Executive Director II, Head of U.S. Capital Markets Compliance

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Strategic Business Unit Description

In support of CIBC’s core purpose: to make our clients’ ambitions a reality, Risk Management is accountable for the independent oversight of risk management inherent to CIBC’s transactions and activities. These risks include but are not limited to ensuring effective processes are in place for the identification, management, measurement, monitoring and control of operational, reputation and legal, strategic, market, credit, investment and liquidity risk, collectively “CIBC Risk”, incurred by CIBC’s businesses, functional and corporate governance groups. US Compliance delivers on the global Compliance mandate by providing timely, proactive advice and independent second line oversight to the US Capital Markets, US Commercial Banking and Wealth Management lines of business.  US Compliance supports these lines of business by being proactive advisors, trusted specialists and value-added partners. Together with the lines of business and in line with CIBC’s Risk Appetite Statement, US Compliance works to identify, assess, manage and mitigate regulatory compliance risk to protect CIBC’s reputation and brand, while helping CIBC become a strong, innovative and relationship-oriented bank for a modern world.

What You’ll Be Doing

The US Broker-Dealer Chief Compliance Officer (USBD CCO) and Head of US Capital Markets Compliance is responsible for overseeing CIBC’s US Capital Markets’ regulatory compliance program, including the SEC/FINRA registered broker-dealer.  The USBD CCO is primarily responsible for: 1) administering CIBC’s policies and procedures relating to its US Capital Markets business, including as a US registered broker-dealer; (2) taking reasonable steps to ensure compliance with all SEC, FINRA, CFTC, NFA and all other relevant SRO regulatory rule requirements through proactive engagement and advisory services to CIBC’s US Capital Markets employees; 3) taking reasonable steps to ensure CIBC establishes, maintains and reviews written policies and supervisory procedures that are reasonably designed to ensure compliance; 4) taking reasonable steps to ensure noncompliance issues are effectively communicated to both senior management and regulatory staff and resolved; 5), collaborating with front office and Technology personnel on developing and implementing solutions to address regulatory requirements; 6) overseeing CIBC’s regulatory change management process, including identifying and addressing the regulatory aspects of new US and cross-border business initiatives and regulations; and 7) implementing an effective training program for US Capital Markets personnel, covering a wide range of rules and regulations which affect their daily business activities.  

How You’ll Succeed

The USBD CCO and Head of US Capital Markets Compliance is primarily accountable for: