Wealth Management Jobs in Rochester, NY (NOW HIRING)

SENIOR MANAGER, INVESTMENT MANAGEMENT GOVERNANCE OFFICE, RNDIP / REG R

Working within the Investment Management Governance Office and with Senior Management of the Wealth Management division, this role will be responsible for City National Bank's Retail Non-Deposit Investment Program (RNDIP) and Reg R compliance to include coordination with City National Bank's Network Affiliates and colleagues across the division to implement policies, develop procedures and controls related to the governance requirements outlined in the OCC RNDIP Handbook (June 2024) and produce quarterly metrics and reports to the Wealth Management & Fiduciary Committee and the Private Banking and Wealth Management Business and Risk Committee. This role also works closely with 2LOD Compliance and 3LOD Internal Audit on issues impacting the Wealth Management division.

• At the direction of the Head of Investment Management Governance act as an intermediary/point person for City National Bank's (“CNB’s) Investment Management Governance Office, which includes managing the Retail Non-Deposit Investment Products (the “RNDIP”) program and Reg R compliance.


• Build and sustain effective relationships and alliances both internally and across all lines of business and staff areas to help deliver results and to ensure applicable issues are identified, analyzed and managed appropriately. Understand interdependencies across LOBs and support groups to achieve success in supporting remediation of regulatory, internal audit, and self-identified issues.


• Analyze, evaluate and periodically review current risk management practices relating to RNDIP and Reg R activities across the organization and the activities of the network affiliates. Collaborate closely with colleagues across Risk, Compliance and Internal Audit to strengthen the control environment and enhance risk management practices.


• Monitor activities of the network affiliates for adherence to CNB’s networking agreements and RNDIP policies, Program Management Statement and procedures.


• Drive annual review of CNB Compensation Plans RNDIP inter-company agreements, RNDIP Products, RNDIP Program Management Statement, RNDIP Program and Referral Procedures, and other related procedures owned by the IMGO.


• Review marketing materials and new or modified products for applicability to RNDIP and Reg R.


• Design and implement reporting associated with RNDIP to appropriate governance committees.


• Develop and implement training for RNDIP programs across LOBs.


• Lead execution of activities described in the RNDIP Program Procedure, including completion of annual RNDIP risk assessment summary.


• Prioritize organizational risk management objectives.


• Facilitate audit and examination activities.


• Cultivate and grow talent within the organization through coaching, mentoring, and training.

• Bachelor's Degree or equivalent


• 7+ years experience managing a RNDIP Program for an OCC regulated Bank


• 10+ years within or related to financial services


• Interaction with regulators from a prior role

• Juris Doctor (JD) degree preferred


• Demonstrated knowledge of Reg R from prior role


• 10 years in a role requiring complex problem solving


• Investment Management experience preferred


• Strong interpersonal and influencing skills; ability to communicate effectively in interactions with Regulators. Communication with colleagues at all levels in a peer-like way, and achieve goals without direct control over resources


• Demonstrated ability to Influence change, build relationships, communicate effectively, work under pressure, manage multiple priorities and deliver high caliber results.


• Strong emerging end-to-end generalist problem solving skills, e.g.,


• Prioritizing issues and analysis


• Structuring and building quantitative and qualitative/conceptual analyses


• Knowledge in Financial Services, Project Management


• Excellent time management, organizational, and prioritization skills and ability to balance multiple priorities.


• An outstanding ability to analyze problems, apply quantitative analytical approaches, communicate effectively and confidently (both oral and written), work well in cross-functional teams


• Quick learning ability, outstanding analytical skills and a structured way of thinking, your attention to details is exceptional


• Operate well under stress, even faced with tight timelines for ambitious deliverables Significant experience in driving operational change with front line to senior leadership personnel


• Proficiency with MS Excel and PowerPoint

Starting base salary:

$275,000 - $325,000 per year in New York, NY

$225,000 - $275,000 per year in Los Angeles, CA

$200,000 - $250,000 per year in Newark, Delaware or Charlotte, NC

Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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 Benefits and Perks.

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 About Us.

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.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.

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