SR. DIRECTOR OF AUDIT- IT
WHAT IS THE OPPORTUNITY?
The Senior Director of Audit for IT will provide independent, objective assurance over the design and operation of CNB's Information Technology, Data Governance, Cyber Security, and IT Risk Management practices, governance processes and the system of internal controls. Position will oversee and drive audit plan management and execution, strategic initiatives, and resource management in relation to internal audit operations relating to CNB's IT and business managed platform technology teams, inclusive of CNB's subsidiaries and managed affiliates. Will also provide support in responding to external auditors and US regulators (e.g. FRBNY, OCC) and to meet the evolving demands of the US regulatory environment and heightened expectations of internal audit. This includes the coordination of continuous monitoring, coordination of IA responses to US regulatory examinations, and the verification of regulatory issues.
WHAT WILL YOU DO?
Leadership & People Management:Leads/manages a team of internal audit professionals at the Banking Platform level. Accountable to ensure there are sufficient resources with appropriate level of subject matter expertise to develop and execute annual audit plan. Manages large, highly complex or strategic projects (thematic audits) that impact CNB and RBC USA as required.
Relationship Building and Client Experience: Engages business Executives, Regulators, External Auditors, and Audit committee of the CNB Board of Directors on a required or regular basis to facilitate proactive and ongoing dialogue or reporting relating to internal control matters impacting the banking platform. Effective management of highly sensitive situations with high-impact outcomes (with stakeholders) that could have material impact on the platform, and escalates control issues to the CAE in accordance with the IA escalation model. Keep business executives and CAE abreast of significant control issues with potential significant impact on the platform. When negotiating, knows when to insist, when to compromise and when given a stalemate to seek a fresh perspective. Adopt appropriate conflict management approach to handle sensitive situations or de-escalate sensitive situations.
Develop the annual Audit Plan for CNB IT and business management platform technology related audit entities, as well as with other audit groups as required, ensuring that audits conform to local and global regulatory and internal audit requirements.
Direct/supervise/implement the execution of audit plan and ensure effective audit practices for traditional and continuous audits. Collaborate with broader Global and US IT teams and departments to achieve the annual plan.
Make recommendations to clients on control deficiencies and follows up to ensure significant deficiencies are corrected. Assist business management to develop appropriate action plans to address identified deficiencies, and ensure corrective actions are implemented in a timely manner to effectively address the issues.
Plan and execute complex and confidential/special audit projects enterprise wide as requested by senior management of the Bank.
Closely collaborate with non-IT / Business audit teams on coverage requirements and emerging risks
Communicate trends in risk and control issues to senior management on the results of ongoing reviews of the businesses that are key relationships, or any other business as requested.
Provide support for CNB IT and US-wide regulatory requests, responses and meetings.
Provide leadership, coaching, performance management and personal development support.
Raise the technical knowledge of the group through various courses, seminars and in-house training in the areas of Information Technology for existing and emerging technologies, and related risk management framework, compliance and audit techniques.
Raise the technical and business knowledge of the group through IT and business auditor cross integration and allocation. Identify new opportunities that would result in cross-team collaboration, develop talent for future roles and create a mutually beneficial situation that allows business and IT auditors to cross pollinate experience and knowledge.
Build, direct, counsel, and instruct staff assigned to an engagement and review audit plan, findings and reports for sufficient scope and for accuracy.
Provide leadership, coaching, performance management and personal development support.
Supporting Executive and Board IT related reporting for CNB.
Develop capability of team use of analytic tools to widen scope of assurance.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications
Bachelor's Degree or equivalent
Minimum 12 years banking / audit experience within Information Technology.
Minimum 5 years of business experience in a financial institution or technology company, dealing with multiple business platforms, business processes, geographies, and legal entities
Minimum 5 years of Audit experience (strategic planning through reporting) in a senior leadership role
CISA - Certified Information Systems Auditor
CIA - Certified Internal Auditor
CISM - Certified Information Security Manager
Additional Qualifications
In depth knowledge of financial services banking technology and related risks (e.g. cloud technologies, IT operations, data center services, storage & databases, server virtualization, cybersecurity operations, data privacy, data protection, cryptography, data loss prevention).
In-depth knowledge of US regulatory requirements, and industry best practices. This includes knowledge of cybersecurity, cloud technologies, information technology operations, data governance, and data privacy.
Advanced ability to translate technical control issues into non-technical explanation such that the non-technical report reader can easily grasp the risk and controls.
Familiar with US Regulatory environment
Ability to work in a dynamically changing environment and leading people through modernization from traditional auditing to focus on data analytics.
Manages large, highly complex or strategic projects (thematic audits) that impact the organization as a whole.
Ability to influence a wide variety of senior executives in enterprise wide groups.
Ensure that employees understand CNB vision, as well as support and reinforce targeted behaviors that contribute to CNB goals.
Experience with identifying the risks associated with new services and/or routines, products and to formulate practical audit procedures to adequately monitor new risk and ensure adherence to limits.
Experience developing predictive hypotheses for data analytics, and directing data scientists.
Experience interpreting data extracted from Advanced Analytics (e.g. use of data visualization and reporting).
Experience in incorporating data analytics into the traditional audit programs and continuous auditing
Experience leading integrated business audits with technology auditors
Current working knowledge of Internal Audit practices, policies, procedures and systems.
Demonstrated experience in leading in a matrixed organization with proven ability to multitask and prioritize activities, across borders and cultures.
Experience as a project manager.
WHAT'S IN IT FOR YOU?
CompensationStarting base salary: $187,000 - $308,000 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
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 including:
Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
Generous 401(k) company matching contribution
Career Development through Tuition Reimbursement and other internal upskilling and training resources
Valued Time Away benefits including vacation, sick and volunteer time
Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
Career Mobility support from a dedicated recruitment team
Colleague Resource Groups to support networking and community engagement
Get a more detailed look at our https://careers.cnb.com/benefits.
ABOUT US
Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at https://www.cnb.com/about-us.html.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are 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.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.
