AI RISK GOVERNANCE LEAD WHAT IS THE OPPORTUNITY?
In support of CNB's strategic goal of becoming an Artificial Intelligence (AI) enabled bank, this role provides AI risk governance expertise that enables efficient and effective execution of AI risk strategy and initiatives while maintaining RBC's desired risk profile through robust risk oversight. This role also supports the design and implementation of CNB's AI risk governance framework aligned with related frameworks and policies and oversights the portfolio of internal policies and external regulations in relation to AI.
WHAT WILL YOU DO?
- Support adoption / adaptation of RBC's AI risk management framework and governance processes across the first and second line at City National Bank aligned with related frameworks and policies.
- In collaboration with Enterprise, develop, implement, and monitor effectiveness of the Group Risk Management (GRM) AI initiative strategy to deliver efficiencies in GRM operational processes. Identify and support implementation of relevant use cases for GRM.
- Works with various regulatory support functions 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 measurement.
- Work closely with enterprise stakeholders to ensure full adherence to responsible AI principles across the organization and establish and maintain ethical standards for our growing AI capabilities including assessment of GRM use cases inclusive of RBC existing capabilities.
- Aid in development and enhancement of CNB AI governance, policies and procedures including second line oversight of AI strategy.
- Act as a trusted advisor and an effective challenger to business leaders on AI strategy, initiatives and risks.
- Define clear ownership, roles, responsibilities, and accountability across business lines/functions in relation to AI.
- Drives day-to-day Core Team activities to meet project milestones and keep functions on track.
- Develops effective communication and training materials.
- Provide thought leadership in developing and executing processes with strategic importance and high visibility with CNB leadership.
- Regularly prepares status reports, performance metrics, presentations and guidance in accordance with the GRM program and financial industry regulations, ad-hoc and as requested by management.
- Assess AI-related risks, provide oversight and challenge, and monitor compliance with internal policies and external regulations while establishing the guidelines for the implementation of 2nd line of defense on AI 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.
WHAT DO YOU NEED TO SUCCEED?
Required Qualifications* - Bachelor's Degree or equivalent
- 15+ years of progressive experience managing cross function initiatives to drive policy, regulatory, and business change in complex organizations.
- A strong understanding of AI concepts, technologies, and associated risks. Practical experience with AI model development or deployment would be a significant advantage.
- Extensive knowledge of data management including front-to-back data flows and processing, usage, and reporting.
- Extensive experience in developing Data Management/Governance solution for major financial institution.
- Expert collaboration and relationship management skills with the ability to manage ambiguity to drive impactful outcomes.
- Expert oral communication and presentation skills with extensive experience facilitating discussion and building consensus.
- A genuine interest or passion for AI Models, AI Technologies.
- Demonstrated ability to lead and manage teams effectively.
- Experience in interpreting and applying relevant regulations and industry best practices.
Additional Qualifications - Prior experience with developing or enhancing AI/GenAI and/or technology/operational risk programs, and executing on regulatory remediation projects at banks or other financial institutions desired
- Quantitative analysis (preferably in Model governance) and data management experience required.
- 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, analysis, and presentation tools including MS Excel, PowerPoint.
- Proven ability to communicate and collaborate with cross-functional and senior stakeholders, influence decision-making at the higher levels of the organization and navigate a matrixed environment.
- Familiarity with evolving global AI regulatory landscapes.
- Understanding of AI technical concepts and data management.
- Advanced Master's degree or MBA will be a plus.
WHAT'S IN IT FOR YOU? Compensation Starting base salary: $114,863 - $213,313 per year. Exact compensation may vary based on skills, experience, and location.
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 Benefits and Perks.
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 About Us.
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.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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