Job Information
CIBC Director, Corporate Function Compliance in Toronto, Ontario
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
Reporting to the VP, Enterprise-Wide Compliance and Global Regulatory Affairs, the Director, Corporate Function Compliance (CFC) is responsible for providing strategic leadership and direction to a team of Compliance professionals. The objective of the role is to manage, lead and coach a team of CFC Officers, and report on whether the applicable 1st Line group(s) under the CFC team’s purview as the Oversight Function (OF) are appropriately managing regulatory compliance risk in alignment with the Bank’s risk appetite and regulator expectations. This position involves strategic planning, coordination of Regulatory Compliance Management (RCM) activities, and ensuring alignment with industry standards, the Bank’s RCM Policy, and regulator expectations.
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
Team Management – Provide ongoing leadership and guidance to a team of Corporate Function Compliance officers responsible to execute RCM OF activities and serve as a subject matter expert for specific regulatory requirements under their purview.
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 adjust compliance strategies accordingly within the team’s purview.
Strategic Leadership – Provide strategic leadership and direction in the execution of RCM activities and high-level tactics to identify, monitor and mitigate regulatory compliance risk within the team’s purview to ensure alignment with the RCM framework. Provide insights and best practices for process optimization with a focus on operational excellence of end-to-end regulatory compliance processes and mitigations.
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.
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 can demonstrate experience. In regulatory compliance management activities such as monitoring regulatory changes and reviewing complex legal or regulatory documentation to identify key requirements in order to establish a strong control environment. You have working experience in compliance, risk management, legal, audit, or other governance groups in the financial services industry. You have 5+ years of people management experience providing strategic leadership to a team.
You can demonstrate knowledge. Of Internal Control Framework and regulatory environments applicable to financial institutions.
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.
Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
You are a caring and accountable leader. You're passionate about developing and coaching to bring out the best in people. You have led diverse, high performing teams.
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
Toronto-81 Bay, 31st Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Advisory Services, Compliance Assessments, Leadership, Process Improvements, Regulatory Compliance, Risk Compliance, Software Testing Process, Strategic Objectives, Technical Knowledge
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.
