Third Party Risk Mgmt Ld
Job Description
THIRD PARTY RISK MANAGEMENT LEAD
WHAT IS THE OPPORTUNITY?
CNB's Third Party Risk Management (TPRM) program is accountable for CNB's TPRM strategy and framework, enabling CNB to identify, measure, monitor, and mitigate the risks associated with third parties. TPRM works across CNB's businesses and functions, providing 2LOD oversight and challenge to ensure effective implementation of TPRM practices in compliance with regulatory and policy requirements. TPRM is also accountable to provide insight on CNB's overall third-party risk profile.
The TPRM Practice Management lead is responsible for developing/maintaining strong risk management practices to effectively and efficiently manage risks arising from Third Parties, in line with regulatory requirements. This includes the end-to-end Third Party Risk process, tools, applications, and external and internal data sources. The Lead will also work with a number of partners to ensure Third Party Risk practices are deployed consistently across CNB, to enable alignment to CNB's third-party risk appetite and compliance to the TPR Policy. The Lead will work in close partnership across broader 2LOD and 1LOD teams, ensuring stakeholder engagement and adoption during the development, review and implementation of changes as the existing TPRM program continues to evolve.
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 Risk Management team. The focus is on ensuring business activities remain safe, compliant and well-positioned for future opportunity and sustainable growth.
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's 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?
In partnership with the TPRM Program Manager, develop a successful implementation plan. Accountabilities include:
- Lead continued evolution, development, and execution of the TPRM risk framework, practices, and tool.
- Direct assessments on key controls and overall compliance with the TPRM program, including the timeliness, completeness, and accuracy of risk assessments.
- Provide TPR advice and oversight to first line colleagues and other partners across CNB.
- Develop risk analysis and reporting, including risk metrics, for dissemination to both first line of defense, risk management committees, senior leadership. RBC enterprise stakeholders, and CNB's regulators.
- Streamline processes for risk identification and assessment, control assessment, monitoring, and issue management.
- Lead continuous improvement activities and initiatives for TPRM, collaborating with a broad network of stakeholders and subject matter experts.
- Identify and assess requirements for CNB's TPRM tools and applications to deepen risk management practices, and drive process effectiveness and efficiency.
- Grow risk intelligence practices to capitalize on external/internal data assets, driving proactive and responsive risk management.
- Use data and indicators to assess the effectiveness and efficiency of practices, identifying opportunities for future enhancements.
- Ensure critical stakeholders are engaged and appropriate approval authorities are involved and sign off on new / updated practices and processes.
- Collaborate with TPR Policy owner to ensure practices are well reflected in TPR Policy and standards.
- Provide advice to 1LOD/other stakeholders in the development of operating procedures to enable compliance with TPR practices.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- Minimum of seven years of third party risk management, assurance and / or oversight or relevant supplier or third party audit or compliance experience
- Minimum of four years of experience in risk and controls for information technology and cybersecurity, appropriately scoping assessments, providing credible challenges, and performing assurance testing.
- Minimum of four years working with a GRC system, incorporating continuous improvement for the system and process.
Skills and Knowledge
- Comprehensive knowledge of third party and information technology risk management processes and methodologies
- Experience using third party risk management /Governance, Risk and Compliance (GRC) systems
- Experience assessing contracts, including master service agreements, statements of work, and license agreements.
- Experience assessing cloud servicing arrangements
- Knowledge of and experience in designing and operating governance, frameworks and processes to comply with vendor management / third party risk management related regulatory requirements, guidance and oversight (OCC 2013-29, Fed SR 13-19 or other relevant third party risk management / vendor management regulation applicable to the financial services industry)
- Currently hold or quickly obtain industry recognized third party risk management or vendor management certification
- Excellent oral and written communication skills; experience performing both detailed and executive-level documentation
- Advanced knowledge of Microsoft Office tools; specifically, Excel, PowerPoint and SharePoint
- Experience with reporting platforms such as Tableau, SQL scripts, and Microsoft SSRS desirable
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.
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.
Apply Now
Back to Job Listings
Add To Job List
Company Profile
View Company Reviews
Date Posted
02/22/2023
Views
5
Positive
Subjectivity Score: 0.8
Similar Jobs
Senior Client Partner, Large Customer Sales (Sports Apparel) - Reddit
Views in the last 30 days - 0
View DetailsStrategic Cuisines District Sales Manager (Mandarin Speaking) - Toast
Views in the last 30 days - 0
View Details