Sr Consultant - Business Controls (Risk Governance)

About the position We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s 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 CIBC.com What You’ll Be Doing As a member of the US Commercial Banking Risk Governance team, you’ll support the risk management activities for the Client Banking Specialist and Treasury Management 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 processes executed by the Client Banking Specialists and Treasury Management teams. At CIBC we enable the work environment most optimal for you to thrive in your role you’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote. How You’ll Succeed Relationship Management - Relationship manager and collaborative consultant with business partners and 2nd and 3rd Lines of Defense for all matters relating to risk management. Manage relationships at peer or director level, as well as project and initiative managers, within the assigned LOB. Represent Risk Governance on LOB initiatives. Risk Assessment/Risk Consulting - Work closely with 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. Lead the Change Initiative Risk Assessment (CIRA) process ensuring all high inherent risks are identified and compliant to the CIBC CIRA process. 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 demonstrate experience in Understanding of account opening s , key product delivery processes and back office settlement/fulfillment processes. Extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures. You demonstrate experience in Commercial Banking, Capital Markets or Wealth Management products and channels. You have a degree in accounting, finance, or a related field. Y ou have minimum of 5 - 10 years experience. At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $112,500 - $130,000 for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s 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. California residents — your privacy rights regarding your actual or prospective employment #LI-TA 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 Mailbox.careers-carrieres@cibc.com 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. Responsibilities • Relationship manager and collaborative consultant with business partners and 2nd and 3rd Lines of Defense for all matters relating to risk management. • Manage relationships at peer or director level, as well as project and initiative managers, within the assigned LOB. • Represent Risk Governance on LOB initiatives. • Work closely with 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. • Lead the Change Initiative Risk Assessment (CIRA) process ensuring all high inherent risks are identified and compliant to the CIBC CIRA process. • 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. • 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 • 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. Requirements • Understanding of account opening s , key product delivery processes and back office settlement/fulfillment processes. • Extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures. • Commercial Banking, Capital Markets or Wealth Management products and channels. • A degree in accounting, finance, or a related field. • 5 - 10 years experience. Benefits • Medical • Dental • Vision • Health Savings Account • Life Insurance • Disability • Other Insurance Plans • Paid Time Off (including Sick Leave, Parental Leave and Vacation) • Holidays • 401(k) Apply tot his job Apply To this Job