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

JOB PURPOSE

Reporting to the Head of US Compliance Examination Program, the Compliance Examination Manager is accountable for execution of the US Compliance Examination Plan established to ensure the company’s compliance with state and federal laws and regulations. The position supports overall compliance through executing examinations designed to evaluate the design and effectiveness of business controls established to ensure adherence with FDIC and Federal Reserve Requirements for US banks and US branches of foreign banks.

Key areas of coverage for the Role includes but not limited to:

Commercial and consumer lending: Truth in Lending Act, Real Estate Settlement Procedures Act, Flood Disaster Protection Act, Equal Credit Opportunity Act; Home Mortgage Disclosure Act; Community Reinvestment Act; and Fair Credit Reporting Act.

Deposits: Truth in Savings Act; Funds Availability Act; and Electronic Funds Transfer Act.

Privacy: Gramm-Leach-Bliley Act and California Consumer Privacy Act

KEY ACCOUNTABILITIES

Provide independent oversight of compliance with appliable laws, rules and regulations within the US.Plan, scope and design risk-based compliance examinations that adequately address coverage of laws and regulations applicable to CIBC Bank USA, CIBC Inc. and the NY Branch of CIBC as well as adherence to internal policies and standards (“regulatory obligations”)Develop, perform and document risk-based test objectives to evaluate the company’s adherence to the regulatory obligationsLead and execute assigned compliance examinations in a timely manner in accordance with the annual Compliance Examination ProgramEvaluate processes for key compliance controls and develop strategies to ensure appropriate and effective testing of controlsIdentify control weaknesses and root causes of compliance deficiencies, conduct extensive research to support regulatory findings/control weaknesses and propose appropriate corrective actionReview workpaper documentation of compliance examination staff to ensure the results support testing conclusions and adhere to department standardsAssess the adequacy of remediation activities, monitor through completion and escalate past-due itemDevelop relationships with senior management and other key internal contacts, including Management Committee members and their direct reports.Collaborate with compliance partners and line of business management throughout the compliance examination process to ensure timely and transparent communication.Prepare Final Examination Reports to be presented to management, management committees and the Board of Directors that accurately, clearly and concisely present the issue identified to key stakeholders.Provide guidance to the team in all phases of a compliance review as neededAssist with preparation of periodic and ad-hoc reports for management, committee and Board of DirectorsAssist with the development of the risk-based annual compliance examination planAssist with other compliance-related projects and tasks, as requestedProactively develop an understanding, through in-depth research, of US regulatory requirements and expectations.

KNOWLEDGE AND SKILLS

Bachelor’s degree Minimum 7+ years’ of compliance and risk management experience.Comprehensive knowledge of federally recognized examination procedures to evaluate compliance with related laws and regulationsSolid understanding of FDIC and Federal Reserve Bank rules and regulations and the inherent compliance issues facing US banks and US branches of foreign banks.Former role as a commissioned bank examiner, or within internal audit a plusProfessional licenses and certifications desired (CRCM a plus)A detailed approach with strong analytical skills to develop insights and interpret findingsExcellent cross-functional project and relationship management skillsSolid knowledge and understanding of our lines of business, products and operations to effectively provide oversight of high-quality business standards and business conductInspires passion in our mission and values, shows great drive and commitment in helping others understand how their daily work contributes to our Firm’s missionDemonstrated ability to communicate effectively with an emphasis on developing trust, influencing and demonstrating fairnessExcellent organizational and analytical skills and an ability to communicate clearly and professionally with all levels of an organizationExcellent written and verbal communications skills and effective interpersonal skillsStrong knowledge of Microsoft Office products (Word, Excel, Powerpoint)Proficiency in multi-tasking and prioritizing projects and excellent time management skills

CROSS-FUNCTIONAL RELATIONSHIPS

The role works closely with lines of business and members of the Compliance team to develop risk based examinations and identify deficiencies and risks in regulatory compliance.

COMPLIANCE REQUIREMENTS/RESPONSIBILITIES

As an employee of CIBC, the incumbent must comply with all applicable CIBC and Line of Business policies, standards, guidelines and controls.  

AUTHORITIES/DECISION RIGHTS 

As a key contributor to the business unit, this job has the authority to recommend changes to business processes in order to enhance operational efficiency and effectiveness.

CONDUCT & CULTURE RISK

Our CIBC risk culture is based on employees striving to exceed the expectations of ourselves and our leadership’s identification and mitigation of risks in their daily responsibilities, not just in quarterly or annual monitoring/assessments.  We all are accountable for managing risk.

As an employee of CIBC the incumbent must conduct themselves (and foster an environment for others) in a manner consistent with our strong risk culture. This includes:

Following all aspects of the CIBC Code of Conduct, as well as all applicable CIBC policies, frameworks, guidelines, processes and controlsAt all times acting in accordance with our Purpose and shared values, to achieve our Bank’s strategic goalsUnderstanding and following the qualitative and quantitative components of our Risk Appetite StatementsCompleting all annual Corporate Mandatory Training and Testing modules, as well as any additional business-specific modules, as required and employing the learnings in daily activities and undertakingsEscalating matters through one of the appropriate channels identified in the CIBC Code of Conduct (i.e., HR, management, Ethics Hotline, Whistleblower, etc.) upon observing activities that may be inconsistent with CIBC’s policies, frameworks, guidelines, processes and controlsSpeaking up if witnessing behaviors that drive poor or unfair outcomes for clients, team members or other stakeholdersEscalating matters that can result in adverse market practices and outcomes, thereby negatively impacting CIBC’s reputation as a leading financial institution

WORKING CONDITIONS

·This role operates within a normal office environment

Travel required:  Occasional

California residents — your privacy rights regarding your actual or prospective employment

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $130,000 - $150,000 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-120 S LaSalle St

Employment Type

Regular

Weekly Hours

40

Skills

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