City National Bank
New York, New York
Credit Risk Reporting Lead
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Apply to Credit Risk Reporting Lead at City National BankJob details
- Location
- New York, New York
- Work type
- Onsite
- Compensation
- $120,000 - $200,000/yr
- Posted
- today
- Apply on
- careers.cnb.com
About this role
CREDIT RISK REPORTING LEAD
WHAT IS THE OPPORTUNITY?
The role involves work with a variety of business units and control groups across the organization. The Regulatory submissions and responses prepared by the team are critical for the ability of the Firm to continue operations. The CCAR Credit group works in close collaboration with subject matter experts from Credit Portfolio Risk, Loan Boarding Operations, Regulatory Reporting, Enterprise Risk Management, Finance and other operating Lines of Business within CNB. Manage Bank projects involving cross-functional teams across operations, technology, finance, legal, compliance and revenue-generating business teams - through all stages of a project/program lifecycle from inception to planning and execution to testing to go-live. Manage large technology initiatives to deliver end to end solutions across multiple technology teams. Communicate the impact of these projects to senior managers, businesses, risk departments and other key stakeholders. Implement effective project governance, including planning, project risk management strategies and meeting cadence. Drive appropriate change management rigor across the functional and technical workstreams (including all core competencies - issue/risk management, financial management, interdependency management, stakeholder/engagement management, schedule/milestone management, etc.).
WHAT WILL YOU DO?
- Managing the workflow of their employees, creating team schedules and delegating tasks.
- Assessing the work performance of their employees and identifying areas that need improvement.
- Training and onboarding new hires to make sure they understand their roles.
- Setting goals for workers and making sure they comply with the CNB’s plans and vision.
- Document current reporting to ensure transparency in the current reporting framework. Evaluate and improve the design of reports in existence, through a centralized process and data flow. Improve access to and quality of data used.
- Perform analytical review on reporting outputs to understand changes in portfolio composition and identify errors or omissions.
- Perform and/or leverage portfolio analysis such as industry/geographic/product segmentation and ensure that impact is expected to ensure accuracy.
- Develop, analyze, and justify assumptions and calculations to ensure transparency throughout the bank incorporating regulatory guidance.
- Work collaboratively with Commercial and Consumer Lines of Business, Risk Management, the Enterprise Data Office, and Regulators. Ensure that schedule changes are well communicated, approach is consistent, and issues are escalated as appropriate to the Regulatory Reporting Disclosure Committee.
- Provide meaningful assessments of IT control environments impacted by financial, risk, and regulatory reporting.
- Monitor new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders.
- Provide consultation and subject matter expertise for each process and IT control related matters including evaluating severity of control deficiencies and related remediation efforts.
- Collaborate with the teams who design, develop, implement, document, and maintain new reporting processes to improve the quality, transparency, and consistency of the data reported.
- Develop relationships with the appropriate levels of management for process improvement ideas, issue identification, and resolution.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
- Bachelor's Degree or equivalent
- 15 years’ experience in finance or credit risk in the banking industry
Additional Qualifications
- Master’s Degree preferred.
- Must have experience working on the FR Y-14M and FR Y-14Q and have in-depth understanding of CCAR reporting.
- Experience working and effectively collaborating with finance, risk, operations and technology teams.
- Background and experience with credit risk and/or operational risk.
- Must be operationally savvy as well as an action-oriented individual who continually strives for improvement.
- Must have excellent written and verbal communication and interpersonal skills.
- Some travel may be required.
- Broad understanding of Capital Markets, Retail Banking, and Wealth Management.
- Familiarity with operational and support environment issues.
- Results driven and self-motivated individual with demonstrated ability to improve operational processes and operate in a team environment.
- Sound problem solving skills, including the ability to identify obstacles or issues and work independently to develop and propose flexible solutions.
- In-depth understanding of regulatory expectations on Enhanced Prudential Standards and Supervisory Expectations and a Range of Current Practices on capital planning and adequacy and the ability to apply those standards using quantitative and qualitative methods.
- Demonstrated ability to organize and present complex topics and analysis in a clear and concise manner (written and verbal).
- Demonstrated ability to maintain professional composure in a dynamic work environment that often requires management/completion of multiple tasks. Demonstrate sound judgement as well as apply logical/critical thought processes.
- Demonstrated financial analysis, quantitative, conceptual, risk assessment, and analytic skills.
- Demonstrated ability to maintain professional composure in a dynamic work environment that often requires management/completion of multiple tasks. Demonstrate sound judgement as well as apply logical/critical thought processes.
- 15-20 years of total work experience, with 10-15 years of management experience, preferred.
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $120,000 - $200,000. Exact compensation may vary based on skills, experience, and location.
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 including:
- 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
Get a more detailed look at our Benefits and Perks.
ABOUT US
Since day one we've 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 America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
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.
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.
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