Sr Consultant - Business Controls
Sr Consultant - Business Controls
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$ 112500 - 130000
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
What Youll Be Doing
As a member of the US Commercial Banking Risk Governance team youll support the risk management activities for the Client Banking Specialist and Treasury Management teams. This will include supporting the business in the identification of controls participating in risk assessments leading remediation of deficiencies writing of procedures monitoring business processes and reporting on business risk outcomes.
This role will liaise with the second and third lines of defense on new/ changes to risk programs gathering evidence and support during exams and providing subject matter expertise over the processes executed by the Client Banking Specialists and Treasury Management teams.
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 23 days per week onsite while other days will be remote.
How Youll Succeed
Relationship Management Relationship manager and collaborative consultant with business partners and 2nd and 3rd Lines of Defense for all matters relating to risk management. Manage relationships at peer or director level as well as project and initiative managers within the assigned LOB. Represent Risk Governance on LOB initiatives.
Risk Assessment/Risk Consulting Work closely with LOB partners to proactively identify risk exposures and control gaps. Analyze and synthesize risk exposures operational losses root causes and control gaps. Lead the assessment and recommendation of selfassessed deficiencies to mitigate risk exposures and control gaps. Lead the Change Initiative Risk Assessment(CIRA) process ensuring all high inherent risks are identified and compliant to the CIBC CIRA process. Acts as the risk and controls Subject Matter Expert (SME) providing expert advice to Line of Business partners. Participate in business governance and regulatory projects typically medium to highly complex initiatives to identify risk and control issues. Lead all Internal Audits Compliance Exams AML/ CEEP and GORM Reviews for the LOB regarding audit scope review & finalization requests for information fieldwork support and potential deficiency management.
Risk Subject Matter Expertise Understand and communicate requirements related to fraud AML compliance data and transaction processing risks. Be able to translate risk requirements into process and controls. Identify efficiency opportunities within existing processes to ensure process
Control Framework Design/Execution/Management Understand and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts. Lead the completion of CIBC Control Framework requirements including Risk and Controls Self Assessments (RCSAs) Key Regulatory Indicators (KRIs). Act as the Maintenance Officer for Operational Process Controls (OPCs) Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls. Develop & present Executive Reporting on the governance & controls environment of the sub LOB.
Risk & Compliance:
Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leaderships identification and mitigation of risks in their daily responsibilities not just in quarterly or annual monitoring/assessments. We all are accountable for managing risk.
As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:
Following all aspects of the CIBC Code of Conduct as well as all applicable CIBC policies frameworks guidelines processes and controls
At all times acting in accordance with our Purpose and shared values to achieve our Banks strategic goals
Understanding and following the qualitative and quantitative components of our Risk Appetite Statements
Completing all annual Corporate Mandatory Training and Testing modules as well as any additional businessspecific modules as required and employing the learnings in daily activities and undertakings
Escalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e. HR management Ethics Hotline Whistleblower etc.) upon observing activities that may be inconsistent with CIBCs policies frameworks guidelines processes and controls
Speaking up if witnessing behaviors that drive poor or unfair outcomes for clients team members or other stakeholders
Escalating matters that can result in adverse market practices and outcomes thereby negatively impacting CIBCs reputation as a leading financial institution
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $112500 $130000 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.
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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
IL120 S LaSalle StEmployment Type
RegularWeekly Hours
40Skills
Client Service Compliance Monitoring Group Problem Solving Project Management Regulatory Compliance Regulatory Requirements Risk Assessments Risk Governance Risk Management Work CollaborativelyRequired Experience:
Senior IC
Employment Type
Full-Time
