Analyst - Cnb Prudential Compliance - Jersey City, United States - Royal Bank of Canada
Description
Job Summary
Provide ongoing support related to compliance advisory coverage and monitoring of various banking activities for compliance with key regulations issued by City National Bank's ("CNB"), primary U.S.
based prudential regulators ("Prudential Regulations"), including Regulations W, O and regulations related to investments across multiple lines of businesses across the bank.
Provide support of such regulatory compliance programs.(90%) Oversight and Administrations of the CNB's prudential regulatory compliance programs:
- Understanding and analyzing key regulations issued by CNB's primary U.S. based prudential regulators ("Prudential Regulations"), including the Federal Reserve's Regulation W, Regulation O and investments related regulations and their requirements.
- Assist with creating, and centrally maintaining on an ongoing basis, an inventory of key controls for the Prudential Regulations related compliance programs.
- Assist with the execution of regular reviews of the various procedure documents based on business, regulatory, and programmatic changes.
- Assist with tracking and monitoring of timely review of new business initiatives (NBC/PAR/Supplemental Pool).
- Assist with performing Prudential Regulations impact assessments on New Business Activity (NBC/PAR/Supplement Pool).
- Support of and engagement within related change management processes for such Prudential Regulations.
- Assist with the development and documentation of internal controls and processes to adhere to the regulatory requirements of the Prudential Regulations.
- Review and remediation of matters related to such Prudential Regulations raised through the escalation hierarchy process.
- Assist with compliance monitoring reviews which audits the effectiveness of the internal controls as reflected in the related Prudential Regulations compliance programs.
- Assist with Drafting compliance monitoring reports and communicate testing objectives, processes, methodologies, and results to senior management, business owners, and relevant control functions.
- Assist with regulatory exams impacting such Prudential Regulations and inquiries, including, review of all regulatory requests and submitted documentation as part of an exam or inquiry.
- Assist the team by attending meetings, preparing meeting minutes, and tracking and monitoring of resulting action items
(10%) Banking Regulation SME:
- Collaborate with key stakeholders, including other Compliance team members, Bank Regulatory Law Group members to monitor for changes in Prudential Regulations and assisting with preparing materials to assist the Front Office in understanding the impact of such changes.
- Assist the team with managing Audit or Compliance Testing issues, including tracking, monitoring and reporting on the progress of remediating such issues, and assist with responding to related Audit or Compliance Testing requests.
Job Skills
Audits Compliance, Critical Thinking, Data Gathering Analysis, Decision Making, Industry Knowledge, Internal Controls, Interpersonal Relationship Management, Product Services, Risk Management, Strategic Thinking
Additional Job Details
Address:
GOLDMAN SACHS TOWER, 30
HUDSON STREET:
JERSEY CITY
City:
Jersey City
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
Law and Compliance
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
Application Deadline:
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