TPRM-Sr Analyst at City National Bank

THIRD PARTY RISK MANAGEMENT SENIOR ANALYST

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.

Third Party Risk Management (TPRM) Data and Profiling Senior Analyst reports directly to the TPRM Program Manager and is responsible for leading the delivery of comprehensive, accurate, and timely reporting to senior management on CNB-wide Third Party Risk. The Senior Analyst will collaborate with colleagues to identify and design new key-risk-indicators (KRIs), enhancements to existing KRIs, and working with partners across the enterprise to enhance dashboards, risk appetite measures, reporting, etc.

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.

WHAT WILL YOU DO?

Develop Third Party Risk reporting methodologies and processes to ensure that issues, risks and gaps are identified, reported, and addressed to enable effective overall profiling of third-party risks.
Develop and implement key risk indicators, key performance/control indicators to assess and enable third-party risk profile, and control effectiveness through collaboration with Operational Risk Shared Services (ORSS) and other 1LOD and 2LOD partner-teams.
Conducting analytics to identify and assess trends and areas in CNB's management of third party risk that require attention.
Enabling data analytics in support of third-party risk thematic reviews being led by the TPR team.
Effectively monitor the tracking of issues, gaps, and exceptions and mitigation plans as they relate to third party risks to ensure timely resolution.
Track and analyze risk metrics to understand the Bank's overall third-party risk exposure.
Prepare third party portfolio reporting of risk and performance to senior executives.
Ensure timely and accurate escalation of issues and observations of non-compliance or risks outside of acceptable thresholds.
Evaluate the TPRM program to identify optimization opportunities and provide recommendations for process improvement.
Providing assurance that existing controls are effectively managing risk (and new controls are effectively designed).
Drive the ongoing evolution of the reporting framework to maintain an effective Third Party Risk Profile to support oversight and challenge of Third Party Risk and to meet business and regulatory reporting requirements.
Work with senior management and colleagues to understand information and data needs, utilizing advanced knowledge of the various Governance & Risk Control (GRC) reporting tools and data sources to develop reporting solutions.
Build and maintain a roadmap for ongoing enhancements to enable the identification and management of issues, risks, and gaps, and effect change to meet the needs of TPR oversight, challenge, control assurance and reporting accountabilities.
Work with Analytics and Risk Intelligence teams to ensure timelines and key deliverables meet the roadmap.
Provide regular and ad-hoc reports to senior management within GRM OR and the broader 1LOD and 2LOD partner teams (enabling thematic reviews, deep-dives, emerging risk analysis, etc).
Lead the identification of data requirements to enable Third-Party Risk reporting across a wide array of indicators; establish processes to collect, verify, and consolidate the data, and determine reporting format, audience, frequency, etc.

WHAT DO YOU NEED TO SUCCEED

Must-Have*

Bachelor's Degree
Minimum of 2 years working with a GRC system, incorporating continuous improvement for the system and process
Minimum of 5 years of experience in one or a combination of the following areas: Third party risk management, Operational risk management, IT risk management, Supply chain management, Assurance and/or Oversight and/or relevant third-party audit or compliance experience process

Skills and Knowledge

Comprehensive knowledge of third party risk management processes and methodologies such as: calculating inherent risk, calculating residual risk, Risk scoring, Risk controls
Comprehensive knowledge of the third-party risk management lifecycle: planning, due diligence, contracts, ongoing monitoring and termination
Confidence to challenge others, where appropriate, with experience in management by influence, facilitating and gaining consensus
Proven ability to anticipate and identify risks and effective mitigants
Ability to manage ambiguity, ascertain facts, and apply judgement to complex risk scenarios
Ability to manage deadlines to ensure the timely completion of TPRM materials by first line colleagues
Ability to manage small projects or previous project management experience
Knowledge of and experience in designing and operating governance, frameworks and processes to comply with vendor management/third party risk management related regulatory guidance (OCC 2013-29, Fed SR 13-19 or other relevant third-party risk management/vendor management regulation applicable to the financial services industry)
Excellent oral and written communication skills; experience performing both detailed and executive-level documentation
Demonstrable stakeholder management and project management skills
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: $87,027 - $138,965 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.

TPRM-Sr Analyst

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