Internal Controls Officer Senior
20 days ago
Jersey City
INTERNAL CONTROLS OFFICER SENIOR WHAT IS THE OPPORTUNITY?Internal Controls Officer is responsible for providing independent and objective oversight of the management of risks arising from City National Bank's business processes, people, systems or external events. The team is responsible for providing governance and oversight to enhance the control environment to ensure successful remediation of operational risk exposures. This includes providing practical guidance, functional expertise, strategic direction, and execution rigor to significant operational risk remediation activities. The Senior Officer is responsible for challenging the quality, sufficiency, and completeness of 1LOD risk remediation and control management activities for moderate to high-risk initiatives in compliance with the Issue Management Policy and Standard and the Internal Controls Management Policy (ICMP) and Standard and for communication outcomes of objective assessment through escalation and reporting to Senior Management as necessary. WHAT WILL YOU DO? • Conduct review and challenge of remediation initiatives to ensure operational risk exposures associated with known control deficiencies are addressed. This includes providing challenge throughout the Issue Management Lifecycle, which may include issue data details; root cause analysis; action plan; material issue changes; management's completion of the required and/or committed corrective actions with supporting evidence; and sustainability., • Conduct review and challenge of controls implemented. This includes providing feedback to risk and control owners and control assessment teams related to the following control management activities: control identification to match appropriate controls with identified risk exposures to lower the residual risk level; completeness and robustness of control documentation; reasonableness of control assessment approach and sample selection; consistency of design effectiveness and operating effectiveness conclusions with supporting evidence; and appropriateness of documented issues and action plans to remediate identified control failure., • Ensures work is produced and documented in alignment with quality and content requirements., • Provides clear and transparent updates on remediation progress, • Exercises independent judgment in identifying and assessing risk., • Prepares, reviews, and presents review and challenge results to Leadership, including outlining the risk of control deficiencies, • Ensures observations and findings are documented and escalated to appropriate leadership., • Exercises effective communication and promotes positive client relations with business line colleagues and management, • Maintains authoritative knowledge and understanding of laws and regulations, regulatory guidance, policy, and procedures for operational functions covered., • Provides 2LOD audit and regulatory exam support., • Executes additional departmental initiatives and other duties as assigned. WHAT DO YOU NEED TO SUCCEED?Required Qualifications* • Bachelor's Degree or equivalent, • Minimum 7 years of experience in financial services industry, with at least five years in an operational risk management, internal audit, or compliance role, • Minimum 3 years of control assessment and validation experience, • Minimum 1 year of supervisory experienceAdditional Qualifications, • Bachelor's degree or higher and other professional qualifications such as a CPA, CA, etc., • Strong business knowledge of financial services, • Understanding of Risk Management/Operational Risk Management and Internal Controls testing methodology, • Strong knowledge of issue management practices with proven experience in issue management design and/or execution, • Ability to handle complexity and ambiguity, • Proven track record building strong relationships across multiple business functions, • Ability to deal effectively with conflict, • Well-developed influencing, analytical and problem solving skills, • Must be able to convey complex concepts in a clear and concise manner, • Ability to work independently with effective time and project management, • Ability to work in a matrix environment, • Strong interpersonal/teamwork skills, • 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 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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