Sr Business Governance Controls & Managing Director

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Responsibilities:

As a Sr. Business Governance Controls & Managing Director, you will contribute to Commercial Banking goals and assist with the design and execution of line of business risk programs. The Business Risk Assessment and Measurement Lead will serve as a dedicated single point of contact to advise Commercial Banking on the assessment, mitigation and measurement of Financial, Strategic and Operational Risk.

The role is an individual contributor role on the Governance & Controls team within the first line of defense. The role will understand the Enterprise Risk Management (ERM) framework and act as the designated “Risk Steward” for Commercial Banking. The role will manage ERM activities with business segment heads to provide a holistic view of risk across Commercial Banking. 2025-LE-902

What You'll Be Doing:

• Leading and coordinating risk identification activities across front-line staff including organizing workshop and challenge sessions and inventorying/ documenting and rating risks and mitigations on behalf of the business
• Leading or supporting development and annual review/recalibration of line of business specific risk appetite/segment risk statements/product risk statements with a focus on emerging credit, market, operational and strategic risks
• Working with front-line staff and Risk Management to propose appropriate metric thresholds based on any available analysis of historic, current or forecasted data
• Monitoring metrics owned by front-line staff based on required monitoring frequency
• Working with Governance & Controls team to respond to attestations, management and board threshold breaches (e.g. root cause analysis, action plan and timelines to address) and present information to management on behalf of the business
• Supporting Risk Management and front-line staff to ensure all new initiatives conform to risk appetite statements
• Identifying and building effective KPIs/KRIs to monitor front-line risks and define and source necessary data to develop and maintain KPIs/KRIs segment risk/risk appetite statements that monitor the right risks in the most meaningful way
• Championing data requirements and systems to support ongoing MIS and reporting enhancements
• Planning, scoping and executing targeted reviews in consultation with the Risk Management department
• Providing advice and training on ERM framework on a day-to-day basis to front-line employees
• Participating in special projects as needed

To successfully perform the work, you will be on-site full-time. 

How You'll Succeed:

The successful candidate will exhibit CIBC’s values of trust, teamwork, and accountability. The successful candidate will have a thorough understanding of commercial banking processes and related risks and controls through a mix of audit (internal or external), regulatory agency (FRB, FDIC, OCC), and/or advisory/consulting experience with large financial institutions or consulting firms. An ideal candidate will possess the following:

• Seven or more years of experience in commercial banking, financial services consulting, or related work experience
• Demonstrated experience building and executing first line or second line of defense enterprise risk management programs
• Strong research, analysis, problem-solving, and decision-making skills with ability to identify commercial banking risks and issues for escalation to management, as necessary
• Excellent collaboration and relationship-building skills as the role will work closely with line of business and executive management as well as members of other risk functions (e.g.