Senior Manager, Continuous Risk and Control Monitoring and Data Analytics

Canadian Imperial Bank of Commerce; Toronto; Hybrid; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Manager for Continuous Monitoring and Data Analytics. This role is pivotal in shaping the Continuous Monitoring Program, enhancing regulatory oversight through agile, real-time monitoring of risks. You will leverage your strategic vision to drive data analytics initiatives, collaborating with various teams to improve efficiency and decision-making. The position offers a hybrid work environment, allowing flexibility while ensuring impactful contributions to the organization's compliance framework. Join a forward-thinking firm that values your strengths and ambitions, empowering you to thrive in your career.

Benefits

Competitive salary

Defined benefit pension plan

Employee share purchase plan

Wellbeing support

Vacation offering

Purpose Day (paid day off for growth)

Qualifications

• 8+ years in financial services focusing on data analysis and compliance.
• Strong familiarity with continuous monitoring and risk data analytics.

Responsibilities

• Drive CEEP’s Continuous Monitoring and data analytics strategy.
• Enhance regulatory oversight with real-time monitoring of key risks.

Skills

Data Analytics

Regulatory Compliance

Risk Assessments

Quality Assurance Review

Problem Solving

Strategic Thinking

Attention to Detail

Education

Bachelor's or Master's in Risk Management

Certifications (FRM, CFA, CRISC)

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 Compliance and EAML Examinations Program (CEEP) is a global examinations team, that carries out Regulatory Compliance and ML/TF Examinations of LOBs and functional groups.

The role operates under the Centralized Support Services (CSS) Team. CSS is responsible for supporting the EAML and Compliance Examination teams through the development, implementation and maintenance of the examination program, tools/templates, annual examination planning, training and management reporting. In addition, the CSS team manages and executes the Quality Assurance program to assess the effectiveness and quality of examinations.

As a Senior Manager Continuous Monitoring and Data Analytics, you will be instrumental in shaping the CEEP Continuous Monitoring (CCM) program and data analytics strategy. Leveraging your strategic vision and continuous improvement mindset, you will drive CEEP’s strategic priorities by developing, designing, and implementing a robust Continuous Monitoring Program. This program will enhance regulatory oversight by providing agile, real-time monitoring of key entity risk, complementing periodic examination testing for a more proactive and data-driven approach.

The continuous monitoring program will deliver valuable risk and control insights to CEEP examination teams, enhancing their ability to shape examination scope, make informed decisions, improve efficiency and respond swiftly to emerging regulatory risks.

You will collaborate with CEEP examination, methodology and quality assurance teams to develop data analytics guidance and tools to enhance testing coverage (e.g. 100% population testing), improve productivity and efficiency, and enable data-driven decision making for greater impact.

In addition to building CEEP’s CCM and data analytics tools, you will work with internal stakeholders to ensure that CEEP’s data capabilities are well integrated into existing data infrastructure and reporting frameworks.

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

• Strategic Thinking Approach: Drive, manage and execute CEEP’s Continuous Monitoring, data and AI strategic aspirations while supporting CEEP’s immediate data and reporting needs/objectives. Proactively identify areas where continuous monitoring or data analytics might add value and engage teams across CEEP to implement monitoring and or reporting where applicable.
• Data Analytics: You use your affinity with data/numbers to drive critical regulatory compliance examination decisions and facilitate data driven insights to support an enhanced regulatory risk examination posture. You utilize your passion for using data to solve and augment business needs, standards and strategies.
• Thought Leadership: Drive awareness with CEEP internal stakeholders on the benefits of continuous risk monitoring and analytics-driven decision-making and support leadership with ideas to support enhance CEEP Continuous Monitoring and data analytics vision.
• Relationship Management: Build ongoing partnerships with key partners across the business. Work closely with various teams to achieve common goals and negotiate deliverables and milestones, as required.
• Continuous Improvement Mindset: Enhance the quality and efficiency of CEEP examination teams by integrating Continuous Monitoring and data analytics into regulatory examination processes. Additionally, monitor regulatory changes, industry development and emerging risk trends to continuously refine CEEP Continuous Monitoring and data analytics strategy.
• Problem Solving and Creativity: You demonstrate exceptional creativity with a focus on synthesizing disjointed information, ideas and priorities into a unified/meaningful product.
• Excellent Communication: Using your communication skills you are able to translate complex data and ideas into actionable business insights.
• Attention to Detail & Data Quality Management: Commitment to ensuring data accuracy, consistency, and integrity throughout the Continuous Monitoring process.

Who you are

• Minimum 8 years of experience in financial services and/or consulting supporting data analysis, continuous monitoring and report design and implementation
• Bachelor or Master's degree in Risk Management, Data Science, Analytics, Finance, Computer Science, or a related field.Certifications such as FRM (Financial Risk Manager), CFA, CRISC (Certified in Risk and Information Systems Control) is preferred.
• You have strong familiarity with continuous monitoring and risk data analytics in the Regulatory and Compliance field.
• You have a well-developed understanding of risk management, risk indicators, and regulatory compliance management frameworks.
• You are a critical thinker and can use your analytical and problem solving skills to resolve ambiguity
• You have excellent analytical and problem-solving skills
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability
• 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 act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results
• Values matter to you. You bring your real self to work and you live our values – trust, empathy, 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

Quality Assurance Review, Quality Investigations, Regulatory Compliance, Regulatory Requirements, Risk Assessments, Strategic Objectives