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JOB PURPOSE

The purpose of the role is to provide support within the Compliance division in its wide range of activities in Singapore and other offices in Asia Pacific; working as a key contributor as part of a small team across the Asia Pacific region. Assisting Head of Compliance Asia Pacific to act as the subject  expert for revising and implementing compliance review and monitoring program. Capital Markets Compliance is a global team providing independent oversight of compliance with applicable regulatory requirements, and assists in reducing and managing regulatory risk.  The  Compliance function  focuses on requirements that govern the relationship between CIBC and its clients, including, in particular, those relating to prudential standards, investor protection, sales and trading practices in capital markets activities.  Capital Markets Compliance is dedicated to providing high quality, timely and innovative compliance services on a cost effective basis.

PURPOSE OF POSITION

Providing  Compliance support to the Capital Markets and Corporate & Investment Banking in Singapore as well as other regional projects in Asia Pacific, including but not limited to regulatory compliance self-assessments, advisory, policy drafting,  monitoring & testing, desk reviews, regulatory information requests, surveys as well as conduct and culture initiatives.

KEY ACCOUNTABILITIES

Support the Head of Compliance Asia Pacific to serve as a local point of coordination in Singapore in interactions and communications with the Monetary Authority of Singapore and applicable regulators and industry associations for regulatory correspondences.

As directed by the Head of Compliance Asia Pacific, the incumbent provides compliance support, guidance and advice to Capital Markets and Corporate & Investment Banking on development and enhancements of relevant policies and procedures.

Implement review on end-to-end processes to comply with regulatory changes, conduct independent regulatory assessments and compliance reviews to assess the effectiveness of existing controls, policies, and procedures related to banking, securities, cross-border activities and related exemption frameworks.

Compile daily and monthly regulatory compliance self-assessment reports and conduct independent compliance reviews

Work with stakeholders to identify potential compliance risks, and develop appropriate mitigation strategies to address any compliance gaps or issues

Responsible for identifying and evaluating regulatory compliance risk and control issues and provide recommendations for improvement. 

Update internal compliance policies/procedures when necessary and communicate the updates to the line of business

Follow up management actions/ rectification actions to resolve findings identified in compliance reviews and examinations undertaken by the regulators

Participate in initiatives/projects that relate to Asia Pacific Compliance. These projects will have firm wide impacts and may be cross-functional in nature

CROSS-FUNCTIONAL RELATIONSHIPS

The job requires working closely with the Global Regulatory Affairs and other governance functions (e.g., Risk Management, Internal Audit, Legal, Privacy, Finance, etc.) and the business units. The job may also require participating on cross-functional teams in order to support initiatives from other groups. Cross-functional relationships will include Executive level engagement.

Frequent interaction with the regulators will be required for meeting coordination or document submissions.

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.

JOB DIMENSIONS

The scope of responsibility spans across CIBC Businesses and Infrastructure groups. This is an individual contributor role with no direct reports. It is a technical and strategic position that requires:

Effective execution of projects/assignments as a business partner and team player while supporting the management team to adopt reasonable steps to meet the senior management accountability regime and applicable laws and regulations;

Ability to adapt quickly to changing conditions utilizing creative/innovative skills;

Ability to operate in a dynamic environment; high degree of commitment to excellence is expected;

Strong team player

A high degree of flexibility and creativity required to be able to adapt to a constantly changing environment, and to develop and adapt procedures and processes to meet such changes.

High degree of verbal and written English skills to communicate with internal stakeholders and regulators in a professional manner ;

Required to operate under time pressures and over extended periods of time, particularly at peak periods; high degree of commitment to excellence is expected;

KNOWLEDGE AND SKILLS

Undergraduate degree or above and relevant professional qualifications in regulatory compliance, banking, risk management or accounting or equivalents.

Working experience of 9 years or more with regulatory and business compliance knowledge across different areas and governance processes in the corporate and investment banking, treasury and capital markets business, including but not limited to FICC and over-the-counter derivatives.

Solid working knowledge in supporting licensing and regulatory compliance issues in Singapore for Capital Markets Services Licensees and Exemption Financial Institutions, cross-border exemption arrangements and applicable regulatory requirements and guidelines issued by the MAS other applicable regulatory authorities; understanding of general regulatory practices in another jurisdiction in Asia Pacific would be a plus.

Well-developed communication skills sufficient to convey factual and conceptual information on issues requiring detailed explanation and interpretation.

Well-developed writing skills for policy drafting and articulation of ideas and opinions that involve analysis, interpretation, and assessment.

Advanced working knowledge of Microsoft Office applications; project management experience an asset.

Excellent communication and presentation skills.

Excellent relationship building abilities.

Strong analytical and information/data management skills.

WORKING CONDITIONS

Operates in normal office environment and working from home if necessary.

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.comYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit

Job Location

One Raffles Place Twr 2 #12-61

Employment Type

Regular

Weekly Hours

40

Skills

Decision Making, Process Improvements, Quality Assurance (QA), Regulatory Compliance, Risk Assessments, Strategic Objectives