What you'll be doingCIBC Global Asset Management's Chief Operating Office supports the business through strong oversight, proactive risk management, and a well-controlled operating environment. As an Associate, Oversight, you'll work closely with the Senior Associate, Oversight and business partners across Global Asset Management to support key oversight activities and help strengthen governance practices. You'll assist with Change Initiative Risk Assessments (CIRA), Business Managed Technology requirements, Bloomberg access and index data permissions, and trade error reviews to help identify themes, monitor remediation actions, and reduce the risk of recurrence. You'll also help assess risk exposures and control gaps, support updates to operational procedures in response to policy changes and identified deficiencies, and contribute to training and remediation activities that strengthen control awareness across the business. In addition, you'll support teams in preparing for internal audits, regulatory examinations, and control testing, while applying your knowledge of financial markets, asset classes, and applicable regulatory requirements to day-to-day oversight activities. In this role, you'll build strong relationships across Global Asset Management and contribute to continuous improvement initiatives that enhance processes, streamline ways of working, and reduce operational risk.
At CIBC we enable the work environment most optimal for you to thrive in your role. To successfully perform the work, you'll be on-site full-time.
The expected annualized base salary range for this role is $82,000 to $106,400.
The base salary is determined by a variety of factors, including the candidate's skills, experience, and job-related knowledge, as well as geographic location and specific business needs. Our compensation philosophy supports ongoing growth and development, enabling progression within the salary range as team members advance in their roles.
In addition to base pay, compensation for this role includes participation in an annual discretionary incentive or bonus program.
We are committed to providing fair, equitable, and competitive compensation opportunities for all employees and we encourage open conversations about compensation throughout the recruitment process.
How you'll succeed- Audit and control readiness - Assist Global Asset Management teams in preparing for internal audits, regulatory examinations, and control testing by organizing information, supporting responses, and helping address follow-up items.
- Analytical - Proactively identify risk exposures and control gaps. Analyze and synthesize risk exposures, operational losses, root causes and control gaps. Proactively assess and recommend self-assessed deficiencies. Propose recommendations to mitigate risk exposures and control gaps.
- Regulatory and market knowledge - Apply your knowledge of different financial markets, asset classes, National Instrument 81-102, National Instrument 31-103, National Instrument 81-107, relevant Ontario Securities Commission (OSC) Staff Notices, U.S. Securities and Exchange Commission (SEC) requirements, and Know Your Client (KYC) and Anti-Money Laundering / Anti-Terrorist Financing (AML / ATF) requirements to support oversight activities and strengthen risk and control practices.
- Business managed technology support - Assist with Business Managed Technology requirements, including maintaining accurate inventories, reviewing documentation, and supporting the business in meeting governance expectations.
- Trade error review and remediation - Review trade error reporting for completeness, monitor remediation plans, and maintain themes and trends to help identify root causes and opportunities to strengthen controls.
- Bloomberg administration - Support the maintenance of Bloomberg access and index data permissions to help ensure appropriate user access and effective operational controls.
- Deficiency remediation and assist in operational procedure updates - Provide guidance and support GAM teams in the update of operational procedures following updates due to policy changes, identified deficiencies, and help track remediation activity to support timely and effective resolution.
- Training and remediation support - Support the delivery of training sessions for Global Asset Management employees as new policy requirements are introduced and when training is needed as part of remediation efforts to address identified deficiencies and strengthen control awareness.
- Continuous improvement support - Contribute to ad hoc projects that help Global Asset Management enhance processes and improve ways of working, with a focus on streamlining activities and reducing the risk of errors.
Who you are- You can demonstrate experience in operational risk oversight, asset management compliance reviews, control testing, or related governance activities. It's an asset if you have experience supporting audits, deficiency remediation, or Business Managed Technology requirements.
- You have a degree/diploma in Finance, Business, Accounting, or a related field. You bring demonstrated experience of 5+ years in asset management compliance reviews, operational risk, or related experience.
- You're digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.
- You can demonstrate experience in Microsoft Excel, Microsoft Word, and Monday.com. It's an asset if you have experience using these tools to manage inventories, reporting, workflow tracking, and documentation.
- You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
- You're motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.
- You live your values. You bring high standards, genuine care to your relationships, and want to grow with an employer that shares your values and brings out your best.
What CIBC OffersAt CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.
- We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.
- Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.
- We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.
*Subject to plan and program terms and conditions
Job LocationToronto-141 Bay, 18th Floor
Employment TypeRegular
Weekly Hours37.5
SkillsBusiness Controlling, Client Service, Compliance Monitoring, Group Problem Solving, Project Management, Regulatory Requirements, Risk Management Assessment, Work Collaboratively
