Control Testing /Reporting Lead 1LOD
City National Bank
Los Angeles, CA, 90071, USA
Los Angeles, CA, 90071, USA
- $77,000 - $143,000 p/year
- Accountancy & Accounting
- Temporary
- control testing
- risk mitigation
- internal controls
The Control Testing/Reporting Lead 1LOD is responsible for designing, implementing, and leading control testing processes to mitigate risks and ensure compliance with internal policies and regulatory standards within the banking sector. This role involves consulting with risk owners, managing testing activities, analyzing results, and communicating findings to senior management and stakeholders across the organization. The position requires expertise in risk management, internal controls, and regulatory compliance, with strong leadership and communication skills.
CONTROL TESTING /REPORTING LEAD 1LOD
WHAT IS THE OPPORTUNITY?
The 1LOD Control Testing/Reporting Lead is a key strategic and integral role for the overall success of the bank. This role is responsible for (i) with the guidance of Manager Control Testing/Reporting, responsible for building sustainable processes with appropriate risk mitigation activities; (ii) consulting risk owners on how to design and implement controls to mitigate the risks in a process; (iii) leading the analysts to perform control testing that evaluate the design and operating effectiveness of CNB's first line key controls; (iv)analyzing, aggregating, and articulating the results/issues/recommendations related to control testing activities; and (v) maintaining a thorough understanding of CNB's Internal Controls Management Policy, control testing methodologies, and related regulatory and compliance standards. This dynamic position provides opportunities for working across CNB, including across the business, 2LOD and internal audit.
WHAT WILL YOU DO?
- With the guidance of Manager Control Testing/Reporting, responsible for building sustainable processes with appropriate risk mitigation activities
- Consulting risk owners on how to design and implement controls to mitigate the risks in a process
- Responsible for planning, executing, and reviewing Control Assessments (i.e. Testing) that evaluate the design and operating effectiveness of CNB's first line Key Controls
- Maintain a thorough understanding of CNB's Internal Controls Management Policy and Standards, control testing methodologies, and related regulatory and compliance standards, including but not limited to enterprise risk management, data governance, third party risk management, model risk management, business continuity, fraud risk management, and associated regulations, guidance, and regulatory expectations
- Develop robust and scalable testing modules, scripts, and other guides including testing approach for evaluating the effectiveness of CNB's first line Key Controls to mitigate key risk exposures related to regulatory requirements and CNB risk policies and standards
- Exhibit high attention to detail in documentation of control evaluation work papers and remediation of reviewer's commentary
- Exhibit high attention to detail and strategic thinking in analyzing, aggregating, and articulating the results/issues of control testing activities and value-add opportunities for improvement of Key Controls to CNB Senior Management and other stakeholders
- Contribute to the articulation of results/conclusions/memos of control testing activities and communicate to key stakeholders across CNB
- Support development, implementation, and continuous improvement of tools, templates, and best practices that support control testing and reporting activities
- Assist with the validation and closure of control issues as identified through testing
- Maintain solid working relationships with 1LOD, 2LOD and internal audit
- Supports a high-performance environment by fostering an inclusive work environment, helping/elevating peers, and taking ownership of individual developmental goals
- Acts as brand ambassador of the CoE by developing solid working relationships across the organization as to facilitate communication and strategic partnerships
- Contribute to ad-hoc assignments and special projects
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications*
- Bachelor's Degree or equivalent
- Minimum 5 years of experience in controls testing, internal audit, quality control roles, or other complimentary capacities, preferably within the financial services industry, a public accounting firm, or with a financial institutions regulator
- Minimum 3 years of experience in the financial services industry
Additional Qualifications
- Preferred Certifications: CPA - Certified Public Accountant, CIA - Certified Internal Auditor, CISA - Certified Information Systems Auditor, and CISSP - Certified Information Systems Security Professional
- Knowledge of FINRA, SEC, MSRB, FRBNY and OCC rules and regulations
- Experience with operating in a highly matrixed environment
- Excellent communication and presentations skills
- Demonstrated experience supporting risk projects across multiple business lines offering a wide variety of financial services products and services
- Excellent analytical and complex problem-solving skills
- Knowledge of the financial services sector, particularly with the competitive dynamics and products in banking and risk management
- Strong time management skills
WHAT'S IN IT FOR YOU?
Compensation
Starting base salary: $77,000-$143,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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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