Compliance Specialist Senior Wealth Management

City National Bank; Charlotte (NC); On-site; USD 85,000 - 145,000; Full time

Benefits offered by this job

Comprehensive healthcare coverage

Generous 401(k) matching

Tuition reimbursement

Time off (vacation, sick, volunteer)

Fertility benefits

Career mobility support

Job summary

City National Bank seeks a Compliance Specialist Senior Wealth Management to establish and run an effective compliance program for wealth management products. You will monitor, interpret, and update compliance policies and work with operations on regulatory requirements including OCC, RNDIP, Regulation R and ERISA.

You will serve as an internal consultant, support RBC testing, and help enhance CNB's compliance framework while communicating findings to executive teams and the board.

Qualifications

• Bachelor's Degree or equivalent.
• Minimum 5 years of experience with bank operations and/or compliance operations.
• Minimum 5 years of experience with risk management and/or Compliance policies and procedures.
• FINRA Series 7 and/or 24 is highly desirable.
• Certified Compliance Risk Manager (CRCM) preferred for banking compliance roles.

Responsibilities

• Monitors, analyzes and escalates issues related to OCC requirements for RNDIP, Regulation R, and ERISA compliance.
• Acts as internal consultant on operational compliance issues for CNB and RBC testing program.
• Oversees remediation within the CNB/RBC Testing Program framework.
• Identifies opportunities to enhance internal compliance policies and procedures.
• Assists in preparing annual and ongoing reports to executive management and the board of directors.

Skills

Regulatory compliance

Risk management

Policy development

Communication skills

Leadership

Regulatory affairs

Education

Bachelor's Degree or equivalent

Tools

Microsoft Outlook

Microsoft Word

Microsoft Excel

PowerPoint

MS Access

Microsoft Project

Job description

COMPLIANCE SPECIALIST SENIOR WEALTH MANAGEMENT

The Compliance Specialist establishes and implements an effective compliance program to ensure regulatory compliance for Bank Wealth Management products. Responsible for monitoring, discovering, interpreting, enhancing, updating, developing, tracking and implementing pertinent and effective compliance policies and procedures related to operations initiatives within the internal and external compliance environment.

WHAT WILL YOU DO?

• Monitors, analyzes and escalates issues and concerns related to OCC requirements for Retail Non-Deposit Investment Products (RNDIP), Regulation R, and certain ERISA requirements including issues identification utilizing sound and current compliance industry standards and practices.
• Functions as an internal consultant to colleagues throughout City National Bank (CNB) related to operational compliance issues and concerns, utilizing their internal and external organizational agility to ascertain and deliver sound interpretation and advice.
• Works within the framework of the established CNB/RBC Testing Program overseeing timely remediation.
• Functions as a conduit for identifying and recommending improvements to existing internal operational compliance policy and procedure while recognizing opportunities for enhancement within the full scope of CNB’s compliance foundation
• Working knowledge of OCC Retail Non-Deposit Investment Products (RNDIP), Regulation R, associated investment products and services including associated ERISA compliance requirements.
• Ongoing monitoring of compliance policy and program requirements for RNDIP and ERISA with special focus on RBC Qualified Professional Asset Manager (QPAM) requirements under PTE 84-14 and similar permitted exceptions.
• Knowledge and assistance in preparation of annual and ongoing reports to executive management and the board of directors.

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent
• Minimum 5 years of experience with bank operations and/or compliance operations
• Minimum 5 years of experience with risk management and/or Compliance policies and procedures

Additional Qualifications

• A FINRA Series 7 and/or 24 is highly desirable
• Demonstrated comprehensive knowledge in branch operations, client relationship and risk management with a strong working knowledge of bank back office processes and systems required.
• Thorough understanding of applicable laws and banking regulations required.
• Proven leadership skills mixed with a propensity towards strong organization and time management skills required.
• Must possess the ability to recognize and communicate enhancement opportunities along with developing creative and sound solutions within assigned duties.
• Excellent oral and written communication skills with all levels of management required.
• Computer proficiency in Microsoft applications of Outlook, Word, Excel, PowerPoint, Access and Project required.
• Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
• For Banking Compliance related roles, Certified Compliance Risk Manager (CRCM).
• For Wealth Management Compliance roles, experience with a financial institution such as a broker/dealer and/or registered investment adviser.
• For Wealth Management Compliance roles, experience working within a Compliance Investment Management role.

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $85,000 - $145,000 per year for the NYC location. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

Benefits

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• 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
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

About Us

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

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.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.