DIVISION CHIEF FINANCIAL OFFICER II

WHAT IS THE OPPORTUNITY?

The Division CFO, Senior role provides primary finance support for all of the LOBs and is a key member of the SMT. The individual is a direct report to the Deputy CFO, CNB, and will be responsible for leading a team of Finance Managers. Leads the strategic, tactical and day-to-day support of all aspects of the Division's financialfunctions. Responsibilities include the development and monitoring of the annual budget, assessing.organizational performance, developing metrics and reporting systems, and keeping management apprised ofinternal and external issues and trends that impact performance. Plays a key role in the development.of long-term strategy initiatives including the evaluation of proposed new markets, mergers, acquisitions andinvestments for the achievement of growth and profitability.

WHAT WILL YOU DO?

As a trusted advisor and key member of the team, provide all financial support to add value by enhancing the profitability and growth of the Division.
Business partner to Business Line Executive and Senior Management team, assess organizational performance in comparison to the annual budget, quarterly forecast, and division’s long-term strategy.
Develop metrics and reporting systems to provide critical financial and operational information to the Business Line Executives and make actionable recommendations on both strategy and operations.
Oversee long-term budgetary planning and cost management in alignment with the company’s strategic plan.
Participate in key decisions pertaining to strategic initiatives, operating model, and operational execution.
Represent company in efforts with identification and analysis of potential investment opportunities consistent with strategic growth initiatives.
Develop deep understanding of the division products and partner with profitability teams to conduct periodic analyses.
Prepare and maintain regular financial and management reports; monthly profit and loss statements for the Division by functional group, including segment reporting (vs. prior year, budget, and forecast).
Complete analysis of financial results and key business drivers to develop and make recommendations (strategic and tactical).
Coordinate the development and monitoring of annual budgets, quarterly forecasts, and strategic and financial business plans.
Coordinate quarterly business reviews (QBR), identify issues, document corrective action plans, and establish systems to monitor and evaluate progress of actions taken.
Develop and execute analysis of various business initiatives (e.g., new products, acquisitions, opening new operations, new service launches).
Assist in development of cost accounting allocations for the Division.
Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
Mentor and develop a team, managing work allocation, training, problem resolution, performance evaluation, and the building of an effective team dynamic.
Responsible and accountable for appropriate quality controls related to the financial products the bank provides, the services the bank delivers, the processes employed and the incentives with which colleagues are awarded.
Comply fully with all bank risk management, operational and credit policies, and procedures as well as all regulatory requirements (e.g., Bank Secrecy Act, Know Your Client, Community Reinvestment Act, Fair Lending Practices, City National Code of Conduct, etc.).

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

Master's Degree
15+ years of relevant Finance experience including Financial Planning & Analysis, accounting and reporting, or other related experience
5+ years of experience as a Division CFO or equivalent
5+ years of Management experience

Additional Qualifications

MBA and or CPA- Certified Public Accountant preferred
Strategic mindset and strong business acumen
Strong results orientation

WHAT'S IN IT FOR YOU?

Compensation

Starting 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

Benefits

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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Division Chief Financial Officer II