
  • Excellent oral and written communications skills; experience performing both detailed and executive-level documentation.
  • Experience using business continuity or Governance, Risk and Compliance (GRC) systems.
  • Ability to drive change to business practices by working effectively. Self-starting with the ability to multitask and prioritize in a dynamic, fast paced environment.
  • Strong project management skills.
  • Client-focused and open to different ideas/viewpoints.
  • Advanced knowledge of Microsoft Office tools; specifically, Excel, PowerPoint and SharePoint.
  • Demonstrated analytical skills with follow-up and problem solving capability to improve quality, controls, and efficiency.
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.


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