Compliance Officer- Credit Cards
Not Disclosed•Full-TimeOn-site
location_on909 Third Avenue, 909, 3rd Avenue, Turtle Bay, Manhattan Community Board 6, Manhattan, New York County, New York, 10022, United States
About the Opportunity
Since day one, City National Bank has gone further than the competition to help clients, colleagues, and communities flourish. Founded in 1954 by entrepreneurs for entrepreneurs, our legacy of integrity, community, and unparalleled client relationships continues today. As a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies, we strive to be the best at whatever we do.
About the Role
The Compliance Officer-Credit Cards plays a critical role in our risk management strategy, serving as a guardian of regulatory adherence while ensuring business continuity. This position is responsible for performing comprehensive risk analysis and assessment of compliance regulations, specifically within the credit card business unit. You will identify risks and controls, monitor the business unit's control environment, and draft remediation plans to address compliance issues.
In this role, you will partner with the Compliance Manager, Senior Compliance Officer, and Risk Assessment teams to evaluate testing programs and processes. Your day-to-day involves reviewing and challenging compliance risk assessments to determine if current processes effectively control risk. You will analyze new and changing laws, developing implementation strategies and maintaining updates to compliance policies, procedures, and training materials. Additionally, you will conduct regulatory compliance monitoring activities, perform loan-level account reviews, and lead line-of-business meetings to discuss testing results and drive remediation efforts.
Hiring Process
Applications are accepted on an ongoing basis until the position is filled. To be considered, candidates must meet the required qualifications. Reporting to a designated City National location is an essential function of this role unless otherwise indicated as fully remote.
Culture and Inclusion
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.
Note: It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.
Work location
Work model: On-site
909 Third Avenue, 909, 3rd Avenue, Turtle Bay, Manhattan Community Board 6, Manhattan, New York County, New York, 10022, United States
New York, New York
Key Responsibilities
- check_circleReview and challenge compliance risk assessments to determine if current processes control risk
- check_circleAnalyze new and changing laws to develop implementation strategies
- check_circleMaintain updates to compliance policies, procedures, and training for revised regulations
- check_circleAssist with the evaluation of compliance testing programs and processes
- check_circleProvide guidance to business operations on compliance requirements
- check_circleCreate and maintain reporting of compliance test results and QA testing results
- check_circleConduct meetings to discuss testing results and lead line of business to remediation plans
- check_circleMaintain audit tracking logs and other necessary tracking reports
- check_circleConduct regulatory compliance monitoring activities and maintain work papers
Requirements
- verifiedBachelor's Degree or equivalent
- verifiedMinimum 5 years' experience working with Federal and State compliance regulatory matters
- verifiedMinimum 5 years' experience in banking, consumer finance, retail banking compliance, mortgage banking or working in a legal department
- verifiedMinimum 3 years' experience with managing projects or processes
- verifiedCertified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus
Nice to Have
College degree (or equivalent work experience). Knowledge and relevant work experience with bank credit, deposit, and operations regulations. Knowledge and experience with traditional bank products and services and/or reviewing marketing materials. Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation. Experience communicating and interacting with regulatory agencies, including exam management and other regulatory affairs.
Benefits & Perks
check_circleComprehensive healthcare coverage including Medical, Dental, and Vision planscheck_circleGenerous 401(k) company matching contributioncheck_circleTuition Reimbursement and internal upskilling and training resourcescheck_circleVacation, sick, and volunteer time benefitsSpecialized health and family planning benefits including fertility benefits
Similar Job Opportunities
Centralized Governance & Control Specialist-Remediation Quality Assurance Testing
TD • Mount Laurel Township, New Jersey
$91k-136karrow_forward
Vice President, Third Party Payment Processors & Network Access Financial Crime Program Oversight
American Express • San Francisco, California
Not Disclosedarrow_forward
Corporate Banking Risk and Internal Controls Associate
Flagstar Bank • On-site
$82k-141karrow_forward
Skills, education and keywords
Skills: Risk Analysis, Compliance Regulations, Risk Assessment, Remediation Plans, Issues Tracking Logs, Compliance Testing, Regulatory Compliance Monitoring, Audit Tracking Logs, Bank Credit, Deposit Regulations.
Education: Bachelor's Degree or equivalent.
Frequently asked questions about Compliance Officer- Credit Cards at City National Bank
What does a Compliance Officer- Credit Cards at City National Bank do?expand_more
A Compliance Officer- Credit Cards at City National Bank is responsible for the following: Review and challenge compliance risk assessments to determine if current processes control risk; Analyze new and changing laws to develop implementation strategies; Maintain updates to compliance policies, procedures, and training for revised regulations; and Assist with the evaluation of compliance testing programs and processes.
What are the requirements for this Compliance Officer- Credit Cards role?expand_more
To qualify for the Compliance Officer- Credit Cards at City National Bank position, applicants should have: Bachelor's Degree or equivalent; Minimum 5 years' experience working with Federal and State compliance regulatory matters; Minimum 5 years' experience in banking, consumer finance, retail banking compliance, mortgage banking or working in a legal department; Minimum 3 years' experience with managing projects or processes; and Certified Regulatory Compliance Manager (CRCM), Certified Internal Auditor (CIA), and/or Certified Financial Services Auditor (CFSA) designation a plus.
Where is the Compliance Officer- Credit Cards role at City National Bank located?expand_more
Compliance Officer- Credit Cards at City National Bank is based in 909 Third Avenue, 909, 3rd Avenue, Turtle Bay, Manhattan Community Board 6, Manhattan, New York County, New York, 10022, United States. This is a on-site role.
Is this Compliance Officer- Credit Cards job remote, hybrid, or on-site?expand_more
City National Bank has listed this Compliance Officer- Credit Cards role as on-site.
How much experience is required for this Compliance Officer- Credit Cards role?expand_more
Compliance Officer- Credit Cards at City National Bank typically requires 5+ years of relevant experience at the senior level.
What skills do you need for the Compliance Officer- Credit Cards role at City National Bank?expand_more
Key skills for Compliance Officer- Credit Cards at City National Bank include Risk Analysis; Compliance Regulations; Risk Assessment; Remediation Plans; Issues Tracking Logs; Compliance Testing; Regulatory Compliance Monitoring; and Audit Tracking Logs.
What education is required for Compliance Officer- Credit Cards at City National Bank?expand_more
Educational requirements for this role: Bachelor's Degree or equivalent.
What category does the Compliance Officer- Credit Cards role belong to?expand_more
Compliance Officer- Credit Cards at City National Bank is part of the accounting & finance job category on Recrutus.