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

US Risk Management (RM) is led by the US Chief Risk Officer and is accountable on matters relating to the independent oversight of the management of risks inherent to CIBC’s activities in the US. These risks include, but are not limited, to ensuring that effective processes are in place for the identification, measurement, mitigation and monitoring of operational, reputation and legal, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s businesses, infrastructure and corporate governance groups. 

 

Global Operational Risk Management (GORM), within Risk Management, is responsible for providing oversight of CIBC’s global operational risk exposures and provide effective independent challenge to the operational risk management risk activities. GORM is the owner of the Operational Risk Management Policy and Control Framework.

 

US Operational Risk Management department is responsible for providing oversight and second line of defense challenge of operational risk exposures within all business units across the US Region.

 

What you’ll do

 

As the second line of defense, the Senior Manager, Criminal Risk, US Fraud Risk Management’s primary purpose is to understand the bank’s exposure to Physical Security & Safety (PS&S) and Fraud risk based on its size, complexity, and risk profile. You’ll serve as a trusted business partner and provide appropriate recommendations to manage and limit exposure to PS&S and fraud risks. You’ll monitor PS&S and fraud risk against risk appetite, and ensure independent effective challenge of PS&S risk and fraud risk.

 

How you’ll succeed

 

The Senior Manager, Criminal Risk, US Fraud Risk Management will be responsible for, but not limited to the following activities:

 

Sustaining a PS&S second line of defense target operating modelFulfill the PS&S risk associate role over Change Initiative Risk Assessments, External Event Reviews, Incident Reports, and Risk and Control Self-AssessmentsProvide independent effective challenge aimed at the identification of PS&S sub-risk events and provide recommendations for remediating PS&S risks to acceptable levelsPerforming PS&S regulatory compliance management activities, to include but not limited to leading or administrating PS&S related Regulatory Compliance Risk Reviews and providing independent effective challenge over US PS&S compliance controlsProvide quarterly independent effective challenge and an annual program maturity assessment over the US PS&S Third Party Risk Assessment programParticipate in Scenario Analyses, as requiredPerform PS&S Risk ReviewsComplete independent effective challenge over the submission of PS&S metric resultsReview issues with a PS&S nexus and consider themes for PS&S Risk ReviewsReview PS&S key controls against expected volume and appropriate classification of PS&S sub-risk eventsAcquire industry intelligence to understand top line and emerging PS&S risksProvide input into Emerging Risks and High Materiality Known Risk exercisesremain informed of industry practices and regulatory expectationsparticipate in Regulatory Compliance oversight activities and Operational Resilience activities (e.g. scenario exercises, playbook development, process map development) from PS&S and fraud perspectivesAs a business partner to the US Region, provide value added fraud risk advice on initiatives that require significant engagement to influence, direct, review, and challenge activities. These may result from risk assessments; incidents; new or modified products or services; and fraud program changes.Performing fraud regulatory compliance management activities, to include but not limited to leading or administrating fraud related Regulatory Compliance Risk Reviews and providing independent effective challenge over US fraud compliance controlsWho you are College Degree in a related area (e.g. Criminal Justice, Criminal Science, Criminology) Fraud related designation preferred (e.g. CPP, CFE)Minimum of 5 years’ experience in Banking and Risk ManagementFamiliar with a variety of PS&S and fraud risk management topics, concepts, and practicesExcellent analytical, communication and interpersonal skills;Solid understanding of regulatory expectations and best practices of the financial industry;Good understanding of industry practices specific to PS&S and fraud risk management, along with PS&S and fraud controls;Ability to demonstrate CIBC’s core values (e.g. trust, teamwork, and accountability);Conceptual thinker, organized & relationship builderAbility to manage multiple projects and/or initiatives simultaneously under tight deadlines.

At CIBC, our people are our greatest asset. You’ll become part of a diverse community that acknowledges everyone’s unique talents, and empowers teams to do what’s right for the client and to do it well. As part of our team, you will:

Thrive: Benefit from an open and approachable culture that provides the flexibility and support you need to integrate your life at work and home.Connect: Work in a place where the right technology and infrastructure foster innovation, collaboration, and creativity.Develop: Grow your skills and career through our best-in-class onboarding experience, ongoing learning opportunities, individual development planning, and comprehensive product training.Prosper: Share in our collective success with a competitive salary, incentive pay, banking benefits, health benefits programs, retirement savings, and more.

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At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $125,000 - $175,000 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, 9th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Analytical Thinking, Control Frameworks, Decision Making, Group Problem Solving, Operation Risk Management, Risk Analytics, Risk Assessments, Risk Governance