Senior Director, Operational Risk
Senior Director, Operational Risk
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Job Description
Were building a relationship-oriented 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 leader on the Operational Risk Management Personal & Business Banking Commercial Banking & Wealth Management Operational Risk team you will have the opportunity to make a significant impact by overseeing and challenging operational risk exposures in our core Canadian Banking portfolio. As Senior Director Operational Risk Management you will work closely with business leaders to ensure that all aspects of the operational risk management and control framework requirements are met. You will provide operational risk and control framework-related advice and effective challenge to business lines proactively monitoring emerging risks and external events overseeing control and deficiency management and staying current on regulatory changes and industry best practices.
At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
How youll succeed
Effective challenge Fulfill the role of CIBCs second line of defense in the management of operational risk by challenging the business lines operational and control inputs and outputs. You will be engaged in the CIRA (Change Initiative Risk Assessment) process Incident reporting Risk Reviews RCSAs Emerging Risks and Scenario Analysis for assigned LOBs. You will provide guidance in the determination of the materiality of control deficiencies and ensure they are appropriately classified aggregated reported on and disclosed. You will monitor that assigned LOBs have all key control assessment processes in place.
Promote a strong risk culture Establish strong working relationships with LOBs in the portfolio with a goal to develop heightened awareness of the importance of operational risk assessment early identification of such risks and the need to establish appropriate controls and tools to monitor operational risks. Share your knowledge by providing operational risk and control framework-related advice to business lines.
Develop an independent perspective Provide ongoing oversight and assessment of CIBCs operational risk exposure. This will include conducting in-depth detailed and complex risk analysis staying current on regulatory changes and industry best practices to assess their impacts to LOBs and ensure requirements are met.
Who you are
You can demonstrate experience in Risk Management. You have broad and in-depth prior experience with managing operational risk in CIBC businesses and operations an advanced degree in Business or related field and/or relevant years of equivalent professional experience.
You are an influential leader. This key role in the three lines of defense model requires a deep understanding of the business and the ability to constructively challenge senior employees of the Bank. Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
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.
You are a clear and articulate communicator. You have excellent oral and written communication skills including presentation skills appropriate for presentations to senior executives.
Values matter to you. You bring your real self to work and you live our values - trust teamwork and accountability.
#LI-TA
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 points-based 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 attribute-based 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
Toronto-81 Bay 31st FloorEmployment Type
RegularWeekly Hours
37.5Skills
Analytical Thinking Commercial Banking Operations Continuous Improvement Techniques Control Frameworks Executive Relationship Management Group Problem Solving Key Risk Indicators Long Term Planning Operation Risk Management People Management Personal Banking Regulatory Requirements Retail Commercial Banking Risk Analytics Risk Assessment Tools Risk Governance Risk Management Risk MeasurementRequired Experience:
Exec
Employment Type
Full-Time
