Business Continuity Risk Management Lead - City National Bank

BUSINESS CONTINUITY RISK MANAGEMENT LEAD

WHAT IS THE OPPORTUNITY?

Business Continuity Risk Management (BCRM) program is in the second line of defense and is accountable for CNB's BCRM strategy and framework, enabling CNB to identify, measure, monitor, and mitigate the risks associated with business continuity arising from CNB's business processes, people, systems or external events. BCRM works across CNB's businesses and functions, providing independent oversight and challenge to ensure effective implementation of BCM practices in compliance with regulatory and policy requirements. BCRM is also accountable to provide insight on CNB's overall Business Continuity Risk Profile.

The Business Continuity Risk Management Lead is responsible for leading business continuity risk assessments, providing advice and independent challenge, monitoring metrics/key risk indicators, conducting business continuity risk reviews and analysis, and reporting thematic risks to ensure the Business Continuity (BC) Risk Profile is fairly presented.

What you will do

• Drive the development and execution of the BCRM risk program, framework, policies and procedures consistent with City National Bank’s and RBC’s Risk Framework to ensure a sound control environment from a BC/Operational Resilience perspective.
• Execute enhanced oversight and monitoring by leading independent business continuity risk reviews on the BCM Life Cycle, Crisis Management, new products, new processes, risks and control assessments, and root cause analysis.
• Provide ongoing oversight and challenge on CNB’s BCRM practices through defined, repeatable procedures. Review procedures for completeness, compliance and adequacy.
• Maintain awareness and knowledge of current and emerging risks and regulatory expectations which may affect program design/operations. Assess alignment of the BCRM Policy, Standard and practices with regulatory and industry practices to advance the program
• Research and develop data-driven assessment practices that will facilitate deep risk conservations and surface insights in support of strategic decision-making and to elevate the BC Risk Profile.
• Lead continuous improvement activities and initiatives for BCRM, working with stakeholders, subject matter experts, and analysis of exception reports to define issues, determine root cause, and determine appropriate changes.
• Lead audit and regulatory BCRM remediation activities and ensure that all requests are completed in a timely manner, and materials provided as appropriate.
• Provide advice and oversight on business continuity risk issues, monitoring and measuring business continuity risk performance, policy adherence, and reviewing and challenging of strategy (initiative, products), control design, implementation, testing, and remediation across CNB.
• Foster and grow effective partnership, teamwork, and collaboration with key stakeholder including Second Line (e.g. Enterprise Risk Management, Operational Risk Management, Third-Party Risk Management, IT/Cyber Risk Management) and First Line (e.g. Business Continuity Management, Crisis Management Group, Operational Resilience Team and business partners).
• Ensure appropriate escalation of BC/Operational Resilience issues to first line and senior management as required.
• Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding CNB, its clients and assets, by driving compliance with applicable laws, rules and regulations, adhering to Policy, applying sound ethical judgment regarding personal behavior, conduct and business practices, and escalating, managing and reporting control issues with transparency.

Must-Have*

• Bachelor's Degree or equivalent
• Minimum 8 years of Business Continuity Management, Operational Risk or Resilience assurance and / or oversight, or business continuity audit or compliance experience.
• Minimum 6 years of experience in risk and controls, appropriately scoping assessments, providing credible challenges, and performing assurance testing.

Skills and Knowledge

• Comprehensive knowledge and experience in operational risk management processes and methodologies.
• Strong understanding of the business continuity risk governance framework and practices; knowledge of the FFIEC IT BCM Handbook.
• Currently hold or quickly obtain industry recognized certification within the business continuity industry.
• Excellent oral and written communications skills; experience performing both detailed and executive-level documentation.
• Experience using business continuity or Governance, Risk and Compliance (GRC) systems.
• Ability to drive change to business practices by working effectively. Self-starting with the ability to multitask and prioritize in a dynamic, fast paced environment.
• Strong project management skills.
• Client-focused and open to different ideas/viewpoints.
• Advanced knowledge of Microsoft Office tools; specifically, Excel, PowerPoint and SharePoint.
• Demonstrated analytical skills with follow-up and problem-solving capability to improve quality, controls, and efficiency.

Compensation

Starting base salary: $111,408 - $189,738 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.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. 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 law.'

ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.