Compliance Officer, Wealth Compliance Examinations
Compliance Officer, Wealth Compliance Examinations
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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
Compliance & Global Regulatory Affairs (Compliance & GRA) assists our Bank in developing and executing a robust and proactive regulatory compliance and regulatory affairs strategy and effectively managing regulatory risk. The Compliance and EAML Examinations Program (CEEP) team is a group within the Compliance Department and consists of several multi-skilled examination teams including the Wealth Compliance Examinations team. The team provides independent oversight of compliance with Investment Fund Manager Portfolio Manager Investment Dealer and Mutual Fund Dealer laws and regulations applicable to CIBC. The team is also responsible for monitoring advising and reporting on adherence to regulatory and business requirements CIBC corporate policies best practices and acceptable standards of business ethics and conduct.
Reporting to the Director Regulatory Compliance Testing the Compliance Officer will be responsible for executing complex exams focusing on CIBCs Asset Management and Canadian Investment Regulatory Organization (CIRO) Investment Dealer and Mutual Fund Dealer activities. This includes conducting testing to inform the teams opinion on the design adequacy and operating effectiveness of processes and controls designed to mitigate regulatory and operational risk. Furthermore you will provide support evaluating the design and operating effectiveness of action plans developed by the Lines of Business (LoB) to remediate deficiencies.
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 1-3 days per week on-site while other days will be remote.
How Youll Succeed
Perform Examinations - You will perform high quality thorough and timely execution of Wealth Compliance examinations. You will have a thorough understanding of CIBC Asset Management Inc.s (CAMI) Investment Fund Manager and Portfolio Management operations and regulatory requirements applicable to their activities. Additionally you will have a thorough understanding of the operations and regulatory requirements applicable to CIBCs Investment Dealer and Mutual Fund Dealer activities (i.e. CIBC Wood Gundy CIBC Imperial Investor Services CIBC Investors Edge and CIBC Securities Inc.). You will use your well-developed examinations skills to evaluate the effectiveness of processes and controls and identify and recommend areas for improvement.
Regulatory Oversight - You stay informed of any upcoming changes in the Wealth Management industry including those affecting Investment Fund Managers Portfolio Managers Investment Dealers and Mutual Fund Dealers. This includes but is not limited to developments related to the Canadian Securities Administrators (CSA) National Instruments and CIRO rules and regulations. Furthermore you act as a subject matter expert responding to questions from the LoB and team regarding regulations best practices and internal policies and procedures.
Strong Communication and Interpersonal Skills - Effectively Communicate and discuss compliance findings with internal partners which include subject matter experts from Compliance Governance and Controls Legal Risk Management Portfolio Management Trading Product Development Marketing Regulatory Reporting and Operations.
Relationship Building - You will build and maintain positive working relationships with the LoBs including Wealth Governance Teams Legal Risk and Compliance partners and help develop and implement an appropriate regulatory compliance culture including processes and controls that are effective and cost-efficient that help achieve business objectives.
Strong Leadership - Work with the Compliance team to share knowledge and help implement changes to strengthen the Compliance Examinations Program. You provide a safe environment in which different opinions are welcomed.
Who You Are
You have completed a relevant undergraduate degree and studying towards relevant professional designations such as CFA FRM CIA and want to get a unique exposure to wealth management through the regulatory compliance perspective. You have academic knowledge of wealth management and you are looking to apply it.
You have wealth compliance examination or audit experience.
You have completed the Canadian Securities Course and Conduct and Practices Handbook Course from the Canadian Securities Institute.
You can demonstrate experience in analyzing and understanding regulations policies and procedures and apply critical and strategic thinking to address issues and recommend value-added solutions.
You embrace and champion change. Youll continuously evolve your thinking and the way you work in order to deliver your best.
Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
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.
Values matter to you. You bring your real self to work and you live our values trust teamwork and accountability.
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
Compliance Reporting Compliance Testing Decision Making Regulatory Compliance Risk Assessments Strategic AdviceRequired Experience:
Unclear Seniority
Employment Type
Full-Time
