BSA/AML OFFICER- WEALTH MANAGEMENT SUBSIDIARIES

WHAT IS THE OPPORTUNITY?

This role acts as the designated Bank Secrecy Act AML Officer ("AML Officer") to ensure the sufficiency of City National Securities, CNR Securities, and City National Rochdale Funds compliance with the USA PATRIOT Act, U.S. Economic Sanctions, and related regulations and guidance. He/she provides the adherence with, oversight, coordination and execution of various activities related to these regulations, responsible for updated relevant policies, procedures, vendor oversight and training.

What you will do

• Designs, directs and administers the broker-dealers’ Financial Crime programs, including BSA AML, Office of Foreign Assets Control (OFAC) and Anti-Bribery/Corruption compliance programs. Ensuring that there are sufficient internal controls to promote fully effective risk management practices. Prioritizes focus towards areas identified as having the highest levels of risk to the company.

• Lead assigned AML/BSA Team with responsibility for Wealth Management Subsidiaries.

• Regular review of major AML enforcement actions, public statements by regulatory staff and/or law enforcement to assess regulatory landscape.

• Regular review/comparison of compliance policies and procedures related to anti-money laundering to determine changes necessary due to current developments and/or changes related to the Patriot Act, related agencies guidance such as the OCC, FinCEN, and/or FINRA guidance.

• Monitoring and oversight of internal and external vendors engaged to provide AML related services such as transfer agents and clearing firms.

• Establishes controls for AML and related regulations monitoring, due diligence, and reporting functions resident within the broker-dealers.

• Responsible for providing appropriate management and board level reporting on the status of the AML/OFAC compliance program.

• Acts as an internal AML expert in cross-function evaluation of policies, procedures and controls from a regulatory, financial and reputational perspective.

• Develops new or updates current policies and procedures as appropriate. Consults with business units as to any deficiencies, and monitors to ensure that required changes are made.

• Develop and implement BSA/AML Program for Registed Investment Advisor, City National Rochdale.

• Acts as a firm representative interfacing with regulatory agency staff and law enforcement regarding potentially suspicious activity, investigations and regulatory examinations.

• Responsible for coordinating and integrating best practices with RBC Enterprise, including aligning AML/OFAC programs.

• Integrates activities with other departments to accomplish common goals.

• Maintains up-to-date knowledge of CNB and RBC policies and procedures.

• Applies both technical and general business knowledge to resolve the complex issues.

• Ensures assigned employees are in compliance with specified CNB compliance guidelines.

• Performs other duties as assigned or requested.

Must-Have*

• Bachelor's Degree or equivalent Business, Finance or related discipline

• 10 - 15 years progressive experience

• Minimum of 5-7 years in compliance or audit related to Financial Crimes.

• Minimum of 5 years of supervisory experience.

• Financial services relating to wealth management experience required.

• FINRA Series 7: General Securities Rep

• FINRA Series 24: General Securities Principal

Skills and Knowledge

• Expert knowledge of USA PATRIOT Act, AML Act, money laundering typologies and OFAC.

• Working knowledge of laws and regulations related to the Financial Services Industry.

• Experience with governmental regulatory process and translation of regulation to policy and procedure.

• Experience with management of high profile examination processes by external regulatory agencies.

• Experience with the oversight of external vendors.

• Ability to identify and escalate sensitive issues with discretion.

• Ability to independently develop, analyze and recommend solutions to potential control weaknesses.

• Excellent interpersonal skills and the ability to establish and maintain relationships.

• Ability to organize, lead, and motivate others in a fast-paced, changing environment.

• FINRA Series 7 Registration and CAMS certification preferred

Compensation

Starting base salary: $157,943 - $293,299 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 (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/10/cbedd856-c2fc-491b-a625-3ab7a0fd9a65.pdf) .

ABOUT CITY NATIONAL

City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.

*City National Bank does business in Miami and the state of Florida as CN Bank.

For more information about City National, visit cnb.com .

EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION

City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE (https://image.emails.cnb.com/lib/fe5e15707c640c78771c/m/1/159726e0-aeb1-4058-9052-d7a2d69626b8.pdf)

If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email (TalentAcquisition@cnb.com) or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.

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