Sr Consultant - Business Controls (Risk Governance)

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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.

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What You’ll Be Doing

As a member of the US Commercial Banking Risk Governance team, you’ll support the risk management activities for the Client Banking Specialist and Treasury Management teams. This will include supporting the business in the identification of controls, participating in risk assessments, leading remediation of deficiencies, writing of procedures, monitoring business processes, and reporting on business risk outcomes.

This role will liaise with the second and third lines of defense on new/ changes to risk programs, gathering evidence and support during exams, and providing subject matter expertise over the processes executed by the Client Banking Specialists and Treasury Management teams.

At CIBC we enable the work environment most optimal for you to thrive in your role you’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 2-3 days per week on-site, while other days will be remote.

How You’ll Succeed

• Relationship Management - Relationship manager and collaborative consultant with business partners and 2nd and 3rd Lines of Defense for all matters relating to risk management. Manage relationships at peer or director level, as well as project and initiative managers, within the assigned LOB.  Represent Risk Governance on LOB initiatives.

• Risk Assessment/Risk Consulting - Work closely with LOB partners to proactively identify risk exposures and control gaps. Analyze and  synthesize risk exposures, operational losses, root causes and control gaps. Lead the assessment and recommendation of self-assessed deficiencies to mitigate risk exposures and control gaps. Lead the Change Initiative Risk Assessment (CIRA) process ensuring all high inherent risks are identified and compliant to the CIBC CIRA process. Acts as the risk and controls Subject Matter Expert (SME), providing expert advice to Line of Business partners. Participate in business, governance and regulatory projects, typically medium to highly complex initiatives, to identify risk and control issues. Lead all Internal Audits, Compliance Exams, AML/ CEEP, and GORM Reviews for the LOB regarding audit scope review & finalization, requests for information, fieldwork support and potential deficiency management.

• Risk Subject Matter Expertise – Understand and communicate requirements related to fraud, AML, compliance, data, and transaction processing risks. Be able to translate risk requirements into process and controls. Identify efficiency opportunities within existing processes to ensure process

• Control Framework Design/Execution/Management - Understand and communicate Control Framework requirements to LOB partners to ensure awareness and understanding and impacts. Lead the completion of CIBC Control Framework requirements, including Risk and Controls Self Assessments (RCSAs), Key Regulatory Indicators (KRIs). Act as the Maintenance Officer for Operational Process Controls (OPCs), Financial Process Controls (FPCs) and Regulatory Compliance Management (RCM) controls.  Develop & present Executive Reporting on the governance & controls environment of the sub LOB.

Who You Are

You demonstrate experience in Understanding of account openings, key product delivery processes and back office settlement/fulfillment processes. Extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures. 

You demonstrate experience in Commercial Banking, Capital Markets or Wealth Managemen