Corporate Function Compliance Officer

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

Reporting to the Director, Corporate Function Compliance, the Corporate Function Compliance Officer is responsible for executing oversight activities and function as a subject matter expert for specific regulatory requirements under their purview. The CFC Officer will work closely with assigned business units or functional groups to conduct compliance risk assessments of regulatory requirements, assess Regulatory Developments, manage compliance deficiencies, and manage the Regulatory Compliance Management (RCM) Library (including controls).  The ideal candidate will act as a key liaison between the assigned business units and the Regulatory Compliance Management program, promoting regulatory adherence to effectively manage regulatory compliance risk.

 

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

• Regulatory Analysis – Stay abreast of changes in relevant laws, regulations and industry standards applicable to financial institutions, analyze the impact of regulatory changes on the organization and translate requirements in plain language to support assigned business units in their efforts to manage regulatory compliance risk.
• Risk Analysis – Perform risk assessment of new regulatory requirements and provide inputs on regulatory compliance risks posed by changing business activities in accordance with current CIBC risk methodology.
• Deficiency Management – Proactively manage the identification, remediation and reporting of regulatory compliance deficiencies and control testing gaps within assigned business and functional units. 
• Collaboration – Provide compliance advisory services to business units within the team’s purview to ensure processes and mitigations are in place to address regulatory compliance risk within CIBC’s risk appetite and in accordance with regulatory requirements and regulator expectations under their purview.
• Relationship Building – Develop and maintain relationships with Oversight Functions, Line of Business leaders, 2nd and 3rd line of defense (LOD) groups to ensure effective oversight processes are in place to effectively reduce the Bank’s exposure to regulatory compliance risk within acceptable levels.

 

Who you are

• You have extensive work experience in regulatory compliance risk management with a strong ability to analyze and interpret impacts of regulatory requirements in a financial institution spanning across multiple business lines and functional groups.
• You can demonstrate strong knowledge and experience in the application of Regulatory Compliance Management (RCM) methodology from regulatory change identification, risk assessment and compliance reporting.
• You can execute compliance oversight activities on assigned portfolios and provide advisory and support to a defined group of Business Units on RCM program elements to ensure the effective management of regulatory compliance risk.
• You can demonstrate knowledge of Internal Control Framework, Risk Framework and regulatory environments applicable to financial institutions.
• You are 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 are able to effectively perform in a fast-paced and non-routine environment both independently and within a team setting.
• Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your compliance insights and contributing towards continuous process innovation and improvement.
• 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 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, 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

181 Bay St., 5th floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Quality Assurance Review, Regulatory Compliance, Regulatory Requirements, Risk Assessments, Strategic Objectives