Senior Compliance Advisor (Commercial Banking)
Senior Compliance Advisor (Commercial Banking)
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$ 130000 - 150000
1 Vacancy
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
This role requires a deep understanding of commercial banking regulations enterprise risk management and leadership skills to guide the first line of defense and collaborate across functional areas. This advisory roles supports all commercial and specialty banking lines of business including - but not limited to - commercial real estate specialty lending and treasury management.
KEY ACCOUNTABILITIES
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 regulatory-related complaints including responses to regulatory agencies
Support the execution 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 compliance-related documentation including policies and procedures is accurate up-to-date 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 compliance-related 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
COMPLIANCE REQUIREMENTS/RESPONSIBILITIES
As an employee of CIBC the incumbent must comply with all applicable CIBC and Line of Business policies standards guidelines and controls.
AUTHORITIES/DECISION RIGHTS
As a key contributor to the business unit this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.
CONDUCT & CULTURE RISK
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 business-specific 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
KNOWLEDGE AND SKILLS
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 problem-solving 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 rapidly-changing 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
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $130000K - $150000 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.
This position does not offer visa sponsorship.
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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 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 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.
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 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 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
IL-70 W Madison St 10th FlEmployment Type
RegularWeekly Hours
40Skills
Advisory Services Compliance Assessments Leadership Process Improvements Regulatory Compliance Risk Compliance Software Testing Process Strategic Objectives Technical KnowledgeRequired Experience:
Senior IC
Employment Type
Full-Time
