Senior Compliance Specialist — New York, NY at City

About the Team

Founded in 1954 by entrepreneurs for entrepreneurs, City National Bank has built a legacy of integrity, community, and unparalleled client relationships. As a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies, we continue to go further than the competition to help our clients, colleagues, and communities flourish.

About the Role

As a Senior Compliance Specialist in Wealth Management, you will establish and implement an effective compliance program to ensure regulatory adherence for our Wealth Management products. This role serves as a critical internal consultant, bridging the gap between operational realities and compliance frameworks across City National Bank.

You will function as a conduit for identifying and recommending improvements to existing policies, recognizing opportunities to enhance the bank's compliance foundation. Your day-to-day involves monitoring and analyzing client activity with a specific emphasis on Volcker Rule identification, utilizing sound industry standards to interpret and escalate concerns. You will act as the tracking and reporting agent for the CNS Wealth Management Compliance Testing Program, managing results, in-progress items, and future scheduling while overseeing Retail Non-Deposit/Regulation R activities, bank investment management, and ERISA.

Hiring Process

City National Bank accepts applications 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

We foster an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. City National Bank is 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_circleTrack and report on the CNS WM Compliance Testing Program including results and open items
check_circleIdentify and recommend improvements to existing internal operational compliance policies and procedures
check_circleProvide internal consulting and compliance interpretation to colleagues throughout the organization
check_circleMonitor, analyze, and escalate client activity issues with emphasis on Volcker rule identification
check_circleOversee Retail Non-Deposit, Regulation R activities, bank investment management, and ERISA compliance

Requirements

verifiedBachelor's Degree or equivalent
verifiedMinimum 5 years of experience with bank operations and/or compliance operations
verifiedMinimum 5 years of experience with risk management and/or Compliance policies and procedures
verifiedFINRA Series 7 and/or 24 highly desirable
verifiedComprehensive knowledge in branch operations, client relationship and risk management
verifiedThorough understanding of applicable laws and banking regulations
verifiedComputer proficiency in Microsoft Outlook, Word, Excel, PowerPoint, Access and Project
verifiedExperience communicating and interacting with regulatory agencies
verifiedCertified Compliance Risk Manager (CRCM) for Banking Compliance roles
verified

Nice to Have

FINRA Series 7 and/or 24 certification. Certified Compliance Risk Manager (CRCM) certification. Experience with a financial institution such as a broker/dealer and/or registered investment adviser. Experience working within a Compliance Investment Management role.

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

Skills, education and keywords

Skills: Microsoft Powerpoint, Microsoft Access, Microsoft Project, Finra Series 7, Finra Series 24, CRCM.

Education: Bachelor's Degree or equivalent.

Frequently asked questions about Compliance Specialist Senior Wealth Management at City National Bank

What does a Compliance Specialist Senior Wealth Management at City National Bank do?expand_more

A Compliance Specialist Senior Wealth Management at City National Bank is responsible for the following: Track and report on the CNS WM Compliance Testing Program including results and open items; Identify and recommend improvements to existing internal operational compliance policies and procedures; Provide internal consulting and compliance interpretation to colleagues throughout the organization; and Monitor, analyze, and escalate client activity issues with emphasis on Volcker rule identification.

What are the requirements for this Compliance Specialist Senior Wealth Management role?expand_more

To qualify for the Compliance Specialist Senior Wealth Management at City National Bank position, applicants should have: 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 highly desirable; Comprehensive knowledge in branch operations, client relationship and risk management; and Thorough understanding of applicable laws and banking regulations.

Where is the Compliance Specialist Senior Wealth Management role at City National Bank located?expand_more

Compliance Specialist Senior Wealth Management 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 Specialist Senior Wealth Management job remote, hybrid, or on-site?expand_more

City National Bank has listed this Compliance Specialist Senior Wealth Management role as on-site.

How much experience is required for this Compliance Specialist Senior Wealth Management role?expand_more

Compliance Specialist Senior Wealth Management at City National Bank typically requires 5+ years of relevant experience at the senior level.

What skills do you need for the Compliance Specialist Senior Wealth Management role at City National Bank?expand_more

Key skills for Compliance Specialist Senior Wealth Management at City National Bank include Microsoft Powerpoint; Microsoft Access; Microsoft Project; Finra Series 7; Finra Series 24; and CRCM.

What education is required for Compliance Specialist Senior Wealth Management at City National Bank?expand_more

Educational requirements for this role: Bachelor's Degree or equivalent.

What category does the Compliance Specialist Senior Wealth Management role belong to?expand_more

Compliance Specialist Senior Wealth Management at City National Bank is part of the accounting & finance job category on Recrutus.

Compliance Specialist Senior Wealth Management