Consultant, Regulatory Governance and Controls Oversight

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 75,000 - 105,000; Full time

Job summary

CIBC is seeking a Consultant for Regulatory Governance and Controls Oversight to provide support in compliance with regulatory credit risk requirements. This role requires strong analytical skills, experience with regulatory examinations, and the ability to promote a robust risk culture in a hybrid work environment.

Benefits

Competitive salary and incentive pay

Defined benefit pension plan

Employee share purchase plan

Wellbeing support

Paid time off for personal growth

Qualifications

• Minimum 5 years in compliance or lending industry.
• Experience leading regulatory communications and audits for at least 2 years.
• Understanding of regulatory environment and retail financial products.

Responsibilities

• Perform analysis and deliverables for compliance with regulatory requirements.
• Conduct control reviews to support regulatory compliance.
• Support strategic initiatives ensuring compliance with lending regulations.

Skills

Analytical Thinking

Communication

Risk Analytics

Quality Improvement

Education

University Degree/College Diploma

Job description

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you’ll be doing

Reporting to the Senior Director Regulatory Governance and Controls Oversight, the Consultant Regulatory Governance and Controls Oversight (‘Consultant’) is executing on a 2nd Line of Defense function responsible for developing programs and methods that ensure compliance to policy and regulatory credit risk requirements for RESL and other retail products. This includes providing effective challenge to 1st Line of Defense processes and activities. The Consultant will execute on analysis and deliverables supporting regulatory attestation processes, regulatory outreaches and communication, and risk and controls advisory. The Consultant will conduct controls review to ensure an appropriate control environment to support applicable regulatory requirements and associated risks. The Consultant support strategic business unit initiatives to ensure compliance with real estate secured lending and unsecured lending regulatory requirements. The Consultant will support the Senior Director in initiative reporting and progress tracking. The Consultant is a key contributor to the risk controls and oversight function for RESL, along with the other retail products, to ensure that CIBC operates within its risk appetite as a 2nd Line of Defense and to ensure proper strategic focus on regulatory matters.

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

• Promote a strong risk culture – You will promote and develop heightened awareness of the importance of a strong risk and controls environment, with proactive identification of risks and trends to design business processes for success. You will fulfill the role of CIBC’s 2nd line of defence through effectively challenging the business line’s controls. You will provide guidance in the determination of materiality of controls deficiencies and related action plans.

• Relationship building – You have the ability to effectively interact and build relationships internal and external to CIBC. When issues are identified, you effectively can oversee and monitor the development of right-sized solutions across business units.

• Communication and interpersonal skills – Exhibit strong verbal and written communication skills. Have the ability to communicate effectively with internal and external teams and different lines of business regarding the design and effectiveness of their controls.

• Delivery mindset – You execute and deliver on your mandate with key focus on timeliness and quality. You understand how you can support and deliver on a team’s strategic direction and evolve processes, procedures, tools and training to enable the team to effectively deliver on Risk Analytics and Credit Decision 2nd Line of Defense oversight mandate.

Who you are

• You can demonstrate experience in leading regulatory examinations communications, audits, compliance reviews or/and process efficiency reviews for a minimum 2 years.

• You can demonstrate experience in establishing a strong controls environment, including designing and assessing the effectiveness controls for a minimum 2 years.

• You understand retail financial products origination and servicing journeys, and have an understanding of the regulatory environment applicable to financial institutions. It’s an asset if you have experience with applications such as Class and Mortgage.

• You have sound professional judgment and can handle handling complex and urgent matters.

• You have a University Degree/ College Diploma or equivalent work experience with a minimum of 5 years’ experience within the compliance or lending industry.

• You look beyond the moment. You make decisions and take actions that will make a difference today and tomorrow for the programs and the Team. You proactively seek new opportunities to define what's possible.

• 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.

• It’s an asset if you are fluent in French.

• 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

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail]

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 31st Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Analytical Thinking, Business Requirements, Communication, Data Integration, Data Quality, Deliverables Management, Prioritization, Quality Improvement, Risk Analytics, Test Planning