Location: Newark,DE, USA
INTERNAL CONTROLS OFCRWHAT IS THE OPPORTUNITY?Operational Risk Management (ORM) is responsible for providing independent and objective oversight of the management of risks arising from City National Bank's business processes, people, systems or external events. The Internal Controls team within ORM is responsible for providing governance and oversight to ensure CNB proactively manages its operational risks with a sound framework of internal controls. This includes oversight and independent challenge over the first line of defense Internal Controls Testing Framework, developing a common methodology and standards, executing independent testing of key operational controls, and conducting horizontal and targeted reviews, and issue management. The Officer level is responsible for review and challenge self-assurance activities conducted by the front line to ensure compliance with Internal Controls Management Policy (ICMP) and Standard through ongoing assessment, monitoring, reporting and testing activities, including providing review and challenge to the outcomes of evidence-based control evaluation performed by the Control Testing Center of Excellence (CT COE).What you will doResponsible for performing testing of moderate to complex components of assigned engagements within multiple segments of the Internal Controls Annual PlanPerforms review and challenge of self-assurance activities conducted by the front line to ensure compliance with ICMP and StandardCreates narratives and flow charts from walkthroughs with first line staff and management in all divisions, confirming key controlsAssesses controls for design and operating effectiveness in accordance with ICMP and StandardDrives and executes data analytics for assigned audits to ensure efficient executionProvides timely and quality work that is clearly documented and ready for reviewExercises independent judgment in identifying issues and assessing riskDevelops and maintains strong business relationships with first and second line teams across the enterpriseEnsures coverage approaches and testing are risk-based and executed in accordance with Internal Control testing procedures and guidanceArticulates control deficiencies clearly and concisely to managementMaintain authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered/testedAssist risk management control testing team with departmental initiatives and other duties as assigned.Must-Have*Bachelor's Degree or equivalentMinimum 3 years of Internal Audit, public accounting, compliance, risk management or control testing experienceMinimum 2 years experience in financial servicesSkills and KnowledgeBachelor's degree or higher and other professional qualifications such as a CPA, CA, etc.Understanding of risks within financial services and related risk management processesKnowledge of internal control identification and documentation, walkthroughs, testing, and reporting requiredAbility to communicate effectively verbally and writtenAnalytical and problem solving skills as well as the ability to work independentlyStrong organizational skills, including effective time management and project management required,Technology and computer skills, with the ability to effectively use Microsoft Office (Word, Excel, Outlook, PowerPoint)Actively contributes ideas, suggestions, and constructive comments in meetings and discussionsAdapts quickly to change and makes suggestions for increasing the effectiveness of changeCompensationStarting base salary: $92,114 - $156,880 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 qualificationsThe 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 PerksAt 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 EMPLOYMENTCity 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 NATIONALWe 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.#LI-NK1