CIBC

Senior Manager, US AML Advisory

CIBC • $120K — $145K *
Chicago, IL 60629In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree in business or related field; advanced degree preferred.
  • CAMS certification preferred.
  • 5-7 years of experience in financial services regulatory programs, focusing on AML and enterprise risk management.
  • Knowledge of US AML laws and regulations; familiarity with US sanctions programs.
  • Understanding of financial services operations, including payment processing.
  • Experience in commercial banking is preferred.
  • Strong judgment and problem-solving skills for risk management advice.

Responsibilities

  • Manage oversight of parts of the AML compliance internal control framework.
  • Handle Advisory-owned email communications.
  • Engage with lines of business for partnership.
  • Support BSA/AML audits and regulatory exams.
  • Assist with the Compliance and EAML Examination Program (CEEP).
  • Review Restricted Client/Vendor approval requests to US CAMLO.
  • Challenge Business Unit Risk Control Self-Assessments and procedures for ML/TF controls.

Benefits

  • Medical, Dental, and Vision insurance.
  • Health Savings Account options.
  • Life and Disability Insurance.
  • Paid Time Off including Sick Leave, Parental Leave, and Vacation.
  • 401(k) retirement plan options.
  • Discretionary bonuses based on performance.
Full Job Description
What You'll Be Doing:

The US AML Advisory, Senior Manager is responsible for providing guidance and advice to the US Commercial Lines of Business. Manager will assess AML risks associated with new products, prospective customers, transactions, higher-risk relationships, and evaluate control effectiveness to ensure appropriate management of risks.

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 2 days per week on-site, while other days will be remote.

How You'll Succeed:
  • Actively manage oversight of certain aspects of the AML Compliance internal control framework
  • Manage Advisory-owned email mailboxes
  • Partner engagement with lines of business
  • Support BSA/AML-related audits and regulatory exams
  • Support the Compliance and EAML Examination Program (CEEP)
  • Assist with projects and initiatives, providing advice and guidance where necessary
  • Review and facilitate Restricted Client/Vendor approval requests to the US CAMLO
  • Review and provide effective challenge to Business Unit Risk Control Self-Assessments
  • Review and provide effective challenge to 1LoD procedures, especially with respect to ML/TF controls and red flag identification and escalation
  • Understand 1LoD performance of Key Controls, results of Key Controls testing related to ML/TF
  • Partner with 1LoD to identify and formally raise deficiencies observed during oversight activities
  • Provide 1LoD guidance in understanding inherent ML/TF risk exposure, and evaluating how internal and external changes impact inherent ML/TF risk exposure, to understand sufficiency of the control environment
  • Provide guidance to 1LoD in determining action plans, as appropriate, monitor 1LoD's progress against action


Who You Are:
  • Undergraduate degree in business or a related field. Advanced degree preferred.
  • Certified Anti-Money Laundering Specialist (CAMS) Certification preferred.
  • 5-7 years of experience interpreting and implementing financial services regulatory programs, preferably related to anti-money laundering and/or enterprise risk management.
  • Knowledge of US AML laws and regulations as well as familiarity with US Sanctions programs.
  • Understanding of financial services operations, infrastructure and payment processing.
  • Experience with commercial banking preferred.
  • Judgment and problem-solving skills in order to provide input and advice to lines of business (LoBs) on risk management controls.
  • Ability to interpret complex regulatory issues in order to provide sound guidance.
  • Interpersonal and relationship management skills to build trust amongst all stakeholders and work collaboratively with LoBs.
  • Time management skills and ability to prioritize and manage competing/demanding priorities and work on multiple projects simultaneously
  • Values matter to you. You bring your real self to work, and you live our values - Trust, teamwork, and accountability.


At CIBC, we offer a competitive total rewards package. This role has an expected salary range of $120,000 - $145,000 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, Vision, Health Savings Account, Life Insurance, Disability, and Other Insurance Plans, Paid Time Off (including Sick Leave, Parental Leave and Vacation), Holidays and 401(k), in addition to other special perks reserved for our team members.

Job Location
IL-Chicago, 70 W Madison St Fl 8

Employment Type
Regular

Weekly Hours
40

Skills
Analytical Thinking, Communication, Financial Markets, Group Problem Solving, Leadership, Relationship Management, Reporting Processes, Risk Reporting

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
Finance & Insurance
Founded
1867
5 Year Trend
+8.8%
* Ladders Estimates

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