What you’ll be doing
As a Consultant, Business Controls, you’ll support the management of material, systemic and emerging risks for Savings, Investment & Advice and Day-to-Day Banking (Everyday Chequing) within Personal and Business Banking (PBB). You will help to develop and implement integrated control improvement solutions across all products. You will support to manage key controls to mitigate operational exposures and potential losses. You’ll provide support of CIBC’s Control Framework to ensure compliance to regulatory, legislative, and operational requirements, including the efficient and effective management of deficiency remediation. You’ll act as the key relationship manager for the business.
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 succeed
Relationship Management – Support the relationship management activities for the assigned Line of Business, in partnership with the Sr. Consultant, and Director, Governance and Controls. Partner and interact with peer and one up levels within the Line of Business, and 2nd and 3rd Lines of Defense.
Risk Assessment – Identify risk and control issues and participate in risk assessment activities and discussions. Perform detailed risk assessments and root cause analyses on control gaps and operational losses. Compile, synthesize and summarize results of risk assessments. Map business control processes; identify potential failure modes and control gaps.
Control Framework Execution – You understand and communicate the Control Framework requirements to LOB partners to ensure they understand and are aware of accountabilities. You lead the completion of all requirements including: Deficiency Management, Change Initiative Risk Assessments (CIRAs), Incident Reporting, Regulatory Compliance Management (RCM) and Controls Development. Opportunity to support on Regulatory Group Topic (RGTs) Reviews, Regulatory Compliance Incident (RCIs) Reporting, and Risk Controls Self Assessments (RCSAs), etc. You develop and recommend new/changes to formal key Control testing programs. You develop reporting and summarize control testing results in preparation for LOB/Executive reviews and sign-off processes.
Who you are
You can demonstrate experience. In Business Controls (1B), Operational Risk, Compliance, Audit, and/or Governance. Experience in Financial, Banking, and/or Insurance sector is an asset. You understand key banking businesses and processes. Extensive knowledge of risk management, audit & regulatory compliance principles, practices, policies and procedures.
You're passionate about people. You find meaning in relationships, and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
You give meaning to data. You enjoy investigating complex problems, and making sense of information. You're proficient in synthesizing information and communicating detailed information in a meaningful way.
You understand details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
Values matter to you. You bring your real self to work and you live our values - trust, teamwork, and accountability.
#LI-TA
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, 23rd Floor
Employment Type
Regular
Weekly Hours
37.5
Skills
Business Controlling, Client Service, Compliance Monitoring, Group Problem Solving, Project Management, Regulatory Requirements, Risk Management Assessment, Work Collaboratively
