Investment Management Governance Office Senior Fiduciary Business Manager Job Listing at City National Bank in New York, NY (Job ID 12467-1)

Description

INVESTMENT MANAGEMENT GOVERNANCE OFFICE SENIOR FIDUCIARY BUSINESS MANAGER WHAT IS THE OPPORTUNITY? Working within the Investment Management Governance Office of the Wealth Management division, this role will be responsible for the fiduciary risk oversight program to include implementation of policies and development of procedures related to fiduciary governance requirements under 12 CFR9, Investment Advisors Act, ERISA and Reg R, supporting the five Fiduciary Management Committees and supporting reporting to the Wealth Management & Fiduciary Committee and the Private Banking and Wealth Management Business and Risk Committee. WHAT WILL YOU DO?

• Coordinate the annual assessment of the effectiveness of the Investment Management Governance Program related to the Fiduciary activities across Wealth Management to include the oversight of City National Rochdale as the Bank's Sub-Advisor, Third Party Managers and the administrative activities performed by CN Trust & Estates, the Wealth Services team and RBC Delaware Trust.
• Act as the Alternate Chair of the five Fiduciary Management Committees and assist the Fiduciary Management Committee Secretary in the preparation of the monthly meetings.
• Working with the impacted LOBs, implement new Fiduciary Policies and new or amended regulations specifically related to 12 CFR 9.
• Participate as a member of the working group on new strategic initiatives impacting Wealth Management that affect the technical, operational, and business functions and provide insight to the practical impacts/implications to the business line.
• Work collaboratively with 2nd and 3rd line colleagues and the 1st BCO team to establish effective procedures that align with policy and key controls.
• Build and sustain effective relationships and alliances both internally and across all lines of business and staff areas to help deliver results and to ensure applicable issues are identified, analyzed and managed appropriately. Understand interdependencies across LOBs and support groups to achieve success in supporting remediation of regulatory, internal audit, and self-identified issues.
• Contribute to the development of a robust risk culture, risk conduct, and risk literacy within the first line of defense, including design and implementation of preventive and detective controls relating to Fiduciary activities.
• Design and implement reporting associated with RNDIP and Fiduciary activities to appropriate governance committees.
• Act as the business teams' liaison for business line risk management, compliance activities, legal engagement, and internal or external audits.
• Serve on the CNB Product Review Committee alternate for the IMGO Business Officer, and review new products for applicability to Fiduciary programs.
• Build and sustain effective relationships and alliances both internally and across all lines of business and staff areas to help deliver results and to ensure opportunities are identified, analyzed and managed appropriately. Understand interdependencies to achieve success.
• Partner with team members to contribute concise communication materials for senior management. Develop presentations for internal and external meeting that are compelling, concise, and graphical to convey message.
• Prioritize organizational risk management objectives.
• Direct and participate in special projects as necessary.
• Cultivate and grow risk talent within the organization through coaching, mentoring, and occasionally assisting with review of applicable training.

WHAT DO YOU NEED TO SUCCEED? Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 10 years within or related to financial services

Additional Qualifications

• Preferred Certified Fiduciary and Investment Risk Specialist (CFIRS)
• MBA or other advanced degree preferred
• 10 years in a role requiring complex problem solving
• Fiduciary experience and understanding of the key tenants of Reg 9 preferred
• Strong interpersonal and influencing skills - and ability to interact with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources
• Prioritizing issues and analysis
• Structuring and building quantitative and qualitative/conceptual analyses
• Demonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results.
• Proficiency with MS Excel and PowerPoint
• Excellent time management, organizational, and prioritization skills and ability to balance multiple priorities.
• An outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and written), work well in cross-functional teams
• Quick learning ability, outstanding analytical skills and a structured way of thinking, your attention to details is exceptional
• Operate well under stress, even faced with tight timelines for ambitious deliverables Significant experience in driving operational change with front line to senior leadership personnel
• Be able to handle uncertainty well, and are able to simplify complexity

WHAT'S IN IT FOR YOU? Compensation Starting base salary: $141,830 - $263,408 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.

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