Job Information
CIBC Senior Fair Lending Advisor in Chicago, Illinois
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 (https://www.cibc.com/en/about-cibc.html)
What you'll be doing:
The Senior Fair Lending Advisor (SFLA) reports to the Fair & Responsible Banking Director and will assist in the development and implementation of CIBC Bank USA’s Fair Lending Program. The SFLA is responsible for managing the Fair Lending Compliance Management System (CMS) and ensuring compliance oversight and support to lines of business and operational areas.
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 3 days per week on-site, while other days will be remote.
Who you are:
Expert knowledge of all fair and responsible banking laws, regulations and guidance, including but not limited to Regulation B – Equal Credit Opportunity Act, Fair Housing Act, Home Mortgage Disclosure Act (HMDA), CRA, Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Servicemembers’ Civil Relief Act (SCRA), Military Lending Act (MLA), and Vendor Risk Management.
10+ years’ experience in regulatory compliance, CRCM, and/or JD.
Ability to evaluate controls, conduct impact assessments, identify control gaps, remediate risk and navigate resolution of potential competing objectives.
Strong relationship management skills including engaging stakeholders, persuading others and resolving conflict.
Skilled in gathering accurate information to explain complex concepts, and presenting information to an audience in a way that is engaging and easy to understand.
Excellent interpersonal skills, including verbal and written communications, and leadership skills in acting as a trusted advisor across all lines of defense.
Effective people and project management skills to lead and contribute to projects.
Strong research, analysis, problem-solving, and decision-making skills with ability to identify compliance risks and issues for escalation to management, as necessary.
Ability to manage workload and shift priorities to meet deadlines in a dynamic and rapidly-changing environment.
Advanced Excel, Word, and PowerPoint skills.
Working knowledge of effective dashboard reporting using data visualization tools is a plus.
Values matter to you.You bring your real self to work and you live our values – trust, teamwork and accountability.
What you'll do:
Completing ongoing fair lending risk assessments and assessing applicable compliance requirements for the comprehensive Compliance Risk Assessment.
Developing and maintaining all fair lending related policies, standards and procedures that are commensurate with the size and complexity of the organization and remain current and reflective of regulatory requirements and organizational processes.
Identifying fair lending, fair housing and other related compliance risks for new and existing business activities, including but not limited to marketing campaigns, underwriting, pricing, servicing and collections.
Guiding the bank’s efforts related to operationalizing Dodd Frank 1071 and assisting in establishing a framework to meet all related regulatory requirements.
Assessing potential disparate impact risk across the lifecycle of credit and providing oversight and guidance to the business in identifying viable less discriminatory alternatives.
Advising the lines of business and operational areas on fair lending issues and emerging risks, including regulatory and business changes, resolution of deficiencies, and managing associated internal and regulatory reporting obligations.
Analysis and monitoring of ongoing fair lending risks and activities through ongoing evaluations including, but not limited to, marketing reviews, fair lending monitoring and testing, exceptions analysis, complaint reviews, advisory and issue management oversight.
Ensure that business owned policies, standards and procedures for promoting and tracking fair lending compliance are developed and maintained.
Communicate a culture of compliance through building partnerships and identifying opportunities to reinforce an effective CMS.
Preparing Board and management reporting on applicable program components and metrics.
Assist in the coordination of audit and exam materials.
California residents — your privacy rights regarding your actual or prospective employment (https://us.cibc.com/en/about-us/california-consumer-privacy-act-employment.html)
At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $140,000 - $190,000 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.
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.
Job Location
IL-70 W Madison St, 10th Fl
Employment Type
Regular
Weekly Hours
40
Skills
Analytical Thinking, Communication, Financial Markets, Group Problem Solving, Leadership, Relationship Management, Reporting Processes, Risk Reporting
At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability.
Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel.
Every day, our 44,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.
