ERM Manager – Risk Appetite

Job Description

ERM Manager – Risk Appetite
This position will be responsible for supporting the development and operation of City National Bank’s (CNB’s) Enterprise Risk Appetite and Metrics program. Responsibilities include project management; managing ERM processes; developing and implementing enterprise-wide policies; and facilitating the implementation and integration of risk management principles at all levels of the company.
What you will do
  • Support the development of CNB’s Enterprise Risk Management Framework, Policy, Governance for RiskRisk Appetite and other areas at the Enterprise level.
  • Help uplift City National Bank’s Enterprise Risk Appetite and Metrics program in accordance with current and changing standards, regulations, policies, the financial services industry environment and internal needs/demands
  • Provide thought leadership and help develop standards for establishment of a enterprise-wide limits framework that has the right balance of enterprise-wide consistency and business-centricity to make the program helpful for both the business and second line to monitor, aggregate and report on key risks.
  • Work with regulatory support function for continuous monitoring and exam management, business unit/corporate and enterprise-wide business support groups to manage with cross-functional level issues associated with risk appetite and metrics
  • Connect with key stakeholders; mobilize and motivate teams; set direction and approach; resolve conflict; deliver tough messages; manage risk; execute with limited information and ambiguity.
  • Work with Risk Stripes (Credit, Operational etc.) and business control functions to communicate requirements, understand metric changes, and provide review and challenge
  • Develop effective guidance materials for stakeholders to help them understand risk appetite concepts and aid metrics and limit development
  • Ability to work independently in a challenging environment and be comfortable with putting structure and process around new initiatives
  • Prior experience establishing a risk appetite and metrics program at a banking organization, or deep experience with a mature risk appetite program is beneficial
  • Experience working within a risk stripe is a plus
  • Experience with other risk programs, especially risk acceptance, is also a plus
  • Manage the effective implementation of risk management and assessment activities, including policies and standards for: Risk Identification, RCSAs, Operational Risk Events, Operational Losses and Key Controls & Mitigation across business units
  • Responsible for the oversight of key operational risk programs such as Technology, Bank Operations, Information SecurityIncident Response, Project Risk Readiness, Fraud, and, Payment Systems.
  • Works with various regulators for continuous monitoring and exam management, business unit/corporate and enterprise-wide business support groups to manage with cross-functional level issues associated with risk.
  • Plan, facilitate and conduct assessment on Enterprise risks across the bank for all risks – Credit, Market, Liquidity, Strategic, etc.
  • Development and enhancement of Enterprise-wide governance, policies and procedures.
  • Acts as an internal advisor/partner to CNB business units regarding risk management matters (e.g. controls, best practices, and industry developments.) Assists business units in understanding regulatory responsibilities and best practices.
  • Collects, analyzes, integrates, and maintains cross-functional deliverables (i.e. Integrated Project Plans, Change Management Plans and Regulatory programs, etc.)
  • Drives day-to-day Core Team activities to meet project milestones and keep functions on track
  • Develops effective communication and training materials, and communicates CNB’s risk management framework and regulatory responsibilities throughout the Bank.
  • Regularly prepares status reports, performance metrics, presentations and Enterprise-wide guidance in accordance with the ERM program and financial industry regulations, ad-hoc and as requested by management
  • Knowledge and execution of regulations within second line of defense – CCAR, Basel, Heightened Standards, etc.
  • Complies fully with all Bank policies and procedures as well as all regulatory requirements (e.g. Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Code of Conduct, etc.).
  • Successfully completes all required training and special projects as requested.


  • Bachelor’s Degree or equivalent
  • Minimum 5 years of experience with banking systems/ processes, risk management methodologies, risk-based auditing techniques and/or internal controls
  • Minimum 3 years of experience with risk areas, KPI and KRI
  • Minimum 3 years’ experience in a Project Management or leadership

Skills and Knowledge

  • Quantitative analysis and data management experience desired.
  • Must possess demonstrated ability to think critically and facilitate change through collaborative effort.
  • Strong interpersonal, verbal and written communication skills.
  • Extensive knowledge and experience with various reporting and analysis tools including Excel, Brio and MS Access required.
  • Experience with Oracle software and reporting tools desired.
  • Demonstrated ability to develop/run complex queries and create reports and presentations.
  • Advanced Master’s degree or MBA will be a plus
Starting base salary: $111,408 – $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.’
We start with a basic premise: Business is personal. Since day one we’ve always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

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