Senior Consultant, Credit Process Challenge and Effectiveness

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

In support of CIBC’s core purpose: to make our clients’ ambitions a reality, Risk Management is accountable for the independent oversight of risk management inherent to CIBC’s transactions and activities.

Reporting to the Director, Credit Process Challenge and Effectiveness, the Senior Consultant, Credit Process Challenge and Effectiveness (‘Senior Consultant’) will be part a 2nd Line of Defense function responsible for developing programs and methods that ensure compliance to policy and regulatory credit risk requirements for RESL and other retail products. This includes providing effective challenge to 1st Line of Defense processes and activities. The Senior Consultant will manage and execute credit processes effectiveness reviews, identify process gaps and issue recommendations to ensure compliant, efficient and sustainable credit decision processes. Accountabilities will also include leading stakeholders workshops, reporting to executives and ensure recommendations are implemented. The Senior Consultant is a key contributor to the risk controls and oversight function for RESL, along with the other retail products, to ensure that CIBC operates within its risk appetite as a 2nd Line of Defense, to ensure proper strategic focus on regulatory matters and efficient use of CIBC’s resources.

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

• Problem solving – You like to conduct in depth assessments and understand the purpose (the why) behind actions and processes. You maintain a Continuous Improvement outlook to achieve a best-in-class oversight and risk management processes.

• Regulatory oversight – You leverage strong analytical skills to provide effective review and challenge of regulatory process and procedure documentation, regulatory oversight of OSFI B20 Guidelines, adherence and compliance to the RCM Policy and other regulatory initiatives.

• Data analytics – You enjoy investigating complex problems, and using data to guide the investigation process.  You are confident in your ability to analyze complex sets of data and make inferences from said data. 

• Structured thinking – You think in structured way when solving problems, and organizing work and can analyze data/situations fully and accurately to guide or reach productive decisions.

• Delivery mindset – You execute and deliver on your mandate with key focus on timeliness and quality. You understand how you can support and deliver on a team’s strategic direction and evolve processes, procedures, tools and training to enable the team to effectively deliver on Risk Analytics and Credit Decision 2nd Line of Defense oversight mandate.

• Communication and interpersonal skills – You exhibit strong verbal and written communication skills and have the ability to communicate effectively with internal and external teams and different lines of business regarding the effectiveness reviews schedules and results.

• Strategic thinker - You research what is happening in the industry, including regulatory trends and financial institution best practices, to predict themes and trends and lead the development and oversight of a sustainable and scalable controls environment to ensure regulatory compliance.

Who you are

• You can demonstrate experience in process re-engineering assessments, process examinations or audit and compliance reviews.  It's an asset if you have a Lean Six Sigma certification. 

• 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.  It’s an asset if you have experience with data analytics tools including Excel, Python, SQL, etc.

• You understand retail financial products origination and servicing journeys, and have an understanding of the regulatory environment applicable to financial institutions.

• You have a University Degree/ College Diploma or equivalent in areas such as business, engineering or computer science.

• You look beyond the moment. You make decisions and take actions that will make a difference today and tomorrow for the programs and the Team. You proactively seek new opportunities to define what's possible.

• 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.

• 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 work to recognize you in meaningful, personalized ways including a competitive compensation, a banking benefit*, wellbeing support and additional offers such as employee and family assistance programs 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.

*Subject to 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.

Expected End Date

2025-05-02

Job Location

Toronto-81 Bay, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Analytical Thinking, Audit Assurance, Business Process Re-Engineering (BPR), Client Counseling, Communication, Compliance Assessments, Compliance Testing, Credit Processes, Delivery Management, Microsoft Excel, Prioritization, Process Controls Engineering, Process Engineering, Process Improvements, Python (Programming Language), Python Frameworks, Quality Improvement, Regulatory Requirements, Risk Analytics, Risk Control, Risk Management, Risk Management Strategies, Strategic Thinking, Structured Query Language (SQL) {+ 1 more}