CIBC

Audit Manager, AML/ATF 1LOD

CIBC$100K — $120K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years experience in auditing or relevant risk management roles
  • In-depth understanding of Canadian AML and sanctions regulatory requirements
  • Familiarity with AML and sanctions processes in banking
  • Strong critical thinking skills with attention to detail
  • Ability to communicate complex information effectively

Responsibilities

  • Conduct risk-based audits in AML/ATF operations
  • Review and assess effectiveness of processes and controls
  • Communicate internal control weaknesses to management
  • Manage multiple audit assignments simultaneously
  • Monitor and evaluate corrective action plans from management

Benefits

  • Hybrid work arrangement allowing remote work flexibility
  • Opportunities for professional growth and career advancement
  • Comprehensive benefits including a pension plan and share purchase plan
  • Personalized recognition programs and wellbeing support
  • Innovative workspaces designed for collaboration and creativity
Full Job Description
What you'll be doing You will participate as part of a team to conduct risk-based audits related to AML/ATF line of business and operations audits. As an Audit Manager, you will review the design and operating effectiveness of processes and controls to assess if they are adequate to mitigate the regulatory risks.You will work collaboratively with your team and audit clients for timely completion of audit engagements. 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 1-3 days per week on-site, while other days will be remote How you'll succeedAudit execution – Assess key business risks and evaluate the design and operating effectiveness of related processes and controls; identify and communicate internal control weaknesses and inefficiencies to business line management. Advise management and business partners of best practices and promote compliance with CIBC policies and procedures, accounting standards and regulatory requirements. • Deficiency Management – Review artifacts supporting the corrective action plans agreed with client management and assess whether they remediate the risks. • Project management - Effectively manage multiple audit assignments at different stages of the audit cycle and complete required tasks on a timely basis. Communicate regularly with the team and manager to provide updates on progress. Who you areYou have in-depth understanding of Canadian AML and sanctions regulatory requirements; Audit experience is an asset, but not essential. • You can demonstrate knowledge of AML and sanctions processes related to banking products and services gained through experience working in or closely supporting first line business teams or working in 2nd line AML functions. • You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision-making. • You give meaning to data. You enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way. • Values matter to you. You bring your real self to work, and you live our values - trust, teamwork, and accountability. What CIBC Offers At 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 Location Toronto-81 Bay, 34th Floor Employment Type Regular Weekly Hours 37.5 Skills Analytical Thinking, Anti-Money Laundering (AML), Audit Execution, Audit Management, Internal Controls, Operating Effectiveness, Risk Based Auditing, Risk Management and Mitigation, Work Collaboratively, Writing

About CIBC

The Canadian Imperial Bank of Commerce is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city's Financial District. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT. It is one of two Big Five banks founded in Toronto, the other being the Toronto-Dominion Bank. The Canadian Imperial Bank of Commerce was formed through the June 1, 1961, merger of the Canadian Bank of Commerce and the Imperial Bank of Canada, the largest merger between chartered banks in Canadian history. The bank has four strategic business units: Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, U.S. Commercial Banking and Wealth Management, and Capital Markets. It has international operations in the United States, the Caribbean, Asia, and United Kingdom; Globally. CIBC serves more than eleven million clients, and has over 40,000 employees. The company ranks at number 172 on the Forbes Global 2000 listing.
Learn more about CIBC
Market Cap
$43.5 billion
Industry
Founded
1867
5 Year Trend
+8.8%

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