Director of Audit Banking
- Employer
- City National Bank
- Location
- Los Angeles, USA
- Salary
- Competitive
- Closing date
- Oct 21, 2024
View moreView less
- Job Function
- Accounting/Audit/Tax
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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DIRECTOR OF AUDIT BANKING
WHAT IS THE OPPORTUNITY?
The Director of Audit-Banking will support City National Bank's Internal Audit in providing independent, objective assurance over the design and operating effectiveness of the Bank's risk management practices, governance processes, system of internal controls for the Banking platform: Entertainment Banking, Personal & Business Banking, Real Estate Banking, Commercial Banking , Specialty Banking and Mortgage Banking. Position will also provide support to meet the evolving demands of the US regulatory environment and heightened expectations of internal audit.
What you will do
Must-Have*
Skills and Knowledge
Compensation
Starting base salary: $141,830 - $263,408 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.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
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.'
ABOUT CITY NATIONAL
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.
WHAT IS THE OPPORTUNITY?
The Director of Audit-Banking will support City National Bank's Internal Audit in providing independent, objective assurance over the design and operating effectiveness of the Bank's risk management practices, governance processes, system of internal controls for the Banking platform: Entertainment Banking, Personal & Business Banking, Real Estate Banking, Commercial Banking , Specialty Banking and Mortgage Banking. Position will also provide support to meet the evolving demands of the US regulatory environment and heightened expectations of internal audit.
What you will do
- Responsible for managing an audit team and overseeing audit engagements and projects with a focus on assessing the risk management practices, operational and IT controls and regulatory compliance of the Banking platform.
- Audit Assurance: Prepare and oversee the execution of the annual audit plan for the Banking platform to assess the adequacy and effectiveness of the internal control environment. Ensure timely and complete execution of audits in the annual plan. Review audit findings and audit reports drafted by the audit team for submission to the Senior Director. Lead the execution of continuous monitoring and adjust audit plan as necessary.
- Data Analytics and Technology:Leverage data analysis and insights across the enterprise and across all stages of the audit lifecycle to apply to the audit portfolio.Foster the development of key relationships with data stewards and heads of platform technology to understand key applications and data sources.Achieve deeper insight into the root-causes and potential impact of audit issues using analytics.
- Supports the continuous improvement of audit methodologies, audit approach and related practices with particular emphasis towards collaboration with key partners, leveraging the use of analytics, business intelligence, and other enabling approaches, technologies and tools.
- Direct, counsel, and manage a staff of internal auditors assigned to engagements and review audit plan, findings, and reports for sufficient scope, accuracy, appropriateness of conclusions and compliance with requirements.
- Coordinate and manage regulatory requests and examinations with bank regulators and external audit.
Must-Have*
- Bachelor's Degree or equivalent
- Minimum of 10 years of progressive experience within a top tier financial services organization or Big "4" public accounting firm
- Minimum of 5 years experience managing staff
Skills and Knowledge
- Professional Designation (CIA, CPA, CISA, CISSP, CISM) preferred
- Demonstrated successful building of inclusive and diverse teams or committees.
- Demonstrated experience in working in a matrixed organization with proven ability to multitask and prioritize activities.
- Experience leading, coaching and mentoring direct reports
- Audit assurance and advisory experience
- Risk Management experience including any one of operational risk, credit risk, ERM/corporate governance, etc., in either 1st or 2nd line of defense
- Strong understanding of regulatory compliance risk across 1st and 2nd lines of defense
- Experience working with external US regulators such as OCC, Federal Reserve, etc
- Strong experience in use of data analytics, visualization and reporting - e.g. Tableau.
- Experience planning integrated business audits with technology auditors.
- Understanding of core technology (applications and infrastructure).
- Experience in data analytics (data gathering, transformation, analytics, and reporting)
Compensation
Starting base salary: $141,830 - $263,408 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.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
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.'
ABOUT CITY NATIONAL
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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