Senior Compliance Advisor
Senior Compliance Advisor
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$ 140000 - 190000
1 Vacancy
Job Description
Were building a relationshiporiented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats right for our clients.
At CIBC we embrace your strengths and your ambitions so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC please visit CIBC
In support of CIBCs core purpose: to make our clients ambitions a reality Risk Management is accountable for the independent oversight of risk management inherent to CIBCs transactions and activities. These risks include but are not limited to ensuring effective processes are in place for the identification management measurement monitoring and control of operational reputation and legal strategic market credit investment and liquidity risk collectively CIBC Risk incurred by CIBCs businesses functional and corporate governance groups.
US Compliance delivers on the global Compliance mandate by providing timely proactive advice and independent second line oversight to the US Capital Markets US Commercial Banking and Wealth Management lines of business. US Compliance supports these lines of business by being proactive advisors trusted specialists and valueadded partners. Together with the lines of business and in line with CIBCs Risk Appetite Statement US Compliance works to identify assess manage and mitigate regulatory compliance risk to protect CIBCs reputation and brand while helping CIBC become a strong innovative and relationshiporiented bank for a modern world.
What youll be doing
The Senior Compliance Officer will support CIBC Bank USA and CIBC Inc. (collectively Bank) and play a pivotal role in ensuring that the Bank adheres to all applicable laws regulations and internal policies. The Senior Compliance Officer reports to the Deputy Chief Compliance Officer (CCO) and supports US Compliance mandate to lead and manage the banks compliance program including monitoring and reporting on the effectiveness of the program developing strategies to improve compliance and fostering a culture of integrity and ethical behavior across the organization. This role requires a deep understanding of banking regulations enterprise risk management and leadership skills to guide the first line of defense and collaborate across functional areas.
Who you are
- Support the Banks compliance with all applicable federal state and local banking regulations and other relevant regulatory frameworks
- Monitor and analyze changes in regulations and ensure the Banks policies and procedures are updated accordingly
- Provide guidance and interpretation of regulations to internal stakeholders ensuring that all departments are aware of their compliance obligations
- Assist with the development of content of compliance training programs for employees management and the board of directors
- Oversee the complaint management program and lead research and response of regulatoryrelated complaints including responses to regulatory agencies
- Support the of the banks compliance risk assessments to identify potential areas of compliance vulnerability and risk and develop corrective action plans for resolution
- Support preparation of regular compliance reports to compliance and risk executive management and relevant risk committees highlighting key risks issues and progress on compliance initiatives.
- Ensure that all compliancerelated documentation including policies and procedures is accurate uptodate and readily accessible
- Mentor and develop junior compliance team members fostering a culture of continuous improvement and professional growth
- Work closely with other departments including Legal Risk Management Internal Audit and Infrastructure groups to ensure a coordinated approach to compliance across the bank
- Serve as a subject matter expert on compliancerelated issues providing advice and support to business units on the development and implementation of compliant processes and procedures
- Participate in strategic planning initiatives providing compliance insights to support the banks growth and operational goals
- Lead investigations into compliance violations or breaches ensuring timely and thorough resolution of issues
- Monitor industry trends best practices and regulatory developments to proactively enhance the banks compliance program
- Drive continuous improvement initiatives to streamline compliance processes reduce risk and increase efficiency
- Regular contact with industry professionals to discuss and benchmark similar risks processes and issues
How youll succeed
- Proven leadership and management experience with a track record of successfully leading compliance teams.
- Ability to exercise a high degree of independent judgement and make sound decisions
- Expert interpersonal communication and problemsolving skills including effective engagement with all levels of the organization including senior management board of directors and regulators
- Extensive knowledge of applicable banking laws and compliance and enterprise risk frameworks
- Ability to drive innovation or new ideas across areas of responsibility
- Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidlychanging environment
- Bachelors degree in Business Finance Law or a related field (Masters or JD preferred).
- Minimum of 12 years of experience in compliance risk management or legal roles within the banking or financial services industry.
- Bachelors degree in Business Finance Law or a related field (Masters or JD preferred).
- Advanced Excel Word and PowerPoint skills CRCM preferred
- Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
California residents your privacy rights regarding your actual or prospective employment
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $140000 $190000 for the market based on experience qualifications and location of the position. The successful candidate may be eligible to participate in the relevant business units incentive compensation plan which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employees needs; including Medical Dental Vision Health Savings Account Life Insurance Disability and Other Insurance Plans Paid Time Off (including Sick Leave Parental Leave and Vacation) Holidaysand 401(k) in addition to other special perks reserved for our team members.
What CIBC Offers
At CIBC your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career rather than just a paycheck.
We work to recognize you in meaningful personalized ways including a competitive salary incentive pay banking benefits a benefits program* a vacation offering wellbeing support and MomentMakers our social pointsbased recognition program.
Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
What you need to know
CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation please contact
You need to be legally eligible to work at the location(s) specified above and where applicable must have a valid work or study permit.
We may ask you to complete an attributebased assessment and other skills tests (such as simulation coding MS Office). Our goal for the application process is to get to know more about you all that you have to offer and give you the opportunity to learn more about us.
Job Location
IL70 W Madison St 10th FlEmployment Type
RegularWeekly Hours
40Skills
Compliance Reporting Compliance Testing Decision Making Regulatory Compliance Risk Assessments Strategic AdviceRequired Experience:
Senior IC
Employment Type
Full-Time
