Senior Manager, Compliance [Regions]
Senior Manager, Compliance [Regions]
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$ 112500 - 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
The Corporate Function Compliance (CFC) Officer will assist in the management of CFC oversight function responsibilities related to CIBCs Regulatory Compliance Management (RCM) program. The RCM program establishes CIBCs firmwide approach to compliance risk oversight and assessment of compliance risk for CIBC US. The CFC Officer will support the US Corporate Function Compliance Director to ensure regulatory compliance oversight activities are operating effectively and efficiently across various infrastructure functions. Working experience working within capital markets and/or wealth management operations preferred.
What Youll Be Doing
- Regulatory Inventory and Monitoring: Identify and maintain an inventory of laws regulations and guidance related to capital markets / wealth management operations regulatory requirements. As needed the CFC Officer may also assign additional regulatory requirements impacting the combined US Operations. Monitor regulatory changes and work with business units and functional groups to ensure policies / procedures / controls are in place to comply with new regulatory changes.
- Risk Assessment: Perform risk assessment of applicable regulatory requirements in accordance with the established methodology and facilitate the monitoring reporting and management of those risks. Provide input on regulatory compliance risks related to products/service/business changes as appropriate. Communicate risk assessment results to business partners.
- Collaboration: Build and maintain strong working relationships with business partners by providing support advise and effective challenge when needed (e.g. RCM activities projects process enhancements developing controls and procedures etc.).
- Risk Mitigation and Oversight: Oversee and challenge the effectiveness of first line risk mitigation activities to ensure controls policies and procedures are designed to effectively manage and mitigate compliance risks. Ensure controls policies and procedures adhere to established guidelines and are updated as appropriate.
- Control Testing and Deficiency Management: Ensure awareness of regulatory compliance deficiencies and control testing results impacting RCM controls within CFCs oversight. Support first line in remediating RCM deficiencies.
- Reporting: Support reporting requirements related to the effectiveness of RCM activities (e.g. metrics).
- Training: Develop communication plans job aids guidelines templates and other educational materials.
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.
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 3-4 days per week on-site while other days will be remote.
CONDUCT & CULTURE RISK /How Youll Succeed
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
Who You Are
- Bachelors degree in accounting finance or other business-related area
- Minimum 5 years in Capital Markets and/or Wealth Management Operations experience with a large bank or financial services organization
- Familiarity with Federal and state laws and regulations applicable to one or more of the following areas: derivative reporting securities clearing settlement custody segregations etc.
- Familiarity with risk and control methodologies or managing risk/controls
- Strong research analysis problem-solving and decision-making skills with ability to identify risks and issues for escalation to management as necessary
- Excellent interpersonal skills including verbal and written communications
- Advanced Excel Word and PowerPoint skills
California residents your privacy rights regarding your actual or prospective employment
At CIBC we offer a competitive total rewards package. This role has an expected salary range of $112500 - $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.
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
Decision Making Process Improvements Quality Assurance (QA) Regulatory Compliance Risk Assessments Strategic ObjectivesRequired Experience:
Senior Manager
Employment Type
Full-Time
