Senior Consultant Business Controls Card Products
Senior Consultant Business Controls Card Products
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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
What youll be doing
As the Senior Consultant Business Controls youll work in a growing area of the bank that manages operational risk regulatory supervision standardized testing sales monitoring and loss management for Canadian Banking. As part of the Governance & Controls team youll lead the management of material systemic and emerging risks for Personal & Business Banking LOBs under develop and implement integrated control improvement solutions across all products and distribution manage key controls to mitigate operational exposures and potential provide support of CIBCs Control Framework to ensure compliance to regulatory legislative and operational requirements including the efficient and effective management of deficiency remediation. Youll act as the key relationship manager for the business.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 13 days per week onsite while other days will be remote.
How youll succeed
Relationship Building and Management You will manage key relationships and collaborate with business partners 2nd and 3rd lines of defense for all matters relating to operational risk. You will manage relationships at peer or director level as well as project/initiative managers within the assigned Lines of Business (LOBs). You will represent Business Controls on key business initiatives.
Risk Assessment and Remediation You will work closely with the LOB partners to proactively identify risk exposures and control gaps to analyze and synthesize risk exposures operational losses root causes and control gaps and determine materiality. You will propose recommendations to mitigate risk exposures/control gaps. You will lead the Incident Reporting investigation and Change Initiative Risk Assessment(CIRA) process ensuring all material risks are identified and compliant to the CIBC CIRA policy and process. You will manage all deficiencies for the LOB ensuring closure dates are met and no deficiencies go past due. You will lead the implementation of remediation plans for targeted control gaps/special projects.
Risk Consulting You will lead the completion of all CIBC Control Framework requirements. Acting as the risk and control Subject Matter Expert (SME) providing expert advice to LOB partners. Leading all Internal Audits Compliance exams for the business. Provide ongoing management of selfassessment processes. Participating in larger more complex business governance and regulatory projects to identify risk and control issues recommend solutions and develop control requirements.
Analytical Proactively identify risk exposures and control gaps. Analyze and synthesize risk exposures operational losses root causes and control gaps. Proactively assess and recommend selfassessed deficiencies. Propose recommendations to mitigate risk exposures and control gaps.
Control Framework You understand and communicate the Control Framework requirements to LOB partners to ensure they understand and are aware of accountabilities. You lead the completion of all requirements including: Risk and Controls SelfAssessment (RCSA) Scenarios Deficiency Management Key Risk Indicators Incident reporting Regulatory Compliance Incident (RCIs) reporting etc. You act as the SOX Officer/Maintenance Officer (SOMO) for Operational Process Controls (OPC) and Regulatory Compliance Management (RCM) controls. You develop and recommend new/changes to Key Accountabilities and Responsibilities (KAR) and formal key Control and NonKey Control testing programs. You develop reporting and summarize control testing results in preparation for LOB/Executive reviews and signoff processes.
Who you are
You can demonstrate experience. You have experience in Business Controls Audit or Operational Risk in the financial/banking industry. You understand and have the ability to communicate the Control Framework requirements (Risk & Controls SelfAssessments Scenarios Deficiency Management Incident Reporting Regulatory Compliance Incidents Key Risk Indicators) to LOB partners to ensure awareness understanding of accountabilities.
You can demonstrate knowledge. In Personal & Business Banking Card Products with a deep understanding of key businesses and processes is an asset. You have extensive knowledge of risk management principles practices policies and procedures.
Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
You know that details matter. You notice things that others dont. Your critical thinking skills help to inform your decision making.
You act like an owner. You thrive when youre empowered to take the lead go above and beyond and deliver results.
Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
#LITA
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* defined benefit pension plan* an employee share purchase plan 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 French proficiency 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
Toronto81 Bay 24th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Business Controlling Client Service Compliance Monitoring Group Problem Solving Regulatory Requirements Risk Management Assessment Waterfall Model Work CollaborativelyRequired Experience:
Senior IC
Employment Type
Full-Time
