Senior Director, Business Controls - Wealth, Deposits & Simplii
Senior Director, Business Controls - Wealth, Deposits & Simplii
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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
Reporting to the VP Business Controls the Senior Director Business Controls is responsible for providing strategic leadership and direction to a team of risk professionals. This role supports the following LOBs: Private Wealth and Investors Edge Private Banking Deposits & Payments and Simplii. The Senior Director provides business compliance and control advisory services to senior management and business groups and stewardship of and governance over operational risk and controls. Working in close collaboration with senior leaders across the SBUs and infrastructure groups leads and directs the management of control design control programs/frameworks control testing deficiency management operational risk policies/procedures & initiatives across their line of business portfolio. This role reviews both the internal and external landscapes coupled with trends and issues in the businesses to identify items that will minimize risk of financial and operational loss.
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
Governance Ensuring effective governance processes and controls are in place and that policies are adhered to and that the risk management and control framework is rigorous and consistent with CIBCs risk appetite. This includes keeping abreast of and interpreting Corporatewide policies industry and legislative requirements/ best practices and monitoring regulatory changes in order to develop manage and execute enhancements to operational risk and business continuity programs. Proactively alerting to the emergence of operational risk issues and make informed decisions to address potential nonconformity with key governance policies/procedures and/or acceptable risk limits.
Strategic Leadership Shape and influence business strategies and strategic planning to ensure optimization of the control framework while considering impacts to the employees and clients. Develop solutions that address identified process gaps increasing regulatory requirements or internal requirements that optimize compliance to regulatory requirements and the resultant impact to the frontline and our clients. Continuously review and evolve our risk detection and mitigation capabilities in a landscape of increasing regulatory scrutiny evolving audit methodologies and a continued focus in line with CIBCs Risk Appetite Statement. Oversee the design review and approval of all changes to key controls nonkey and KAR duty control testing programs; Sponsoring implementation of remediation plans for targeted control gaps or special projects; leading the development of effective governance policies and procedures.
Relationship Building Providing leadership and effective management to influence employee engagement and commitment to the organization to the team and to their job by cultivating and managing a high performing team to deliver on and support the mandate.
People Leadership Setting appropriate context when assigning work to ensure that individuals roles support the achievement of the business units priorities and CIBCs overall goals. Managing performance by providing fair and accurate formal and informal feedback identifying and removing obstacles to performance and by explaining how performance expectations align with business priorities.
Who you are
You can demonstrate experience. 10 years in a senior governance business controls risk compliance and/or audit function within the financial services industry with extensive knowledge and experience in risk management principles practices policies and procedures including audit and business controls.
You are a caring and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and inspiring successful team performance.
Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define whats possible.
You put our clients first. You engage with purpose to find the right solutions. You go the extra mile because its the right thing to do.
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 Corporate Governance Fraud Management People Management Performance Management (PM) Risk Management Strategic Leadership Strategic Objectives Technical KnowledgeRequired Experience:
Exec
Employment Type
Full-Time
