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

The Portfolio Manager, Business Controls Specialist, US ORM will be responsible for, but not limited to the following activities:

• 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.

• This job has the authority to recommend changes to first line of defense processes – primarily within the context of the control and control testing environments – in order to enhance oversight, operational efficiency and effectiveness.

• 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 assessment, control concepts and methodologies that can be used in an Operational Risk context.

• Excellent analytical, communication (written and verbal) and interpersonal skills.

• Solid understanding of regulatory expectations and leading practices of the financial industry specifically for risk management with an emphasis on operational risk management.

• Ability to demonstrate CIBC’s core values (i.e., trust, teamwork and accountability);

• Good conceptual thinker and ability to synthesize complex information into clear and precise business solutions;

• Ability to manage multiple projects and/or initiatives simultaneously under tight deadlines.

At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $100K - $120K for the market based on experience, qualifications, and location of the position. The successful candidate may be eligible to participate in the relevant business unit’s incentive compensation plan, which may also include a discretionary bonus component. CIBC offers a full range of benefits and programs to meet our employee’s needs; including Medical, Dental, Vi