Consultant, Retail Risk Controls and Oversight

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 70,000 - 95,000; Full time

Job summary

A leading bank in Canada seeks a Consultant for Retail Risk Controls and Oversight. The role focuses on implementing governance and managing risk within retail lending portfolios. Candidates should possess an undergraduate degree in business and expertise in risk management principles. Join CIBC to collaborate in a dynamic, inclusive environment and drive impactful results.

Benefits

Competitive salary

Defined benefit pension plan

Vacation offering

Wellbeing support

Employee share purchase plan

Qualifications

• Experience in credit adjudication for secured lending portfolio.
• Knowledge of OSFI B-20 and Bank Act requirements.
• Ability to communicate complex information effectively.

Responsibilities

• Ensure governance and internal control activities for retail products portfolios.
• Execute monthly governance and internal control processes.
• Provide oversight and ensure data accuracy and compliance.

Skills

Analytical Thinking

Communication

Risk Management

Data Quality

Real Estate Secured Lending

Education

Undergraduate degree in business or related discipline

Tools

Microsoft Office Suite

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

The position of Consultant, Retail Risk Controls and Oversight within the Risk Analytics and Credit Decisioning Team contributes to the profitable growth of the retail lending portfolios by ensuring the activities related to the execution of governance and internal control activities for the Retail Products portfolios are carried out as required. You will build and maintain strong professional relationships with internal colleagues and other internal and external audit partners by providing assurance on regulatory governance, Standard Operating Procedures (SOP) and Standard & Guidelines (S&G) Policy adherence, internal controls and other regulatory activities by taking ownership of key oversight and validation activities, ensuring data accuracy, compliance, and adherence to internal policies and guidelines. You will be responsible for ensuring there is adequate monitoring, oversight, testing, reporting, and effective challenge of business risks and regulatory requirements.

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

• Regulatory oversight - Leverage strong ownership and analytical skills to provide effective review and challenge of regulatory process and procedure documentation, regulatory oversight of OSFI B20 Guidelines, adherence and compliance to the Standard Operating Procedures (SOP) and Standard & Guidelines (S&G) Policy and other regulatory initiatives.

• Controls reporting and analysis - Execute the monthly governance and internal control process for the retail lending portfolios with the purpose of determining if any exceptions/regulatory breaches exist, identifying any operational credit risk issues, identifying any data integrity issues and taking action to have those rectified. In addition, support and identify new opportunities to improve and streamline the existing reporting landscape.

• Risk management - Sound knowledge of risk management principles and the factors that contribute to risk, with the ability to assess, measure and monitor risk within CIBC guidelines. Demonstrate strong knowledge of credit principles and risk management relating to the residential mortgages, OSFI requirements and secured/unsecured lines and loans business.

• Critical thinking - Apply critical thinking to assess complex situations, identify potential risks, and develop actionable solutions. Use a structured approach to problem-solving and decision-making, ensuring alignment with organizational goals and regulatory requirements.

• Communication - Demonstrate well developed writing and visual presentation skills sufficient to articulate analytics results, options, recommendation and benefits. Excellent verbal communication skills, sufficient to provide detailed explanation and interpretation of information and analysis to all levels of management.

Who you are

• You can demonstrate experience in credit adjudication for the secured lending portfolio and have knowledge of OSFI B-20, Bank Act, and Insurer regulatory requirements pertaining to real estate secured lending.

• You demonstrate proficiency in Microsoft Office Suite,including Microsoft Word, Excel, PowerPoint, Outlook and SharePoint.

• You have an undergraduate degree in business or related discipline.

• 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.

• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.

• 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

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 Quality, Microsoft Excel, Microsoft Office, Microsoft PowerPoint, Microsoft Word, Prioritization, Quality Improvement, Real Estate Secured Lending, Risk Analytics, Risk Control, Risk Management, Risk Reporting, Underwriting, Underwriting Analysis