Consultant, Operational Risk
Consultant, Operational Risk
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$ 90000 - 115000
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
Technology Infrastructure and Innovation (TI&I) spans the areas of Technology Information Security Deposit Operations Loan Operations Project Management Data Management Office Corporate Real Estate Corporate Security and Risk & Governance. TI&I delivers operational excellence by effectively managing the technology and operations required to run the bank enables the banks transformation by focusing on clients innovating for the future and simplifying operations and supporting the banks growth objectives through flawless execution of strategic initiatives. Governance and Oversight is a First Line control group within the Three Lines of Defense model. As a first line control group we empower CIBCs Control Framework which sets out the objectives for the design of the internal control environment aligned to the Risk Appetite Statement (RAS). We serve the Banks strategy to deliver a superior client experience through the stewardship of sustained and effective risk TI&I Governance & Oversight enables the Banks strategic mandate to maintain financial strength and risk discipline while advancing our purpose-driven culture. We collaborate with the strategic Business Units and work across Functional Groups to grow our business resiliency and value while managing addition we steward the processes for assessing the design and operating effectiveness of the internal control environment and we strengthen the CIBC Risk Management Framework with related policies and processes.
What Youll Be Doing
As a member of the US Technology Infrastructure & Innovation Governance & Oversight (G&O) youll support the risk management activities for the Deposit Payments and Loan Operations 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 Deposit Payments and Loan Operations processes executed by the teams. You will exercise independent judgement within defined procedures and provide recommendations for best practices through experiences and observation for use by other team members as part of knowledge sharing and to ensure consistency in addition you will solve business operations and technical problems within the scope of your role escalating unusual cases outside of documented procedures to management. The role receives general instructions on routine work and requires limited direction
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
Internal Client Engagement Meet with internal clients to understand their priorities and advise them on Operational risk management solutions. Use your knowledge of Operational risk management to protect the organization by providing proactive advisory services to Loan Deposit and Payment Operations teams in deploying risk management measures and in remediating known issues.
Risk Management Leverage your Operational risk management solutions expertise to share your knowledge by introducing ideas to the organization to continuously maintain an acceptable risk posture that is aligned with the industry peers regulatory requirements and CIBCs risk appetite
Communication Exhibit strong verbal and written communication skills. You will communicate effectively with internal and external teams and different lines of business.
Relationship Management Youll create trusted advisory relationships with all partners across all lines of defense inclusive of Operational Risk Management Internal Audit Enterprise counterparts and control assessment teams.
Collaboration Engaging with cross functional teams across all three lines of defense to foster open communication value diverse perspectives ensuring that all voices are heard and contributing to shared success. You will build trust within the team encouraging a supportive environment that enhances creativity and problem-solving.
Time and Project Management Leverage your strong project management skills to proactively manage timelines and keeping direct managers and internal client informed of predicted/ preliminary results
Understand Requirements Conduct analysis of processes and functional requirements to provide proactive advice and guidance to internal stakeholders to ensure that the requirements and work packages are appropriately defined and completed.
Risk Assessment/Risk Consulting - Work closely with line of business (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 self-assessed deficiencies to mitigate risk exposures and control gaps. 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.
Who You Are
You have 5 years of Banking experience some client facing preferred. Regulatory AML and/or Risk experience can demonstrate experience interpreting policies and procedures to ensure timeliness and accuracy of processes under review. Working knowledge of potential risks including AML and Regulatory and first line processes and procedures to effectively identify issues in the quality of the processes and/or controls. Risk and/or AML and Regulatory experience from a first line perspective is preferred.
You give meaning to data. You enjoy investigating complex problems and making sense of information. Youre confident in your ability to communicate detailed information in an impactful way.
You understand that success is in the details and have demonstrated high levels of detail and accuracy. You notice things that others dont. Your critical thinking skills help to inform your decision making.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
Values matter to you. You bring your real self to work and you live our values - trust teamwork and accountability.
You are a strong communicator. You have excellent interpersonal communication (oral and written).
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $90000- 115000 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 also may 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) Holidays and 401(k) in addition to other special perks reserved for our team members.
This position does not offer visa sponsorship.
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 8th FlEmployment Type
RegularWeekly Hours
40Skills
Analytical Thinking Communication Continuous Improvement Techniques Control Frameworks Decision Making Emerging Risks Group Problem Solving Operational Risks Operation Risk Management Risk Assessments Risk Management Risk MonitoringRequired Experience:
Contract
Employment Type
Full-Time
