Director, Capital Markets Business Risk & Controls Management

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What You’ll Be Doing:

The US Business Management group provides direct day-to-day support for CIBC’s US Capital Markets business, primarily Sales and Trading, Debt Capital Markets and Corporate and Investment Banking. The group’s primary role is to assist in achieving the mandate to be a premier client-focused global bank.

The Business Management Risks and Controls team (the Team) serves as the primary liaison between all Capital Markets Front Office teams, and the Infrastructure and Risk/ Compliance Partners. The Team supports the Capital Markets Front Office businesses to identify, catalogue and test all risks and controls for existing and new products.  US Business Management strives to ensure a sound control environment and provides financial advice to support the business strategy. This role is responsible for providing assessment, consulting, and reporting on a comprehensive inventory of risk and controls involving people, technology, processes or external events that arise from audit and control testing.

The role applies advanced concepts to provide guidance to lines of business during the risk assessment process to identify and evaluate risks and controls according to operational risk standards, policies and procedures. The role is accountable for the implementation, maintenance and adherence of governance and control initiatives, programs, and processes. The incumbent may also be required to participate in initiatives, project and committees as assigned.

The role will make decisions that influence department plans, regularly recommending new processes/ controls to develop the appropriate risk treatment for all identified, open issues. The role uses independent judgement to determine methods and approaches to work, monitoring and reviewing operational risks identified during audits

How You’ll Succeed:

The role will primarily be responsible for the following:

• Controls Identification and Assessment – Executing risk and controls programs in an efficient and timely manner which includes but not limed to identification and documenting of controls including recommending new/ amendment to existing controls, where required, in relation to the operational and compliance risks embedded within the business lines. Creating test plans, testing Key Controls and communicating results as well as monitoring and managing deficiencies.
• Advising businesses on the implementation and monitoring of Business-Managed Technology controls and assisting with the completion of their Risk and Control Self-Assessments.
• Collaboration - Providing Line of Business (LOBs) with advice regarding development of their Policies and Procedures, project plans, business requirements, executive presentation materials and training materials. Participation in ad-hoc business and CIBC-wide projects and committees, as required.
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