Senior Consultant, Compliance

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

The Compliance Department provides timely and proactive advice and independent oversight of CIBC’s compliance with applicable regulatory requirements. Together with the businesses, the Compliance Department works to manage and mitigate regulatory risk.

Reporting to the Senior Director, Complaints, Reporting & Analytics you are accountable to support the preparation of compliance reports for CIBC senior management groups and the Board, concerning the adequacy and effectiveness of processes for compliance, as well as the status of control or compliance matters raised by regulators or identified internally.  In this capacity, you will work with the business and functional groups to provide a holistic and systemic view of consumer protection risks.

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. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you’ll succeed

• Compliance Oversight - Oversee or monitor the satisfactory resolution of Reportable Compliance Issues (RCIs) with significant product or business line implications. This includes the management of regulatory filings and reporting process for regulatory compliance issues.  Consult with the Canadian Retail Banking Compliance management team and business partners concerning complex or contentious reportable compliance issues.  Identify trends and root causes for regulatory compliance issues. 
• Regulatory Oversight - Analyze new and pending laws, regulations and industry commitments  ensuring that relevant issues and organizational risks are identified and raised for consideration by management in the formulation and revision of policies and procedures for regulatory compliance. Provide advice, recommendations and assistance in developing policies, procedures, training, and communications to ensure compliance.
• Regulatory Reviews and Reporting - Provide support with the assessment, investigation and/or management of inquiries, investigations or reviews by regulators.  This includes assessing the significance of issues raised by the regulators, engaging the business in reviewing the response, managing day-to-day interaction with the regulator and consulting with stakeholders, as appropriate.   Prepare executive briefing documents and reports for the Chief Compliance Officer, Senior Management and Board.  Support the development of new, and enhance existing, compliance reports, policies, procedures, and training

Who you are

• You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• You act like an owner. You thrive when you're empowered to take the lead, go above and beyond, and deliver results.
• You embrace and champion change. You'll continuously evolve your thinking and the way you work in order to deliver your best.
• You look beyond the moment. You know what you do will make a difference today and tomorrow. You look for new opportunities to define what's possible.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

#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*, 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 [email protected]

• 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 Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

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