Portfolio Manager, Business Controls Specialist

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. 

US Operational Risk Management (ORM) 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 Be Doing

The Portfolio Manager (PM), Business Controls Specialist, US ORM acts as a second line of defense in ensuring that the bank’s operational risk and control frameworks, policies, standards and procedures are understood and used effectively to manage operational risk. The Consultant provides oversight and effective challenge by working with business leaders across the Combined US Operations all aspects of operational risk management (process, people, and systems) and control framework and policy requirements. This role reports to the Director, US Internal Controls Validation (ICV), US Operational Risk Management.

Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How You'll Succeed

• Provide independent effective challenge over first line of defense control activities.
• Test first line of defense controls as dictated by the US ICV Program.
• Identify and notify the first line of defense of any control gaps, ineffective controls, or non-adherence to testing requirements as identified via US ICV program execution.
• Promote a “controls and operational risk culture” that includes managing internal relationships to promote acceptance and implementation of operational risk programs.

• Stay current on regulatory changes and industry leading practices in operational risk, control frameworks, and control testing to ensure CIBC operational risk management meets regulatory expectations, and is effective and efficient.

Who You Are

• At least 5 years of relevant work experience in the financial industry is desired. Large Financial Institution or Large Foreign Banking Organization second line of defense experience is preferred.
• At least 5 years of experience in control testing and/or second line of defense independent effective challenge over first line of defense control testing activities.
• Bachelor’s degree desired.
• Excellent leadership and business planning skills.
• Working knowledge of risk asses