Associate – CNB Prudential Compliance

Job Description

What is the Opportunity? Provide advisory coverage and conduct ongoing monitoring of various banking activities for compliance with key regulations issued by City National Bank’s ( CNB ), primary U.

S. based prudential regulators ( Prudential Regulations ), including Regulations W, O and regulations related to investments across multiple lines of businesses across the bank.

Provide support of such regulatory compliance programs. What will you do? (90%) Oversight and Administrations of the CNB’s prudential regulatory compliance programs :

Understanding and analyzing key regulations issued by CNB’s primary U.S. based prudential regulators ( Prudential Regulations ), including the Federal Reserve’s Regulation W, Regulation O, Volcker Rule, and investments related regulations and their requirements.

Assist with developing, publishing and maintaining policies / procedures / guidelines for CNB Lines of Business ( LoB ) or Functional teams to enable them to, among other things ensure adherence to such key prudential regulation requirements.

Assist with creating, and centrally maintaining on an ongoing basis, an inventory of key controls for the Prudential Regulations related compliance programs.

Collaborate with U.S. Bank Regulatory Law Group team to obtain clear guidance on interpretive matters related to the Prudential Regulations related Compliance Programs.

Assist with the execution of regular reviews of the various procedure documents based on business, regulatory, and programmatic changes.

Assist with the provision of general advisory support to the business and supporting functional groups regarding the interpretation and application of such key Prudential Regulations.

Assist with performing Prudential Regulations impact assessments on New Business Activity (NBC / PAR / Supplement Pool).

Support of and engagement within related change management processes for such Prudential Regulations.

Assist with the development and documentation of internal controls and processes to adhere to the regulatory requirements of the Prudential Regulations.

Assist with tracking, monitoring, reviewing and remediating matters related to such Prudential Regulations raised through the escalation hierarchy process.

Assist with compliance monitoring reviews which audits the effectiveness of the internal controls as reflected in the related Prudential Regulations compliance programs.

Drafting compliance monitoring reports and communicate testing objectives, processes, methodologies, and results to senior management, business owners, and relevant control functions.

Draft training policies, procedures, and practices to ensure compliance with the training requirements of the related Prudential Regulations, where appropriate, and implementing any needed changes.

Assist with preparing for regulatory exams impacting such Prudential Regulations and inquiries, including, review of all regulatory requests, tracking & monitoring, and submitting documentation as part of an exam or inquiry, in a timely manner.

10%) Banking Regulation SME :

Assist with providing general advisory support to the business and supporting functional groups regarding the interpretation and application of key Prudential Regulations

Collaborate with key stakeholders, including other Compliance team members, Bank Regulatory Law Group members to monitor for changes in Prudential Regulations and assisting with preparing materials to assist the Front Office in understanding the impact of such changes.

Assist with managing Audit or Compliance Testing issues, including tracking, monitoring and reporting on the progress of remediating such issues, and assist with responding to related Audit or Compliance Testing requests.

What do you need to succeed?

BA / BS Degree Required

3-5 years of compliance (or equivalent) experience obtained in a financial institution, accounting, consultancy, or law firm

Knowledge of Federal Reserve Alphabet Regulations (W, D, B, R, K, Y and O)

Knowledge of relevant banking and securities laws

Exceptional interpersonal skills and superior judgment

Solution driven

Ability to accept accountability, assume proactive approach to work, demonstrate initiative, collaborative, cross-unit co-operation, information sharing

Ability to maintain confidentiality of highly sensitive information

Other Required Qualifications :

Skilled in Microsoft Excel and PowerPoint

Strong written and oral communication skills

What’s in it for you? We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.

We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Opportunities to build close relationships with clients

• The good-faith expected salary range for the above position is $80,000 - $135,000 (NJ & Los Angeles) depending on factors including but not limited to the candidate’s experience, skills, registration status;
• market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions;

health, dental, vision, life and disability insurance; and paid time-off plan.RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that : · Drives RBC’s high performance culture· Enables collective achievement of our strategic goals· Generates sustainable shareholder returns and above market shareholder value Job Skills Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Financial Regulation, Industry Knowledge, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking Additional Job Details

Address :

GOLDMAN SACHS TOWER, 30 HUDSON STREET : JERSEY CITY

City : Jersey City

Jersey City

Country :

United States of America

Work hours / week : Employment Type :

Employment Type : Full time

Full time

Platform : Law and Compliance

Law and Compliance

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-04-11

2024-04-11

Application Deadline :

2024-04-12

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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