Job Description

COMPLIANCE OFFICER

WHAT IS THE OPPORTUNITY?

The Compliance Analyst will work to review a variety of employee compliance requests to ensure that they are in compliance with company policy. These requests include compliance items such as: notification of a new outside business activity/second job; request to purchase securities, requests to give and/or receive gifts and entertainment, and review of electronic communications of employees for compliance with regulatory requirements. The Compliance Analyst will be responsible for identifying potential policy violations and escalating them appropriately. The Compliance Analyst may participate in resulting investigations and reporting. The Compliance Analyst will report to a supervisor within the City National Bank enterprise Conflicts of Interest Office.

What you will do  

• Review and decision employee requests regarding outside business activities, private securities transactions, personal brokerage accounts, gifts and/or entertainment to clients, and other required disclosures
• Review employee electronic communications for compliance with regulatory requirements, and, where necessary, escalate potential policy violations to appropriate stakeholders and functional groups for remediation
• Address compliance inquiries from colleagues across the CNB enterprise
• Perform research and formulate solutions to business issues relevant to various conflict of interest functions
• Review/challenge compliance risk assessments, analyze the Bank’s compliance risk; determine if current processes control risk.
• Analyze new and changing laws and regulations and develop implementation strategies.
• Maintain updates to compliance policies, procedures, and training for new or revised laws and regulations.
• Assist the Compliance Manager, Senior Compliance Officer, and Risk Assessment team with the evaluation of compliance testing program and processes.
• Perform research on regulations and provide guidance to business operations (divisions) on compliance requirements.
• Create, maintain and update reporting of compliance test results along with comparable line of business QA testing results.
• Work with Senior Compliance Officer, Compliance Manager to maintain audit tracking logs and other tracking reports as deemed necessary.
• Participate in Compliance Committees, maintains minutes or notes of applicable committees or task force meetings.
• Perform compliance reviews on specific loan-level accounts, as required.
• Comply fully with all Bank Compliance policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Community Reinvestment Act, Fair Lending Practices, Code of Conduct, etc.).
• Provide guidance on regulations, requirements, and Bank procedures.
• Draft and maintain employee training for assigned topic areas.
• Analyze the Bank’s compliance risk; determine if current processes control risk.
• Complete all required training.
• Other duties and special projects as assigned.
• This position may act as a subject matter expert in limited areas of compliance related to conflicts of interest.

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 5 years’ experience working with Federal and State compliance regulatory matters
• Minimum 5 years’ experience in banking, consumer finance, retail banking compliance, mortgage banking or working in a legal department
• Minimum 3 years’ experience with managing projects or processes

Skills and Knowledge

• College degree preferred. Relevant, equivalent work experience may be substituted for degree preference.
• Good knowledge and relevant work experience with bank credit, deposit, operations regulations (as applicable/assigned).
• Knowledge and experience with traditional bank products and services and/or reviewing marketing materials is a plus.
• Ability to influence/motivate others to produce desired results.
• Ability to operate effectively in a fast paced environment.
• Excellent organizational and analytical skills.
• Ability to communicate clearly and professionally with all levels of an organization.
• Excellent written and verbal communications skills.
• Effective interpersonal skills.
• Proficiency in multi-tasking and prioritizing projects.
• Excellent time management skills and be accustomed to working with deadlines.
• Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus.
• Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
• For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM).

Compensation

Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

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. Get an inside look at our Benefits and Perks .

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com .

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

#LI-JR1 

#CR-JR

Job Tags

Similar Jobs