Compliance Officer- Lending

COMPLIANCE OFFCR-LENDING

WHAT IS THE OPPORTUNITY?

Position is responsible for overseeing and maintaining assigned areas of the compliance program covering consumers, including monitoring business areas for compliance with applicable laws and regulations and ensuring controls are in place to mitigate compliance risk. The incumbent is responsible for monitoring issues remediation strategy for compliance identified issues and ensuring issues are closed in a manner which both adheres to the regulatory requirements while assisting business areas with implementing corrective actions or procedural changes, and applying a risk-based approach to remediation strategies.

Compliance Risk Management Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Compliance Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.

WHAT WILL YOU DO?

• Serve as a compliance subject matter expert for assigned areas of responsibility
• Assists with compliance risk assessments, analyzing the Bank’s compliance risks; determine if current controls mitigate risk adequately.
• Analyze new and changing consumer laws and regulations through regulatory change management process and disseminate information to applicable business areas for implementation
• Assist with updates to consumer related compliance policies, procedures, and training material
• Assist the Sr Compliance Officer, Compliance Manager, and Risk Assessment team with the review and challenge of the compliance testing programs, controls and related processes.
• Performs research on regulations and provides guidance to business operations on lending compliance requirements.
• Maintain and report compliance testing or monitoring results for assigned business units.
• Attends meetings to discuss testing and risk assessment results and business to remediation plans.
• Review marketing materials for business areas or products including credit card, mortgage, small business, and consumer (lending or deposit) ensuring materials comply with regulatory and business standards
• Participates in compliance-related Committees and Advisory meetings as assigned, maintain minutes or notes as applicable.
• Performs independent compliance reviews on specific loan-level accounts, as necessary through review and challenge process
• 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.).
• Assist with regulatory examination and serve as liaison with regulators when requested.
• Provide guidance on regulations, requirements, and Bank procedures.
• Conducting and documenting reviews and addressing findings with employees and supervisors.Drafting and maintaining employee training for assigned topic areas.
• Analyze the Bank’s compliance risk; determine if current processes control risk.
• Other duties and special projects as assigned.

WHAT DO YOU NEED TO SUCCEED?

Must-Have*

• Bachelor's Degree
• Minimum 7 years of compliance or regulatory reporting in the consumer lending space
• Minimum 5 years’ combined experience in consumer lending space or retail banking compliance 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.
• Advanced knowledge of banking and consumer compliance laws and regulations, as related to lending and bank operations (Examples include but are not limited to: ECOA/Regulation B, FCRA, Flood Disaster Protection Act,, MLA, SCRA, RESPA, TILA, TRID) .
• Experience with consumer credit cards and/or reviewing marketing materials is a plus.
• Ability to analyze complex situations and provide guidance, make recommendations, and/or escalate issues to appropriate levels of management
• 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.

• 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.

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.

City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled