BUSINESS UNIT RISK MANAGER - CITY NATIONAL TRUST & ESTATES & RBC DELAWARE TRUST

WHAT IS THE OPPORTUNITY?

This position is responsible for the development and recommendations of risk metrics for City National Trust & Estates & RBC Delaware Trust. Develop and use established metrics to build appropriate testing to measure and report results. Execute risk assessments for broker dealer, registered investment advisory, trust department and private banking activities. This includes both non-deposit and insured deposit activities and multiple regulatory agency requirements including the OCC, SEC and FINRA. Serve as a risk resource to support the LOB's and 2nd line support functions including but not limited to, Operational Risk, Business Continuity, IT Risk, Vendor Risk, Corp. Security, Compliance, Internal Audit, etc. Responsible for the ongoing development and expansion of the risk assessment and testing programs to ensure key risks are captured, measured and tested accordingly. Assist in the preparation of materials and presentations to1st LOB executives detailing results of their units risk results.

• Work collaboratively within the first LOB's and with second line of defense teams to coordinate risk management and testing activities.
• Act as subject matter expert for the activities performed in the division and their associated risk exposures.
• Execute risk assessment programs (e.g. Risk Control Self Assessments, Business Impact Assessments, Vendor Risk Assessments, New Applications) to identify and quantify the risks and their associated controls in the division.
• Establish processes to test and report on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded etc.)
• Provide recommendations to remediate risk exceptions and assist with the implementation of remediation plans.
• Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line risk management functions.
• Develop trend analysis of testing results to help identify key processes, policies and/or practices to ensure corrective action is taken.
• Ensure appropriate colleagues in the division are trained on the applicable risk management practices, reporting, etc.
• Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit.
• Interface with Internal Audit and Regulators as necessary to help support the WM & Private Banking activities.
• Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
• All City National products, financial solutions and services are to be provided ethically and with integrity in a manner that is consistent with the client-first culture and values embodied in City National's PRIDE statement.