Portfolio Management Risk Specialist
City National Bank
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Benefits offered by this job
Job summary
City National Bank is seeking a Portfolio Management Risk Specialist to identify and mitigate operational and regulatory risks within Client Portfolio Management. You will analyze risk reports, collaborate with portfolio managers to remediate issues, and design controls with the governance team.
You will draft procedures, monitor KRIs/KPIs, and support audits. Strong MS Office, banking experience, and leadership across multiple lines of defense are essential in this role.
Qualifications
- Bachelor's degree or equivalent required.
- 5+ years managing projects in financial services.
- Advanced experience with Microsoft Office.
- Ability to work in a fast-changing environment.
Responsibilities
- Run, analyze, and interpret business reports to identify operational and regulatory risks.
- Engage portfolio managers to review findings and address issues.
- Develop remediation plans and strengthen control frameworks.
- Draft and maintain procedure documentation and governance frameworks.
- Monitor KRIs, KPIs, and Issue Management in risk programs.
- Collaborate with 2nd/3rd lines of defense to strengthen controls.
- Design preventive and detective portfolio management controls.
- Develop and oversee new risk management programs with cross-functional teams.
- Serve as liaison between business and risk/compliance/audit functions.
Skills
Education
Tools
Job description
RBC Rochdale partners with financial advisors and their high-net-worth clients to build intelligently personalized investment portfolios. RBC Rochdale provides investment research, portfolio management, macroeconomic outlook and strategic asset allocation to help clients meet their long-term goals. RBC Rochdale, LLC is an SEC-registered investment adviser and wholly-owned subsidiary of City National Bank.
This position supports RBC Rochdale's First Line of Defense (the business unit responsible for day-to-day risk management) by identifying, monitoring, and mitigating operational and regulatory risks within Client Portfolio Management. You will analyze risk reports, collaborate with portfolio managers to remediate risky behavior, design and document new risk processes and controls, and ensure compliance with regulatory requirements and corporate governance standards.
- Run, analyze, and interpret business reports and data to identify operational and regulatory risks, anomalies, and trends within Client Portfolio Management.
- Engage directly with portfolio managers to review report findings, assess risky behavior or control gaps, and develop remediation plans to address identified issues.
- Assist in building or enhancing risk management processes, workflows, and control frameworks to strengthen the control environment.
- Draft and maintain procedure documentation, control policies, and governance frameworks to ensure clarity, compliance, and effective implementation across the organization.
- Monitor and execute essential risk program functions, including Key Risk Indicators (KRIs), Key Performance Indicators (KPIs), and Issue Management.
- Evaluate technical and business data to assess practical impacts and provide risk insights to the Business Control team and Business Units.
- Design and implement preventive and detective controls related to Portfolio Management activities, contributing to a robust risk culture and control environment.
- Analyze current risk management practices across the organization and network affiliates, collaborating with the 2nd and 3rd lines of defense to strengthen controls and enhance practices.
- Develop, implement, and oversee new risk management programs and strategies in partnership with the First Line of Defense and cross-functional teams.
- Serve as the liaison between business teams and risk management, compliance, legal, and audit functions for internal and external examinations.
- Build and maintain effective relationships across all organizational levels and business lines to identify, analyze, and manage risks appropriately.
- Develop clear, concise communication materials and presentations for senior management that convey complex risk information effectively.
- Support audit and examination activities and facilitate special projects as needed.
- Coach and mentor team members to develop risk talent and capability within the organization.
- Bachelor's Degree or equivalent
- 5+ years managing projects
- 5+ years within or related to financial services
- Advanced experience with Microsoft Office (Excel, PowerPoint, Word)
- MBA or other advanced degree (JD, Masters, etc.)
- Ability to work in a fast-changing environment
- Complex problem-solving experience in operational change management
- Strong analytical and quantitative skills
- Experience influencing across organizational levels without direct authority
- Knowledge of investment management or wealth management
- Experience in driving operational change across front-line to senior leadership personnel
- Excellent stakeholder and relationship management skillsAbility to simplify complexity and handle uncertainty well
Starting base salary: $92,114 - $156,880 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
- 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.
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.
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.
*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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