Senior Compliance Officer Insurance-2
Senior Compliance Officer Insurance-2
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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
Risk Management is led by Senior Executive Vice-President and Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBCs activities. These risks include but are not limited to ensuring that effective processes are in place for the identification management measurement monitoring and control of operational reputation and legal strategic market credit investment and liquidity risk collectively CIBC Risk incurred by CIBCs retail and wholesale businesses infrastructure and corporate governance groups. The Compliance Department provides timely and proactive advice and independent oversight of CIBCs compliance with applicable regulatory requirements. Together with the businesses the Compliance Department works to manage and mitigate regulatory risk. Reporting to the Vice President of Canadian Retail Banking Compliance the Senior Compliance Officer provides specialized expertise advice independent monitoring and oversight regarding CIBC Insurance Division including CIBC Life Insurance Company Limited (CIBC Life) and CIBC Insurance Agency Inc. (CIBC Agency).
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
You will support the Canadian Retail Banking Compliance mandate in consultation with the Senior Director as necessary as follows:
Compliance Oversight You will lead the assessment of development and introduction of new products services and business initiatives; advising on mitigating controls (including policies/procedures) necessary to address regulatory risks; timely and on-going identification risk assessment and communication of changing regulatory requirements; effective and timely discussion escalation and reporting of regulatory compliance risks and issues; establishing an appropriate regulatory compliance culture and supporting the business in achieving its strategic objectives while ensuring effective management of regulatory compliance risk and control processes.
Regulatory Oversight You will analyze new and pending laws regulations and industry commitments that affect areas of responsibility ensuring that relevant issues and organizational risks are identified and raised for consideration by management in formulation and revision of policies and procedures for regulatory compliance. You will also provide advice recommendations and assistance in developing policies procedures training and communications to ensure compliance.
Issues Resolution Management You will oversee or monitor the satisfactory resolution of complex contentious or sensitive regulatory compliance issues with significant product or business line implications such as implementation of new client disclosure requirements action plans to address a procedural non-compliance issue identified by external regulators actions to address regulatory compliance control deficiencies etc. Ensure that all significant compliance issues such as deficiencies or regulatory risks are reported to the Senior Director the VP Compliance the Chief Compliance Officer and senior management as appropriate.
Who you are
You can demonstrate experience in CIBCs organizational structure and organizational initiatives within your assigned business area(s) including new products technologies and applications as well as their implications in order to ensure that the business is in conformity with all applicable laws regulations and internal procedures.
Its an asset if you have knowledge of regulatory/compliance policies procedures and methodologies and specifically in the Insurance field sufficient to draft strategies and provide leadership in resolving regulatory compliance issues or experience in Audit Internal Control Legal or Compliance for a financial institution.
Youre motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.
You know that details matter. You notice things that others dont. Your critical thinking skills help to inform your decision making.
Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
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 health benefits program defined benefit pension plan an employee share purchase plan 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.
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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* 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
Quality Assurance Review Quality Investigations Regulatory Compliance Regulatory Requirements Risk Assessments Strategic ObjectivesRequired Experience:
Senior IC
Employment Type
Full-Time
