Senior Consultant, Regulatory Compliance Management and Strategic Initiatives

CIBC

  • Toronto, ON
  • Permanent
  • Full-time
  • 23 hours ago
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 visitAs the Senior Consultant, Regulatory Compliance Management & Strategic Initiatives, you will be responsible for building, enhancing, and leading cross-team processes for effectively managing and overseeing Commercial Banking and Wealth Management Compliance (CBWMC)’s Regulatory Compliance Management (RCM) activities, ensuring consistent compliance with CIBC’s RCM policies and guidance, and helping to identify and remediate potential regulatory compliance risks across all CBWMC pillars. You will be primarily accountable for supporting the entire CBWMC team in relation to CIBC’s RCM program to ensure CBWMC and the businesses we support effectively anticipate regulatory risks and meet or exceed the expectations of our clients, shareholders, and regulators.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 1-3 days per week on-site, while other days will be remote.How you’ll succeed
  • RCM Program Management – Lead the enhancement and ongoing maintenance of CBWMC’s RCM Library including existing and new Regulatory Group Topics and identification of enhancement opportunities for mitigants. Design, implement, and lead a comprehensive program for RCM oversight of CIBC’s market-linked investment products (e.g., Market-Linked GICs and Principal Protected Notes). Lead the phased implementation of significantly enhanced RCM requirements mandated by Enterprise-Wide Compliance (EWC).
  • Deficiency Management – Lead the management of CBWMC’s deficiencies portfolio, identify RCM and other deficiencies, develop strong action plans to remediate open issues, provide regular reporting to CGRA senior management, and ensure the effective remediation of deficiencies. Conduct periodic analysis on CBWMC RCM deficiencies to identify insights, trends, potential issues, and related opportunities to enhance and strengthen regulatory compliance oversight.
  • Collaboration & Stakeholder Management – Support CBWMC’s registered Chief Compliance Officers (CCOs) in executing their RCM accountabilities, ensuring consistent practices and standards across CBWMC’s various businesses. Partner closely with EWC, Compliance & EAML Examinations (CEEP), other CGRA teams, and other key stakeholders to proactively assess the adequacy of CBWMC’s RCM activities and implement best practices. Manage CBWMC’s Change Initiative Risk Assessment (CIRA) process, ensuring engagement of CBWMC team members. Representing CBWMC on certain CIRA committees.
  • Lead Strategic Initiatives – Lead CBWMC’s support of regulatory initiatives impacting multiple pillars of CBWMC, representing CBWMC on project working groups and collaborating with relevant team members. Assist the VP, Compliance and registered CCOs with periodic reporting to senior management, ensuring consistent cross-CBWMC standards and messaging and identifying potential cross-pillar risks.
  • Oversee Continuous Improvement Initiatives – Implement and oversee continuous improvement initiatives to enhance efficiency and effectiveness in CBWMC’s RCM, reporting and monitoring activities. Monitor changes in relevant laws, regulations, and industry standards impacting CBWMC, and implement resulting RCM enhancements. Design and deliver a program including periodic training to strengthen CBWMC’s RCM culture and to increase capabilities for all members of the team.
Who you are
  • You can demonstrate experience. In regulatory requirements for RCM programs, with experience in regulatory compliance and knowledge of regulatory requirements applicable to one or more of the retail securities, asset management, and commercial banking businesses.
  • You can demonstrate knowledge. Knowledge and understanding of CIBC lines of business, products and operations to effectively provide oversight of high quality business standards and business conduct.
  • You have a degree. In Business, Economics, Commerce, Financial Risk, and/or related field.
  • You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
  • You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.
  • You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.
  • You're passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You connect with others through respect and authenticity.
  • You love to learn. You're passionate about growing your knowledge. You have a strong sense of curiosity.
  • Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.
#LI-TAWhat CIBC OffersAt 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 conditionsWhat you need to knowCIBC 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 contactYou 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 Objectives

CIBC