SOX Manager Job Listing at City National Bank in Los Angeles, CA (Job ID 88653)

Description

If you are hired to this position, you will be employed by Magnit Global. You will not be employed by City National Bank.

The Opportunity

This position will work with the City National Bank's (“CNB”) Business Control Officer (“BCO”) team for Corporate Functions and will partner with other internal audit at CNB and RBC, as well as 2LOD teams across the organization. Responsibilities will encompass understanding risks and controls within the Corporate Function areas, including SOX/FDICIA, identification of relevant issues, solution design, design of required controls and monitoring, leveraging industry practices and coordination with colleagues across the organization. This role is expected to contribute constructively and balance challenges, supporting alignment of business objectives with CNB's risk appetite and established limits.

The Responsibilities

• Oversee the coordination and engagement of CNB's SOX and FDICIA reviews by partnering with key stakeholders across the first line, internal audit, and external audit Work collaboratively within the first LOB's and with second line of defense teams to coordinate risk management and testing activities.
• Act as subject matter expert for the activities performed in the division and their associated risk exposures.
• Execute risk assessment programs (e.g. Risk Control Self Assessments, Business Impact Assessments, Vendor Risk Assessments, New Applications) to identify and quantify the risks and their associated controls in the division.
• Establish processes report on the performance of risk mitigating controls (e.g. if policies and procedures are being followed, if sign off limits are being exceeded etc.)
• Provide recommendations to remediate risk exceptions and assist with the implementation of remediation plans.
• Coordinate the completion of risk mitigating actions and providing status updates of open/closed issues to senior management and second line risk management functions.
• Develop trend analysis of testing results to help identify key processes, policies and/or practices to ensure corrective action is taken. • Ensure appropriate colleagues in the division are trained on the applicable risk management practices, reporting, etc.
• Define and report performance metrics and Key Risk Indicators to monitor high risks to the business unit.
• Interface with Internal Audit and Regulators as necessary to help support Banking and Wealth Management activities.

The Qualifications

• At least seven years of experience in financial services industry, with at least five years in a SOX coordination role, operational risk management, internal audit, or compliance role Minimum 1 year of lead or supervisory experience
• Strong business knowledge of financial services and controls testing
• Understanding of SOX/FDICIA, Risk Management/Operational Risk Management and Internal Controls testing methodology
• Ability to handle complexity and ambiguity
• Proven track record building strong relationships across multiple business functions
• Ability to deal effectively with conflict
• Well-developed influencing, analytical and problem solving skills
• Ability to work independently with effective time and project management
• Ability to work in a matrix environment Strong communication (verbal and written), negotiation, and presentation skills required
• Bachelor's degree or higher and other professional qualifications such as a CPA, CA, CIA, etc.

This is the pay range that Magnit reasonably expects to pay for this position: $106.46/hour - $114.13/hour

Benefits: Medical, Dental, Vision, 401K