CIBC

Director Tax Operational Risk & Regulatory Compliance

CIBC$125K — $150K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • CPA designation or Bachelor of Law degree in good standing
  • Around 7 years of tax experience
  • Experience with US tax compliance and transactions
  • Familiarity with IRS 871(m), FATCA, and Qualified Intermediary regimes
  • Strong analytical and problem-solving skills
  • Ability to engage clients and build effective relationships
  • Demonstrated values of trust, teamwork, and accountability.

Responsibilities

  • Monitor regulatory developments and assess compliance impacts
  • Advise Capital Markets and Tax Operations on US tax compliance
  • Guide Legal and Capital Markets on tax requirements in trading documentation
  • Manage areas of tax operational risk and advise business partners

Benefits

  • Personalized recognition and competitive salary
  • Incentive pay and banking benefits
  • Defined benefit pension plan and employee share purchase plan
  • Wellbeing support and a vacation offering
  • Paid time off for personal development initiatives
Full Job Description

What you’ll be doing


The Director, Tax Operational Risk & Regulatory Compliance is a comprehensive leader responsible for providing specialized advice on a wide range of tax risk management issues. The Director, Tax Operational Risk & Regulatory Compliance is responsible for monitoring regulatory developments and overseeing CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies. The Director, Tax Operational Risk & Regulatory Compliance will work closely with Tax Advisory and International Tax & Transfer Pricing colleagues to assess tax risk management issues and advise Strategic Business Units on tax operational requirements.

At CIBC we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.

How you’ll succeed

  • Regulatory Compliance Oversight - Monitor regulatory developments, analyze and assess the impact of changes and support CIBC Taxation’s adherence to enterprise-wide regulatory compliance management policies.
  • US Tax Operations Advisory - Provide support to Capital Markets Operations & Tax Operations colleagues relating to US tax compliance and reporting (US withholding & Qualified Intermediary requirements).
  • Trading Documentation Review - Provide guidance to Legal and Capital Markets colleagues relating to any tax representations required in trading documentation or other legal agreements.
  • Risk Analysis - Manage key areas of tax operational risk and provide recommendations to business partners.      

Who you are

  • You’re a certified professional. You have current accreditation and good standing in the CPA designation or a Bachelor of Law degree, along with ~7 years of experience or tax experience. It’s an asset if you have completed Levels I and II of the CPA Canada In-Depth Tax Course or Master of Taxation.
  • You can demonstrate experience with US taxation matters impacting financial products, including IRS 871(m). Knowledge of FATCA and Qualified Intermediary (QI) regimes will be regarded as an asset. In addition, you will have excellent research and analytical skills. Further, you have advanced problem-solving skills and ability to implement the solutions. Exposure to the financial services industry would be regarded as an asset however, consideration will also be given to candidates with less experience but who have a strong interest and desire to learn the financial services business. 
  • You put our clients first. You engage with purpose to find the right solutions. You go the extra mile, because it's the right thing to do.
  • Your influence makes a difference. You know that relationships and networks are essential to success. You inspire outcomes by sharing your expertise.
  • 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, 26th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Compliance Oversight, Financial Reporting and Analysis, Leadership, People Management, Regulatory Requirements, Tax Advising, Tax Audits, Tax Law, Tax Legislation, Tax Planning

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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